Rss feed Investor Relations https://www.rabobank.com/Corporate/en/investors/irnews_research/rss.html Rss feed Investor Relations en <![CDATA[Rabobank and BPD to tackle housing shortage with 15,000 mid-price rental homes]]> https://www.rabobank.com/en/investors/irnews_research/investor_news/2019/20191005-rabobank-bpd-housing-fund.html?utm_medium=RSS On 5 October 2019, Rabobank and area developer BPD (Bouwfonds Property Development), a full subsidiary of Rabobank, announced they are going to make a substantial contribution in addressing the pressing demand for housing amongst those on middle incomes. They are doing this by setting up the “BPD Woningfonds” housing fund this year. This rental housing fund will add fifteen thousand energy-efficient sustainable mid-price rental homes with average rents of between € 650 and € 1,250 per month to the Dutch housing market over the next ten years. The fund will make a flying start at the beginning of 2020 with the purchase of the first thousand homes.

There is a serious lack of affordable rental housing for the mid-price segment. This is one of the stumbling blocks in the current housing market. The government will be making two billion euros available to municipal councils and housing corporations over the coming years in order to improve the housing market. The BPD Woningfonds involves an investment of around five billion euros, of which Rabobank will be providing some one billion euros over the next three years.

The fifteen thousand homes will be sustainable apartments and family homes for starters, families and elderly people living independently, and are intended for rental. These new-build rental homes will be located in attractive residential neighborhoods in urban areas inside and outside the Randstad. By developing these properties BPD Woningfonds is seeking to fill the widening gap between social rental and expensive private sector rental properties. The new homes will meet the highest sustainability requirements. The new-build properties are being developed by BPD. The fund will purchase the first thousand rental homes from BPD at the start of 2020.

Published: 8 October 2019, 16:30 CET

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Investor News Sat, 05 Oct 2019 07:00:00 GMT 263008
<![CDATA[Sale of Rabobank, National Association finalized ]]> https://www.rabobank.com/en/investors/irnews_research/investor_news/2019/20190902-rna-mechanics-bank.html?utm_medium=RSS Rabobank has completed the sale of Rabobank, National Association (“RNA”) to Mechanics Bank, which was announced earlier this year for a total consideration of approximately USD 2.1 billion.

On 31 August 2019, the sale transaction was finalized after satisfying all customary closing conditions and the receipt of all required regulatory approvals. In line with our “Banking for Food” strategy, approximately USD 5 billion of Food & Agribusiness (F&A) assets were transferred from RNA to Rabo AgriFinance on 1 July 2019.

By consolidating all of our U.S. rural agribusiness operations under a single roof, Rabo AgriFinance will be the only U.S. ag lender to serve the F&A sector coast-to-coast by coupling local expertise with global sector knowledge.

This move gives Rabobank a strong foundation for further expansion in the U.S. and supports our growth strategy across the entire F&A value chain in North America, which includes our Rural and Wholesale Banking businesses and our leasing business, DLL.

Published: 2 September 2019, 14:30 CET

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Investor News Mon, 02 Sep 2019 07:00:00 GMT 262560
<![CDATA[Analyst webcast 2019 interim results]]> https://www.rabobank.com/en/investors/irnews_research/investor_news/2019/20190815-analyst-webcast-2019-results.html?utm_medium=RSS On 15 August 2019 Rabobank's CEO Wiebe Draijer and CFO Bas Brouwers hosted a webcast and call for analysts and institutional investors covering our half year 2019 results.

The press release and related content on the annual results are available . The Investor Relations presentation on the HY2019 results and the presented sheets during the Analyst webcast are available .

Please click for the on-demand version of our Analyst Webcast H1-2019 results, including the sheets presented.

Published: 15 August 2019, 14:00 CET

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Investor News Thu, 15 Aug 2019 14:00:00 GMT 262254
<![CDATA[Rabobank Posts EUR 1.2 Billion Net Profit in First Half-Year of 2019]]> https://www.rabobank.com/en/investors/irnews_research/investor_news/2019/20190815-rabobank-presents-interim-results-2019.html?utm_medium=RSS In a challenging environment, Rabobank has made progress on achieving most of its strategic objectives in the first six months of the year. Net profit for the first half-year was EUR 1.2 billion.

‘In the first six months of 2019 Rabobank posted a net profit of EUR 1.2 billion. During the first half-year international developments continued to threaten stability and growth prospects worldwide. Take for example the escalating trade war between the United States and China, the growing likelihood of a hard Brexit and the persistent low interest rate environment. Given this continuing uncertainty, it is with satisfaction that we can look back and observe the important strides we have taken toward achieving our strategy and our mission as a cooperative bank. None of this would have been possible without the efforts and dedication of our employees, all of whom deserve our express thanks.’

Compared to the historically high performance over the first half-year of 2018, net profit declined by 29%. The decrease is mainly attributable to a rise in impairment charges compared to their extremely low level over the same period last year. At the current level impairment charges are trending upward toward the long-term average. Income declined, mostly as the result of the derecognition of income from divested non-strategic activities (FGH Bank and BPD Marignan). The persistent low interest rate environment also affected income, but to a lesser extent.

Rabobank succeeded in cutting costs further. Compared to the first half-year of 2018, expenses decreased by 5% as a result of ongoing restructuring efforts. As a result, the cost/income ratio improved from 65.9% (over the full year 2018) to 64.4% over the past half-year. We remain focused on improving the cost/income ratio. The rate of improvement will partly be influenced by interest rate developments and increased investments for digitalization and compliance.

Rabobank maintains its strong capital position: the common equity tier 1 (CET 1) ratio stands at 15.8%, well above Rabobank’s target of at least 14%. The slight decline of 0.2% (compared to December 31, 2018) is partially a consequence of growth of our loan book. This capital position leaves Rabobank well prepared for the impact of Basel IV and TRIM.

For more information on the interim results 2019 please read .

Published: 15 August 2019, 07:30 CET

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Investor News Thu, 15 Aug 2019 07:50:00 GMT 262295
<![CDATA[Presentation interim results 15 August 2019]]> https://www.rabobank.com/en/investors/irnews_research/investor_news/2019/20190808-presentation-interim-results-15-august-2019.html?utm_medium=RSS The presentation of the interim results is held on Thursday 15 August 2019. The press release, interim report and an infographic will be published at 07:30 AM CET.

At a media webinar, 09:00 AM CET, Wiebe Draijer and Bas Brouwers will present the interim results. In the afternoon Rabobank will host a webinar for analysts and institutional investors. This webinar will be held in English.

As of 12:30 PM CET the audiocast of the media webinar, including the slides presented, will be available on this website. The audiocast of the analyst webinar, including the presentation, will be available as of 3:30 PM CET.

More information about the results can be found on:

Registrations are required for journalists. Please RSVP to the press office: pressoffice@rabobank.nl

Published: 8 August 2019, 07:30 CET

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Investor News Thu, 08 Aug 2019 07:00:00 GMT 262240
<![CDATA[S&P affirms ratings Rabobank, Outlook revised to Stable]]> https://www.rabobank.com/en/investors/irnews_research/investor_news/2019/s-and-p-affirms-ratings-rabobank-outlook-to-stable.html?utm_medium=RSS On 28 June 2019 S&P Global Ratings (S&P) announced that it had affirmed the ratings on Coöperatieve Rabobank (A+/A-1) and Rabobank New Zealand Ltd. (A/A-1). At the same time S&P revised its Outlook to Stable from Positive.

The previous Positive Outlook (revised in September 2017) was linked to S&P’s expectation of reducing economic imbalances at the country level. S&P expects economic risk in the Netherlands to remain stable over the coming years as ‘the Dutch economy continues to perform well and continues to support banking activities in the country’, although S&P hasn’t observed ‘a reduction of economic imbalances stemming from a reduction of private sector leverage’. In addition, S&P states that it ‘also base our view on economic risk on the very open nature of the Dutch economy, which is a source of volatility, as well as current global trade tensions and the uncertainty around Brexit, which overall will contribute to the expected slowdown of economic growth in Europe.’. According to S&P the ratings on Rabobank ‘capture well the balance between the strengths and weaknesses we observe for the Dutch economy and bank-specific factors. Consequently, we have affirmed our ratings on the bank and revised to stable the rating’s outlook.’.

Published: 1 July 2019, 2:00pm CET

Elements of this press release are considered by Rabobank as inside information relating directly or indirectly to Rabobank within the meaning of article 7 of the Market Abuse Regulation (EU Regulation 596/2014) that is made public in accordance with article 17 Market Abuse Regulation.

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Investor News Mon, 01 Jul 2019 14:56:06 GMT 261848
<![CDATA[Call Notice XS0431744282 and US749770AQ67]]> https://www.rabobank.com/en/investors/irnews_research/investor_news/2019/call-notice-xs0431744282-and-us749770AQ67.html?utm_medium=RSS Call Notice Rabobank Nederland U.S.$ 2,871,909,000 Fixed to Floating Rate Perpetual Noncumulative Capital Securities (the ‘Capital Securities‘) ISIN XS0431744282 and US749770AQ67.

Rabobank issued the Capital Securities on June 4, 2009. In accordance with the Terms and Conditions of the Capital Securities, and subject to certain conditions, Rabobank may elect to redeem the Capital Securities, on the First Call Date, being June 30, 2019.

Notice is hereby given that, pursuant to Condition 8(c) of the Terms and Conditions of the Capital Securities, the Issuer has elected to redeem, and will redeem, all of the Capital Securities at the principal amount thereof, together with any accrued and unpaid interest plus any additional amounts thereon, if any, on June 30, 2019.

Registrar and Paying Agent
Deutsche Bank Luxembourg S.A.
WM Operations Luxembourg
2, Boulevard Konrad Adenauer
1115 Luxembourg
Luxembourg

Fiscal Agent and Paying Agent
Deutsche Bank AG, London Branch
Winchester House
1, Great Winchester Street
London EX2N 2DB
United Kingdom

Registrar and Paying Agent
Deutsche Bank Trust Company Americas
60 Wall Street, 24th Floor
New York, NY 10005
United States

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Investor News Mon, 20 May 2019 14:56:06 GMT 261277
<![CDATA[Rabo Capital Securities Limited to redeem securities]]> https://www.rabobank.com/en/investors/irnews_research/investor_news/2019/rabo-capital-securities-limited-to-redeem-securities.html?utm_medium=RSS Rabo Capital Securities Limited (RCSL) announces that it will exercise its right to fully redeem its perpetual non-cumulative non-voting capital securities (PIE Capital Securities), NZDX ticker code RCSHA / ISIN NZRCSEP001C3. RCSL issued the PIE Capital Securities pursuant to a prospectus dated 17 April 2009, and their First Call Date is 18 June 2019. RCSL will redeem the PIE Capital Securities on the First Call Date.

Holders of the PIE Capital Securities at the record date (8 June 2019) will be entitled to receive the face value (NZD 1.00) of each PIE Capital Security held, together with any required dividends that may be payable in accordance with the terms and conditions of the PIE Capital Securities.

The last day for trading of the PIE Capital Securities on the NZX Debt Market will be 31 May 2019. Delisting of the PIE Capital Securities, and of RCSL, is expected to take place on 18 June 2019.

RCSL will be communicating with all holders of the PIE Capital Securities to notify them of this decision – a template letter is available on the website of the New Zealand Exchange.

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Investor News Wed, 24 Apr 2019 14:56:06 GMT 260830
<![CDATA[Rabobank agrees sale of former ACC Loan Portfolio]]> https://www.rabobank.com/en/investors/irnews_research/investor_news/2019/press_release.html?utm_medium=RSS Rabobank has agreed the sale of the secured loan portfolio formerly owned by ACC Loan Management (ACC) to a consortium of Goldman Sachs and CarVal Investors. It has also agreed the sale of the unsecured loan portfolio to Cabot.

The sale of the entire remaining loan portfolio of ACC valued at approximately EUR 800mln will have a small positive impact on Rabobank Group’s 2019 net profit and its CET1 ratio.
 
Rabobank’s Banking for Food strategy is the driving force behind the Group’s international portfolio. The sale underpins this international strategy and is in line with the Group’s balance sheet optimization program to reduce non-core assets.

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Investor News Fri, 12 Apr 2019 17:05:00 GMT 260650
<![CDATA[Rabobank to strengthen its focus on the North American Food & Agri sector ]]> https://www.rabobank.com/en/investors/irnews_research/investor_news/2019/rabobank-strengthen-focus-on-north-american-FandA-sector-v-ir.html?utm_medium=RSS In line with its international Food & Agri focus Rabobank announces consolidation of its agribusiness activities across the United States and the sale of its subsidiary Rabobank, National Association (“RNA”) to Mechanics Bank.

This strategic realignment will simplify and enhance Rabobank’s operations in North America and create the fourth largest agricultural lender in the United States, providing clients with a unique set of financing solutions and access to Rabobank’s global Food & Agri network. The majority of the current Food & Agri clients of RNA will be serviced by Rabo AgriFinance after the transfer of the related assets thereto.

Wiebe Draijer, CEO of Rabobank commented: “Our Banking for Food strategy is the driving force behind Rabobank’s growth of our international loan portfolio. We are committed to the United States, which is the largest agricultural market worldwide and an important growth pillar for Rabobank. When the transition is completed, Rabo AgriFinance will be the only U.S. lender to offer a broad, nationwide view of the agricultural sector coupled with local expertise and global resources”.

In parallel, Rabobank has entered into an agreement to sell RNA’s retail, business banking, commercial real estate, mortgage, wealth management and other non-Food & Agri businesses to Mechanics Bank, a community bank based in Walnut Creek, California. Rabobank will own a 9.9% stake in the combined bank. 

“Being part of Rabobank since 2002, RNA has become a leading community bank in California.” said Wiebe Draijer. “I would like to express my appreciation to the management and employees of RNA for building a strong bank, improving financial performance and, most importantly, providing an excellent customer experience. We believe RNA will substantially contribute to the future success of Mechanics Bank, given their complementary retail and commercial banking business and focus on local communities across the state of California.”

On 15 March 2019, Rabobank signed transaction documentation with Mechanics Bank. The transaction is expected to be completed in the third quarter of 2019, subject to customary closing conditions, including the receipt of required regulatory approvals. After completion of the transaction, Rabobank’s CET1 ratio is estimated to improve by approximately 40 basis points. Subject to customary purchase price adjustments, the total consideration amounts to approximately USD 2.1 billion, including a material pre-closing dividend and a 9.9% stake in Mechanics Bank. The parties have also agreed that upon closing of the transaction, Mechanics Bank will provide cash management services to Rabobank’s Dutch clients doing business in the U.S. and Rabo AgriFinance clients in a similar manner as provided by RNA today.

Lazard Freres & Co. LLC and Rabobank Corporate Finance Advisory, served jointly as financial advisors to Rabobank in connection with the sale of RNA and the approximately USD 5 billion asset transfer to Rabo AgriFinance.

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Investor News Fri, 15 Mar 2019 17:05:00 GMT 260283
<![CDATA[Rabobank Publishes Integrated Annual Report 2018]]> https://www.rabobank.com/en/investors/irnews_research/investor_news/2019/20190314-rabobank-publishes-integrated-annual-report-2018.html?utm_medium=RSS Rabobank published its integrated Annual Report 2018 today. The report gives an extensive account of the bank’s performance in social and financial terms. It illustrates Rabobank’s growth in 2018 and how it plays a meaningful role for individuals, society and the environment.

As a meaningful cooperative bank and a leading Food & Agri bank, Rabobank is committed to making a substantial contribution to welfare and prosperity in the Netherlands and to resolving the food issue worldwide. In the past year Rabobank furthered these ambitions through tangible expressions of its mission “Growing a better world together.” Support for diverse practical and successful initiatives in the Netherlands and the rest of the world resulted in more satisfied clients, ground-breaking innovations and improved financial results. The annual results 2018 were published on 14 February.

We recently implemented a new structure for the local banks in the Netherlands whose impact will be felt most keenly in the regions. Through these changes Rabobank believes it can continue to make the difference at local and regional level throughout the country. In response to the changing nature of society we will prioritize continuous improvement and adaptation of our digital service provision in the years to come. And—as always—we will maintain close connections with our clients and members.

The integrated Annual Report 2018 also includes the Annual Accounts 2018 and the Pillar 3 report. To accompany the Annual Report 2018 all 101 local banks are publishing a compact infographic showing their impact on society in their regions.

Elements of this press release are considered by Rabobank as inside information relating directly or indirectly to Rabobank within the meaning of article 7 of the Market Abuse Regulation (EU Regulation 596/2014) that is made public in accordance with article 17 Market Abuse Regulation.

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Investor News Thu, 14 Mar 2019 08:30:00 GMT 260265
<![CDATA[Analyst webcast FY2018 results]]> https://www.rabobank.com/en/investors/irnews_research/investor_news/2019/20190214-analyst-webcast-2018-results.html?utm_medium=RSS On 14 February 2018 Rabobank's CEO Wiebe Draijer and CFO Bas Brouwers hosted a webcast and call for analysts and institutional investors covering our 2018 results.

The press release and related content on the annual results are available . The Investor Relations presentation on the FY2018 results and the presented sheets during the Analyst webcast are available .

Please click for the on-demand version of our Analyst Webcast FY2018 results, including the sheets presented.

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Investor News Thu, 14 Feb 2019 14:02:47 GMT 259607
<![CDATA[A Healthy Foundation for the Cooperative Bank of the Future]]> https://www.rabobank.com/en/investors/irnews_research/investor_news/2019/20190214-a-healty-foundation-for-the-cooperative-bank-of-the-future.html?utm_medium=RSS


  • EUR 3,004M (+12%) net profit.
  • Low impairment charges because of the positive economy (5 basis points of the average loan portfolio).
  • Upward trend in customer satisfaction for third consecutive year.
  • Lending to international Food & Agri customers increased by 5%. Private sector lending increased by EUR 7.9B to EUR 416.0B.
  • Cost/income ratio improved from 71.3% to 65.9% because of lower operating expenses and despite higher investments in digitalization and risk management.
  • Strong buffers: fully loaded common equity tier 1 ratio from 15.5% to 16.0%.
  • Sustainalytics has placed Rabobank at the top of the global sustainability rankings for major banks.

In 2018 Rabobank posted a net profit of EUR 3,004 million. This is an increase of 12% compared to 2017. These strong results have reinforced the bank’s financial position. Impairment charges remained at historically low levels thanks to the continuing favorable economy but were higher than in 2017. Total revenues remained stable despite the low interest rate environment. In line with the strategic growth targets, lending to international customers in the Food & Agri sector increased, while the deposits from customers remained stable. Rabobank actively contributes to the sustainability of its customers. For the third consecutive year, Rabobank’s customers were more satisfied with the bank’s services. Lower operating expenses improved the cost/income ratio from 71.3% to 65.9%. Cost reduction will remain necessary for the coming years, despite the need to invest in digitalization and risk management. Adjusted for the impact of reorganization costs and fair value items, the underlying operating profit before taxes showed a decrease of 6% on 2017 when an exceptional release of credit provisions caused an upward shift in operating profit. Rabobank's capital base is holding strong: the fully loaded common equity tier 1 ratio increased again and now stands at 16.0%. The return on invested capital improved to 7.4% (2017: 6.9%) but has yet to reach the 8.0% target set by Rabobank.

“2018 was a good year. We have a healthy foundation for the cooperative bank of the future. We’ll need it too, to weather all the challenging transitions affecting society. The global food problem, the challenges of the Paris climate agreement and the agricultural and energy transition in the Netherlands also require a healthy and committed, cooperative bank.”

“Our mission, “Growing a better world together,” gives us direction and guidance. Our employees are inspired and motivated. Thanks to their efforts, we are largely on schedule in achieving most of our targets. We can be of greater significance for (international) society now that our financial results have improved, our capital position has been strengthened and the balance sheet has been further optimized. The fact that Sustainalytics has placed Rabobank at the top of its global sustainability rankings for major banks signifies huge recognition for our efforts in this area and speaks volumes about how we’re putting into practice the ambitions set out in our Sustainability strategy.”

“The private sector loan portfolio rose by EUR 7.9 billion to EUR 416.0 billion in 2018. In line with our growth objectives more clients obtained a loan from Rabobank, particularly in the Wholesale, Rural & Retail (WRR) sector and at our leasing subsidiary DLL. The way our F&A focus impacts international business is becoming increasingly clear. The WRR loan portfolio rose by 9% to EUR 109.0 billion. In line with our Banking for Food strategy, 61% of this portfolio was lent out to the Food & Agri sector. Partly due to extra mortgage repayments, we saw Rabobank's total mortgage portfolio decrease in 2018 to EUR 190.0 billion. The deposits from customers remained stable at EUR 342.4 billion.”

“Operating expenses declined by 8%, which improved the cost/income ratio including regulatory levies by 5.4 percentage points, bringing it to 65.9% (2017: 71.3%). Still, a further cost reduction is necessary to achieve the intended efficiency targets. In 2018 the number of employees (FTEs) decreased by 1,868 (4%). At local banks, many jobs have changed or have disappeared, because of regional clustering of roles and tasks.”

“Rabobank's strong capital position improved even further in 2018. Rabobank’s goal is to achieve a common equity tier 1 (CET1) ratio of at least 14% in 2020. The fully loaded CET1 ratio rose from 15.5% to 16%. Thus, the capital targets for 2020 have already been largely achieved. Rabobank will continue further strengthening its buffers to prepare for compliance with the capital requirements of Basel IV by 2027.”

“Customer satisfaction also rose in 2018, but the sector has not yet managed to restore consistent public confidence. Together, we still have a lot to improve. As a cooperative bank, we can only change that by distinguishing ourselves to the public in a positive way as a strong, customer-oriented organization that fulfills its social responsibility. Rabobank invests continually in risk management, compliance and client integrity.”

“To provide clarity in 2018 on the compensation relating to the reassessment of interest rate derivative contracts, Rabobank sent a letter to all the customers who are eligible for this. At December 31, 2018 almost 6,300 customers had received an offer letter and over 2,500 had received a proposal for a full advance. The project costs were higher than anticipated. We deeply regret that it takes so long to complete the compensation process.”

“The past year proved that the new senior management structure is working effectively. We further optimized the service model of the Dutch banking business, combining digital and personal services with a comprehensive network of offices and services. We are seeing one Rabobank Culture emerging at a rapid pace. Employee satisfaction increased, despite the far-reaching transition that large parts of the bank are experiencing. The number of women in senior positions is high and is set to rise further. Of both the Managing Board members and the Supervisory Board, 40% are women and women represent 31% of the management level reporting to the Managing Board.”

“In 2018 we also achieved an acceleration in the field of innovation. More than 70% of our customers in the Netherlands now bank online. Our Moonshot campaign has already led to 6 new ventures, including Tellow, an app that helps freelancers with their accounting and tax returns. In 2018 we collaborated with innovative start-ups and scale-ups, such as Komgo and We.trade, both blockchain platforms which make it easier for our customers to do international business. Open Banking and PSD2 will quickly change the financial institution landscape. New competitors from the technology sector, among others, will lead to tighter competition and more possible choices for customers.”

“Rabobank wants to encourage the transition of the agricultural sector and to make sustainable food production possible. As a leading international Food & Agri bank, we want to contribute to the solution for the global food problem.By 2050, there has to be enough healthy food to feed around 10 billion people worldwide. We can count about half of the world's top 300 food and agricultural businesses among our customers. Through the work of Rabobank Foundation and Rabo Partnerships we contribute to the financial self-reliance of almost five million small farmers worldwide.”

“Prolonged dry weather in 2018 impacted the agriculture sector in the Netherlands, especially arable farming, the dairy sector and horticulture. Rabobank helps its customers dealing with the consequences by offering a “drought loan,” among other things. Farmers in California and Australia were also able to count on Rabobank at difficult times due to persistent drought.”

“We can look back with satisfaction on the progress we made in 2018, but we are also aware that we are not there yet. In the coming years we will give even more attention to the future of cooperative banking, where we take social responsibility in line with our mission. We do that in a world with many challenges, a low interest rate environment, digitalization, technological advances, trade wars, more stringent regulation and climate change.”

“For the coming years Rabobank forecasts moderate economic growth and a low interest rate environment in the Netherlands and international markets, against a backdrop of risks associated with tensions on the world stage. Rabobank is seeking further growth, in Food & Agri internationally, and in the Netherlands as an all-finance service provider. We remain close to our customers as a cooperative bank and will continue to invest in both digitalization and our national branch network. This enables us to stimulate innovation among our customers and to help them make either their home or business operations more sustainable. The type of social contribution we want to make in all countries in which we operate is becoming clearer every year. Growing a better world together.”

Published: 14 February 2019, 07:30 CET

Elements of this press release are considered by Rabobank as inside information relating directly or indirectly to Rabobank within the meaning of article 7 of the Market Abuse Regulation (EU Regulation 596/2014) that is made public in accordance with article 17 Market Abuse Regulation.

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Investor News Thu, 14 Feb 2019 07:27:24 GMT 259683
<![CDATA[Rabobank confirms ECB capital requirements as of March 2019]]> https://www.rabobank.com/en/investors/irnews_research/investor_news/2019/rabobank-confirms-ecb-capital-requirements-as-of-march-2019.html?utm_medium=RSS Rabobank has received notification of the ECB’s final decision concerning the own funds requirements that it has to meet as of 1 March 2019, following the results of the 2018 Supervisory Review and Evaluation Process (SREP).

The decision requires that Coöperatieve Rabobank U.A. (“Rabobank”) maintains a total SREP Capital requirement of 9.75% on a consolidated and unconsolidated basis. The requirement consists of a 8% minimum own funds requirement and a 1.75% Pillar 2 requirement.

The total CET1 minimum requirement is 6.25% consisting of the minimum Pillar 1 requirement (4.5%) and the Pillar 2 requirement (1.75%). In addition, Rabobank should comply with the combined buffer requirements consisting of a Capital Conservation Buffer (2.5%) and a Systemic Risk Buffer imposed by the Dutch Central Bank (“DNB”) of 3% in 2019. This translates into an aggregate 11.75% CET1 requirement as of 1 March 2019 and is equal to the current fully phased in CET1 requirement. Rabobank targets a CET1 ratio of at least 14%.

Since 2017 the Pillar 2 surcharge has been split by the ECB into the aforementioned Pillar 2 requirement and a Pillar 2 guidance. The 11.75% CET1 requirement does not include the Pillar 2 guidance, which is not disclosed. The Pillar 2 guidance is not relevant for the Maximum Distributable Amount (“MDA”).

With a fully loaded CET1 ratio of 16.0% on 31 December 2018, Rabobank already complies with the requirements for 2019. With a Tier 1 ratio of 19.5% and a Total capital ratio of 26.6% on 31 December 2018 Rabobank also comfortably meets its total SREP capital requirements.

The decision also requires that Rabobank maintains a CET1 ratio of 8.75% on an unconsolidated basis. This 8.75% capital requirement includes the minimum Pillar 1 requirement (4.5%), the Pillar 2 requirement (1.75%) and the Capital Conservation Buffer (2.5%). The unconsolidated CET1 ratio of Rabobank also amounted to 16.0% on 31 December 2018.

Published: 14 February 2019, 08:00 CET

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Investor News Thu, 14 Feb 2019 06:00:00 GMT 259590
<![CDATA[Rabobank earns top spot in global sustainability ranking ]]> https://www.rabobank.com/en/investors/irnews_research/investor_news/2019/rabobank-nr-1-op-duurzaamheidsranglijst-voor-investors.html?utm_medium=RSS Sustainalytics has placed Rabobank at the top of the sustainability rankings for major banks. This means the bank received the highest score for how it applies Environmental Social Governance (ESG) data in its services and approach to risk. Sustainalytics has concluded that the risk of Rabobank incurring financial damage due to environmental and social policy is negligible.

This risk is relevant to institutional investors who wish to invest in sustainable companies. Rabobank held the 62nd position in the rankings just four years ago. The bank earned a top 10 place for the next two years before going on to seize the number two position last year. “Rabobank’s number one position this year speaks volumes about how we’re successfully putting into practice the ambitions set out in our Sustainably Successful Together strategy,” says Bas Rüter, Director of Sustainability at Rabobank.

Sustainalytics is the global leader in sustainability research and ratings for investors. The assessment takes into account both the content of the sustainability policy and how the bank applies it in practice. Rabobank received the best score of all the 294 major banks included in the assessment. Rabobank earns high scores on corporate policy, product policy, human capital and integrating ESG data into its lending operations. While the scores on data privacy & security and business ethics are slightly lower, the risk remains low.

Rüter: “When making lending decisions, Rabobank looks at the extent to which a client complies with our sustainability policy. Prospective clients may only become clients if they comply with the policy. Existing clients must also comply. If they do not meet the requirements we enter into a dialogue with them concerning the necessary changes. If the required changes are not made, the bank suspends provision of services. This integration of policy into our lending operations is extremely important to investors.”

Find out more about our sustainability policy?

Published: 7 February 2019, 09:00 CET

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Investor News Thu, 07 Feb 2019 08:36:45 GMT 259505
<![CDATA[Rabobank confirms Els de Groot as Chief Risk Officer]]> https://www.rabobank.com/en/investors/irnews_research/investor_news/2019/20190201-rabobank-confirms-els-de-groot-as-cro.html?utm_medium=RSS Rabobank confirms the appointment of Els de Groot as Chief Risk Officer and member of the Managing Board. Rabobank announced Els de Groot’s appointment on 18 October 2018, pending approval from the regulators, which is now confirmed.

Els de Groot succeeds Petra van Hoeken in these roles. Els de Groot was Chief Financial Officer of Schiphol Group from 2012 to 2017. Before that she worked as an independent consultant and interim manager, including a role as interim Chief Financial & Risk Officer at Van Lanschot Bankiers. From 1987 to 2008 she held various management positions at ABN Amro Bank, including Executive Vice President Group Risk Management.

Petra van Hoeken will continue as a member of the North America Board of Directors of Rabobank and of the Supervisory Board of DLL, Rabobank’s independent leasing business.

Published: 1 February 2019, 11:00 CET

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Investor News Fri, 01 Feb 2019 13:43:53 GMT 259461
<![CDATA[Notice to holders of EUR 90mn Robeco Private Equity Certificates (XS0239558819, Series Number 1)]]> https://www.rabobank.com/en/investors/irnews_research/investor_news/2019/20190129-notice-to-noteholders-robeco-certificates.html?utm_medium=RSS The Issuer hereby informs the holders of the Certificates that the maturity date of the Certificates of 28 February 2019 shall be extended with a period of one year to 28 February 2020 (the "Maturity Date").

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Investor News Tue, 29 Jan 2019 17:22:29 GMT 259387
<![CDATA[Senior Non-Preferred Law is passed by Dutch Parliament]]> https://www.rabobank.com/en/investors/irnews_research/investor_news/2018/20181214-senior-non-preferred-law-is-passed-by-dutch-parliament.html?utm_medium=RSS The Dutch Parliament and Senate have passed a bill to implement EU Directive 2017/2399 which introduces certain changes to the creditor hierarchy in Dutch law to facilitate a new category of unsecured debt, the “senior non-preferred” debt.

The effective date of the law coming into effect, in the Netherlands is 14 December 2018 (the “Effective Date”).

Prior to the Effective Date, Coöperatieve Rabobank U.A. (“Rabobank”) issued three Series of Notes (identified below), which, upon the implementation of the EU Directive 2017/2399 in Dutch law, would automatically convert into non-preferred senior notes.

Accordingly, the ranking and status of the following notes has automatically converted into non-preferred senior debt of Rabobank:

EUR 1,000,000,000 0.75 per cent. Non-Preferred Senior Notes 2018 due 29 August 2023 (Series 3180A, ISIN: XS1871439342)

USD 1,000,000,000 3.875 per cent. Non-Preferred Senior Notes 2018 due 26 September 2023 (Series 3185A, ISIN Rule 144A: US74977RDE18, ISIN Regulation S: US74977SDE90)

USD $250,000,000 Floating Rate Non-Preferred Senior Notes 2018 due 2023 (Series 3184A, ISIN Rule 144A: US74977RDD35, ISIN Regulation S: US74977SDD18).

Published: 14 December 2018, 18:15 CET

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Investor News Fri, 14 Dec 2018 14:47:48 GMT 258879
<![CDATA[Rabobank data in EBA publication]]> https://www.rabobank.com/en/investors/irnews_research/investor_news/2018/20181214-rabobank-data-in-EBA-publication.html?utm_medium=RSS Coöperatieve Rabobank U.A. notes the announcements made today by the European Banking Authority and the European Central Bank (ECB) regarding the information of the 2018 EU-wide Transparency Exercise and fulfilment of the EBA Board of Supervisors' decision.

At its meetings in February and April 2018, the EBA Board of Supervisors approved the package for the 2018 EU-wide Transparency Exercise, which since 2016 is performed on an annual basis and published along with the Risk Assessment Report (RAR). The annual Transparency Exercise is based solely on COREP/FINREP data on the form and scope to assure a sufficient and appropriate level of information to market participants.

The templates were centrally filled in by the EBA and sent afterwards for verification by banks and supervisors. Banks had the chance to correct any errors detected and to resubmit correct data through the regular supervisory reporting channels.

Published: 14 December 2018, 18:15 CET

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Investor News Fri, 14 Dec 2018 11:51:22 GMT 258863
<![CDATA[Annet Aris appointed to Rabobank Supervisory Board ]]> https://www.rabobank.com/en/investors/irnews_research/investor_news/2018/20181212-annet-aris-appointed-to-rabobank-supervisory-board.html?utm_medium=RSS The General Members Council of Rabobank has appointed Annet Aris as a member of the Supervisory Board. Annet Aris (1958) studied Agricultural Science and Land Development at the University of Wageningen and obtained an MBA from INSEAD Business School. From 1985 to 2003 she worked as a consultant and partner at McKinsey in Amsterdam, London and Munich. Since 2003 Annet Aris has been a faculty member at INSEAD where as Senior Affiliate Professor of Strategy she lectures on topics including ‘Digital transformation of society, industries and companies’. Annet Aris is a member of the Supervisory Board of other organizations including Randstad N.V., ASML N.V. and Jungheinrich AG.

Annet Aris has been appointed for a four-year term. The General Members Council has also reappointed Arian Kamp to the Supervisory Board for a second four-year term. Arian Kamp joined Rabobank’s Supervisory Board in 2014.

Chairman of the Supervisory Board Ron Teerlink: “We aim for a balanced composition in the Supervisory Board. Annet Aris brings in-depth knowledge of digital transformation and innovation and is a valuable addition to our team.”

The Supervisory Board of Rabobank is comprised of Ron Teerlink (Chair), Marjan Trompetter (Vice Chair), Annet Aris, Irene Asscher-Vonk, Leo Degle, Petri Hofsté, Arian Kamp, Jan Nooitgedagt and Pascal Visée.

Published: 12 December 2018, 18:15 CET

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Investor News Wed, 12 Dec 2018 18:15:00 GMT 258827