Rabobank sells its Roparco mortgage loan activities to RNHB
15 December 2017
Rabobank has sold its Roparco mortgage loan business (‘Roparco Hypotheken’) to RNHB. The business includes the underlying mortgage loan portfolio as well as its personnel. RNHB is a former label of Rabobank subsidiary FGH Bank. From December 2016 on RNHB independently continued its business as provider of mortgage credits on the Dutch market.
Entire Roparco mortgage loan business sold
The transaction relates to the sale of the entire Roparco mortgage loan business unit which comprises around 4,900 loans with a total outstanding amount of approximately 500 million euro. The Roparco mortgage activities, which were positioned as a standalone mortgage business within Rabobank, found their origin at Robeco and were transferred to Rabobank in 2013. The transaction to RNHB is in line with Rabobank’s ongoing strategy to further optimize its balance sheet and focus more on its core activities.
RNHB welcomes Roparco portfolio and team
RNHB is an established and licensed mortgage provider in the Netherlands committed to grow its mortgage business in the Netherlands through organic origination and selective portfolio acquisitions. RNHB welcomes the Roparco portfolio as a solid addition to its current portfolio. The existing Roparco team will also transition to RNHB, thereby safeguarding that borrowers will continue to interact with both the Roparco team and Stater as mortgage service provider.
Roparco customers notified in writing
The Roparco customers will receive a letter informing them about the transaction shortly.