Press Releases
Rabobank succesfully issues Senior Contingent Notes
12-3-2010 | Press Releases
Today, Rabobank successfully issued a EUR 1.25 billion, benchmark 10 year fixed rate Senior Contingent Note ("SCN") issue, priced at an annual coupon of 6.875%, reflective of a premium to Rabobank subordinated debt paper, as well as a meaningful discount to where we believe Rabobank would be able to complete a hybrid Tier 1 offering.
Rabobank strong results in 2009
4-3-2010 | Press Releases
-Net profit at EUR 2.3 billion -Equity up 14% to EUR 38 billion -Tier 1 ratio up 1.1 percentage point to 13.8% -Bad debt costs at 48 basis points due to poor economic conditions -61 billion euros granted in new loans
Recovery of confidence important in 2010 - Rabobank Group is a profitable and solid bank
5-1-2010 | Press Releases
‘The most important priority in 2010 is that this should be the year for recovery of confidence in the financial sector. Clients should always be able to count on being served with high-quality and transparent products, knowledgeable and committed advice and proper complaints resolution. To get this, clients have to be able to take stock of their own financial needs and the risks they are prepared to accept. Financial institutions are struggling to cope with the damage that has been done to the sector’s reputation, and must try to get back in touch with society and politics. By making it clear that no irresponsible risks are being taken, by tackling the issue of bonuses and by emphasising that banks fulfil a function in society. Only then can there be a lasting recovery of confidence. Both retail and business clients will then again have the confidence to leave their banking in the hands of a solid financial institution - preferably Rabobank, of course!’ This was one of the statements Piet Moerland, Chairman of the Executive Board of Rabobank Nederland, made in his New Year’s speech held in Utrecht.
