Press Releases
Rabobank Group forecasts moderate growth in profit in 2008
6-1-2009 | Press Release
‘Rabobank has, in view of the conditions on the financial markets, had a relatively good year in 2008. Rabobank consequently forecasts further, albeit moderate, growth in net profit in 2008. The current indications are that the capital ratio, i.e. the tier 1 ratio, will be above the targeted high level of 12.5% according to BIS II norms. While on the one hand primarily the financial markets division at Rabobank International was negatively impacted by the crisis, on the other hand the local member Rabobanks benefited from the turbulent times and Rabobank International gained advantages from the positive agricultural markets in countries including Australia, Brazil and Poland. The local member banks recorded a sharp influx of savings of approximately 20% and extended 16% more business loans in 2008 than in 2007. The Standard & Poor’s and Moody’s rating agencies reconfirmed the triple A rating with a ‘stable outlook’ in October and November 2008,’ Bert Heemskerk, Chairman of the Executive Board of Rabobank, stated in his New Year’s speech this afternoon in Utrecht.
Piet Moerland to be new chairman of Rabobank Executive Board Mid 2009
6-1-2009 | Press Release
Dr Piet Moerland (59) is to be the new Chairman of the Rabobank Group Executive Board in the second half of 2009. He will succeed Bert Heemskerk who will step down from this position at the General Meetings of Rabobank Nederland to be held on 18 June 2009. 'Moerland is a highly experienced banker, director and scholar who has been with the co-operative Rabobank for many years and has held a range of positions within the organisation,' says Chairman of the Supervisory Board Dr Lense Koopmans. 'This succession from within its own ranks furthermore demonstrates Rabobank’s commitment to provide calm and continuity during these economically turbulent times.'
Rabobank forecasts lean years ahead - Heemskerk expects Dutch economy to shrink in 2009
17-12-2008 | Press Release
The Netherlands will not escape the global economic downturn next year. Rabobank does not expect the Dutch economy to grow in 2009. It will, however, remain to be seen how deep and long the recession will be in the Netherlands. Current indications suggest the lowest point will be reached in 2009 followed by a weak recovery in 2010. The only upside for now is the Dutch economy’s relatively favourable starting position. Bert Heemskerk stated these views today at the presentation of Outlook 2009.
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