Reports
Although the ongoing economic recovery remains fragile, a number of sectors of the Dutch economy are showing tentative signs of improvement. Thanks to the confidence of its clients, Rabobank was able to maintain its positions in the savings and SME markets, and build on its leading position in the mortgage market. Rabobank attracted more client deposits from retail and corporate clients. Against this, due to the economic climate, retail clients were reticent to take out new mortgages and businesses postponed investments. As a consequence, growth in lending in the Netherlands levelled off.
While some of our corporate clients still faced problems in the first six months of the year, others saw improvements thanks to the economic recovery. On balance, bad debt costs dropped at Rabobank Group. After a challenging 2009, net profit was up again in the first six months of 2010, rising 26% to EUR 1,661 million. The liquidity position remained robust and the capital position continued to improve. The tier 1 ratio increased by 1.1 percentage points to 14.9%.
Rabobank will continue to focus on providing excellent client services, achieving sound margins and ensuring ongoing operational efficiency.
Online Financial Reports
We welcome our stakeholders to view our financial reports online. Our financial reports website allows you to easily find information from the Interim Report 2010, the Annual Report 2009 and Financial Statements. Below you can also find the pdf version of the interim report.
Financial Reports of previous years can be found in the reports archive. Hardcopy versions of the reports can be ordered by filling out the request form.
By following the link below you can access further details on the Dutch economy in Rabobank reports such as the Monthly Outlook, Dutch Housing Market and the Country profile on the Netherlands.
Contact
Get in touch with the
IR Office by phone or use the form provided.
Calendar
Interim Results 2010:
August 25, 2010
Annual Results 2010:
March 3, 2011
