press releases press releases en <![CDATA[Rabobank offers embedded Flexible Financing to sales partners]]> In a new initiative with, Rabobank is offering quick access to financing to Dutch entrepreneurs who sell via the popular online retail platform. Through this collaboration, sales partners can discover their borrowing options, including flexible repayment terms, within 15 minutes. In recent years, has grown into the largest online retail platform in the Benelux where more than 43,000 local entrepreneurs now sell their items. Rabobank’s Flexible Financing initiative makes it easier for partners to grow quickly, thanks to the availability of flexible working capital. This is the first time Rabobank and have worked together in this way. Hundreds of partners are expected to access finance using this initiative as early as 2021.

Uniquely, Rabobank uses sales data, with the prospective borrower’s permission, in order to make quick lending decisions. This saves the partner a lot of work and time. Thanks in part to the available sales data, the bank can determine within 15 minutes how much the partner can borrow and under what conditions. The loan is then concluded between Rabobank and the borrower. To be eligible for Flexible Financing, partners can bank with Rabobank, ING or ABN AMRO. does not receive a commission on loan applications.

The repayment terms take into account the actual turnover of the partner. They can pay off the loan from Rabobank within 3 to 12 months. The loan can be used, for example, for investments in stock to absorb so-called “seasonal peaks,” such as summer sales spikes in barbecues or air conditioners.

Marcel Gerritsen, Director of Strategy & Innovation Commercial Banking at Rabobank: “As a cooperative bank, we want entrepreneurs to bank in the way that suits them best – and where it suits them best. For example, by offering our services through accounting programs and sales platforms where entrepreneurs conduct their business on a daily basis. That saves them a lot of time. We call this “banking as a service.” Once the entrepreneur gives permission to share their data with us, we can immediately calculate what is financially possible. The actual turnover then determines the financing costs. Our partnership with is a good example. We strengthen each other and help’s partners to grow. As a trusted and established bank, we are fully equipped to handle money and data with great care. This offers users confidence and certainty.”

Margaret Versteden, Director of Platform at “ is a platform is a platform for entrepreneurs. Sixty percent of our turnover is now done by partners of That is more than 43,000 partners and we actively support them in successfully selling through our platform. believes in the power of collaboration, because only together with our sales partners can offer its customers the best shopping experience. We are happy to work with established, local parties who develop additional services for our sales partners. Rabobank is a good example in the field of financing. The sales history of partners can now help them obtain a flexible loan that is unique in the Dutch market. This financing helps partners to cope with seasonal peaks more easily.”

  • The sales partner fills in details about their company and the desired loan amount. They then link to their sales data and give permission to share transaction data from relevant bank accounts (from Rabobank, ING or ABN AMRO). Finally, the sales partner shares some financial data from their most recent final annual figures. With this information Rabobank can quickly calculate financing possibilities. Here you can find all the conditions.
  • The sales partner looks at the indicative offer. It contains the amount for which they are eligible, the interest and closing costs, duration, minimum repayment and conditions.
  • Does the sales partner want to receive a final offer? Then they can send the request. Rabobank will then contact them within 1 working day to schedule a video call. In the video call, the sale partner discusses the application and can ask questions. If the sales partner is not yet a Rabobank customer, the process of becoming a Rabobank customer will also be completed. The sales partner does not have to switch from his or her current bank and no additional costs are involved.
  • If everything is in order, the sales partner signs the financing agreement and the loan is paid into their account within 4 working days.
  • The sales partner pays off the loan within 3 to 12 months. The repayment terms are determined on the basis of turnover via and automatically debited from the borrower’s account by Rabobank.

Published: March 35 2021, 07:00 CET

Press release Thu, 25 Mar 2021 07:00:00 GMT 291575
<![CDATA[Rabobank publishes Annual Report 2020]]> Today, Rabobank published its Annual Report 2020, ESG Facts & Figures, Pillar 3 and additional disclosures.

“The severe Covid-19 crisis demanded the very essence of what a cooperative bank with a mission stands for: to contribute substantively to the significant transitions that are shaping the world we live in. As a meaningful cooperative our contribution to society last year was first and foremost to focus on the immediate needs of our clients. But we were also able to accelerate the delivery of our strategy during the pandemic. We improved digital service to our clients and members with new innovations in our Rabo App, building on the foundations laid in recent years. Next to that, as a bank committed to making global food supply chains more sustainable, we played an important role in the green financing of our global clients and supported farmers around the world in their shift to more sustainable food production. We also intensified and accelerated our contribution to sustainable housing in the Netherlands.”

In addition to the annual figures Rabobank published its Impact report 2020 (Our impact in 2020) on 11 February 2021. In this report, Rabobank provides insight in the bank’s environment, its strategy and accompanying results and the way the bank creates value for its stakeholders.  For this report, Rabobank used the International Integrated Reporting Framework.

Published: March 11 2021, 07:30 CET

Press release Thu, 11 Mar 2021 07:30:00 GMT 290634
<![CDATA[Rabo Frontier Ventures invests in Wefarm]]> LONDON, United Kingdom – March 9th, 2021 – Rabo Frontier Ventures has invested in Wefarm’s Series-A Plus round, led by Octopus Ventures. The world’s largest platform for small-scale farmers will expand its SMS service into an online platform, following this $11 million Series A-Plus round. Since 2015, Wefarm has provided 2.5 million farmers with a free, AI-driven SMS tool to connect them with each other and a trusted marketplace. This platform expansion marks a new moment of connectivity for hundreds of millions of farmers worldwide.

The $11mn round was led by Octopus Ventures, with participation from new and existing investors, including True Ventures, Rabo Frontier Ventures, LocalGlobe, June Fund and AgFunder. This round of investment brings Wefarm’s total funding to $31 million.

“Millions of smallholder farmers already use Wefarm to improve the output of their farms, and Wefarm is well on its way to further unlock their enormous potential. With this round Wefarm will continue to add new farmers to the platform and further build out their digital smallholder ecosystem”, says managing partner RFV Jeroen van Doornik.

“Wefarm is building the definitive platform and network for the world's biggest vertical,” said Wefarm Founder and CEO, Kenny Ewan. “This is perhaps the largest community on Earth and yet it’s been vastly underserved by tech. Today, the community is ready to expand into an online space with us. We have years of learnings and millions of data points to strengthen our first-mover advantage as we build the online expansion of Wefarm for hundreds of millions of farmers.”

This investment enables Wefarm to supercharge the development of its online platform and marketplace, so it can continue to connect farmers to the knowledge and resources they need to succeed at scale. Over the last few years, Wefarm’s model has become more important than ever. The platform is enabling farmers who are vital for the world’s food production to connect with one another and leverage the power of their community. Using Wefarm, millions of farmers can combine their knowledge and buying power as they tackle global challenges that are impacting their yields such as climate change, limited soil fertility and growing demands for food worldwide.

Wefarm’s platform enables farmers to connect to their community, so they can know more, buy smarter, and sell better. The goal of the company is to rewrite global supply chains and enable the world’s 400 million small-scale farmers to fulfill their economic potential. To do so, Wefarm is building the definitive platform and network for the world's biggest vertical. Wefarm’s platform enables farmers to share knowledge for free, and access a marketplace of trustworthy retailers and brands. The platform is free for farmers to use, and can be accessed online or via SMS.

To date, 2.5 million farmers have connected with one another for free and without access to the internet via the Wefarm SMS platform. The company pioneered this offline technology for the market in 2015. Over 37 million knowledge-sharing conversations have taken place on the Wefarm SMS service, while the marketplace has generated $29 million in sales. The online expansion of the SMS service features a forum-based platform. This enables farmers to form value-chain groups, lead multi-way conversations, and combine their buying and selling power to gain a more favourable position in global markets.

RFV is a €150 million investment fund of Rabobank, focusing globally on innovative Fintech and Agtech companies. RFV aims to invest directly in the early growth stage (series B) of companies that are disrupting or influencing the current business of Rabobank and indirect in leading general tech funds such as Greyhound Capital, Holtzbrinck, Northzone, Speedinvest and Valar Ventures.

Published: March 9 2021, 17:00 CET

Press release Tue, 09 Mar 2021 17:00:00 GMT 291263
<![CDATA[Barbara Baarsma appointed CEO of the Rabo Carbon Bank]]> On March 1, Barbara Baarsma, current chair of Rabobank Amsterdam, will start as CEO of the Rabo Carbon Bank. This new business initiative is developing propositions that will enable customers to contact the bank not only for financial transactions but also for buying and selling CO2 credits. The Carbon Bank develops projects that store CO2 in the trees and soil, in cooperation with farmers. The bank then mediates between parties that store CO2 and companies that want to reduce or compensate for their emissions. Under Baarsma’s leadership, Rabobank will accelerate and develop this initiative.

Rabobank launched its first Carbon Bank product on January 29, 2021: an agroforestry initiative in African countries. This initiative focuses on tree planting by 15 million small-scale farmers. By 2025, the goal is to capture about 150 megatons of CO2 equivalents (about 0.5% of annual global emissions). These farmers sell the units of bonded carbon to large corporates, which can compensate for their emissions. This CO2 storage not only provides farmers with a new source of income, the trees planted also improve their agricultural land and generate additional income through, for example, fruit harvesting.

"Monetary appreciation of environmental goods has always fascinated me as an economist. My thesis at university was about it and I did research on how goods, which are not priced on the market can be priced with a price tag," says Barbara Baarsma. "That’s what the Rabo Carbon Bank is all about. It’s a bank where not money but carbon is the currency. It is fantastic that I can do this as a Rabobank banker."

Baarsma: “As a banker I feel like I’m a servant of the real economy. With the Rabo Carbon Bank we are realizing a new business model for the bank with which we can accelerate the movement toward a climate-neutral economy and stimulate a future-proof food system. This is an excellent opportunity for our cooperative bank. We are active throughout the food value chain. Not only do we have a global network in Food & Agri sectors, we also serve the major players in the market who want to address their CO2 emissions. We will work together with them to reduce their emissions and offer them validated CO2 storage capabilities with the Carbon Bank.”

“In order to achieve the Paris climate goals, it is essential that companies become more sustainable and reduce their net CO2 emissions to zero,” says Wiebe Draijer, chairman of Rabobank’s managing board. “Everyone has their role to play. Rabobank does this, among other things, by focusing on carbon banking. Thanks to Barbara’s expertise and determination, we can drive and strengthen this new development within the bank.”

Berry Marttin, member of the group board and responsible for Wholesale & Rural: “I’m delighted to have Barbara on board. In the near future, we will further set up and expand the Rabo Carbon Bank with various projects and initiatives. Ultimately, we want to involve the entire value chain in this movement.”

Baarsma has been the chair of Rabobank Amsterdam since January 1, 2019. The process for finding her successor has started.

Curriculum vitae Barbara Baarsma

Barbara Baarsma joined Rabobank in 2016. Until 2019 she was Director of Knowledge Development and responsible for RaboResearch. In this capacity, she developed the Rabobank-wide knowledge agenda and the design for the knowledge organization. From 2019 to March 1, 2021, she was chair of the executive board of Rabobank Amsterdam. In addition to her work at Rabobank, Baarsma is professor of applied economics at the University of Amsterdam. She is also chair of the Bank Council of DNB and a member of the Monitoring Committee Corporate Governance, the Dutch Committee for Entrepreneurship and the Advisory Board of the Taskforce Korte Keten (short chains). From 2012 to 2019 she was crown member of the Social Economic Council (SER).

Published: February 15 2021, 06:00 CET

Press release Mon, 15 Feb 2021 06:00:00 GMT 288992
<![CDATA[Rabobank posts net result of EUR 1,096 million for 2020 in the face of a Covid-19-dominated year for society, customers and employees ]]> Covid-19 and its economic turbulence impacted Rabobank’s customers significantly in 2020. Rabobank supported them while maintaining its solid capital and liquidity position. This has provided evidence of the bank’s ability to absorb the 2020 Covid-19 impact and shows the bank is ready for forthcoming impacts in 2021. Rabobank posted a net result of EUR 1,096 million in 2020.

“Covid-19 was and is the most significant health crisis of our generation. Its effects on our customers, our employees and societies at large have been dramatic. And this is still ongoing. From health threats to lockdowns, Covid-19 continues to dominate people’s lives, businesses and the global economy. Crises call for rapid response and adaptation. And this is what Rabobank has demonstrated during 2020 and will continue to do in 2021.

Our primary focus has been the availability of our banking services and supporting our customers in their immediate continuity needs. In these extreme times, Rabobank adapted to customer demands, providing temporary financial relief for those in need. We’ve been able to support around 8,000 private customers and 79,000 business clients. Despite the immediate effects these circumstances have had on the bank in financial terms, Rabobank proved to be well capable of dealing with this situation.

At the same time the severe Covid-19 crisis demanded the very essence of what a cooperative bank with a mission stands for: to contribute substantively to the significant transitions that are shaping the world we live in. As a meaningful cooperative our contribution to society last year was first and foremost to focus on the immediate needs of our clients. But we were also able to accelerate the delivery of our strategy during the pandemic. We improved digital service to our clients and members with new innovations in our Rabo App, building on the foundations laid in recent years. Next to that, as a bank committed to making global food supply chains more sustainable, we played an important role in the green financing of our global clients and supported farmers around the world in their shift to more sustainable food production. We also intensified and accelerated our contribution to sustainable housing in the Netherlands.

At the heart of many of our achievements in this past year was the contribution and leadership of our more than 40,000 employees around the world. They adapted, worked from home and are still coping with the consequences. Our people deserve extra gratitude for their role and contribution in this difficult year.”

Covid-19 significantly affected the financial performance of Rabobank. The 2020 net profit is a reflection of that. At EUR 1,096 million in profit, our 2020 net profit dropped by 50% compared to last year. The effect of Covid-19 was primarily visible in the level of impairment charges, which rose to EUR 1,913 million (2019: 975 million), equivalent to 46 basis points of the average loan portfolio. The timely and collective action of governments, regulatory bodies and Rabobank itself was instrumental in mitigating and delaying the immediate effect of Covid-19 on our clients. The bank does expect, however, a deterioration in the credit quality in the business loan portfolio in the course of 2021, which is reflected in the higher level of impairment allowances. The credit quality of Rabobank’s residential mortgage loan portfolio remained strong. And apart from a number of subsectors, the Food & Agri sector seems to be less impacted by this crisis.

Total income was down as a result of lower economic activity and negative asset revaluations, but the decline can also be attributed to the persistent low interest rate environment. Despite the fact that Rabobank was able to further reduce its costs, the cost/income ratio has increased to 65.8% (2019: 63.3%). The Return on Equity decreased to 2.7% (2019: 5.3%).

The loan portfolio decreased slightly from EUR 418 to 409 billion, mainly because of currency fluctuations. In real terms, the Food & Agri portfolio remained stable at EUR 105 billion. Furthermore, Rabobank remained market leader in the Dutch residential mortgage market with a marketshare of new production of 22%. Deposits from retail and wholesale customers rose sharply by 7%, which is in line with the general trend in the Dutch savings market as a consequence of Covid19.

Thanks to a longstanding strategy of strengthening the balance sheet, Rabobank’s financial buffers have proven able to withstand an economic downturn with large-scale impacts on clients. Even after a year of the pandemic, the capital position remains rock-solid and secure. The CET 1 ratio increased to 16.8%. Due to the extraordinary circumstances, Rabobank made an exceptional distribution to certificate holders in the form of Rabobank Certificates instead of a cash payment.

On December 15, 2020 the European Central Bank (ECB) issued a recommendation to banks to refrain from or limit dividends until at least September 30, 2021. Rabobank announced on December 21, 2020 that it will adhere to the recommendation, and that it will discuss the prudence of any distributions on Rabobank Certificates prior to September 30, 2021 with the ECB. Rabobank hereby announces its intention at its full discretion, to make a quarterly distribution of EUR 0.13674 per Rabobank Certificate on March 29, June 29 and September 29, 2021 respectively. Rabobank has the intention to revert to its payment policy in case the ECB withdraws any recommended limitations on dividend distribution. At that time Rabobank will - at its full discretion – decide on any future distributions thereby considering whether it is prudent to make a distribution, and if so, the level of such distribution.

In his outlook, Wiebe Draijer stresses the importance of further strengthening the core of the bank while continuing to expand and leverage our franchise: “The pandemic is far from over, with the virus mutations causing a new surge of casualties and governmental measures. It will have a burdensome impact on everyone. Many of our customers will be in need of financial support. Rabobank stands ready to support these customers with fitting solutions.

The low interest rate environment, tightened legislation and digitization also affect the banking landscape deeply. In the context of this difficult environment, we will maintain focus on further improving our operational and financial performance. In order to better serve our customers at lower costs, we launched a program of continuous improvement for the coming years by which we will optimize our cost/income ratio. The foreseen transition is an extension of the ongoing improvements we have been making in recent years. This is expected to result in an average annual reduction of our workforce by 1,000 FTE over the next 5 years. A mix of regular outflow, reduction of external FTEs, whereas redeployment within Rabobank will partly mitigate the impact on forced leaves.

It’s part of Rabobank’s ongoing change and improvement process to respond to the current challenges and prepare for the future. We will accelerate use of digital channels and invest in innovative solutions and mobile service locations and concepts. Accordingly, we will downsize our traditional branch network in the Netherlands in the coming years. In our Wholesale & Rural business we will further simplify and enhance our operating model and footprint. We foresee growth opportunities in Food and Agri and leasing, focusing on the transitions in food, the energy sector and sustainability at large. Above all, we will stay close to our clients in their communities, all around the world.

Our role as gatekeeper of the financial system is still our top priority. The total number of specialists dedicated to Know Your Customer (KYC) activities worldwide increased to 4,000. In 2021, we further invest in our KYC activities and advanced technology, which will increasingly enable us to detect transaction patterns that were not visible before. We will also expand our collaboration with other banks and public-private partnerships. In September 2018 Rabobank received an injunction (Last onder Dwangsom) from the Dutch Central Bank (DNB) ordering Rabobank to improve its KYC. Commencing from 1 April 2020, DNB carried out an investigation and concluded that Rabobank did not meet the requirements of the injunction. As a result, a penalty (dwangsom) of EUR 500.000 has been forfeited. We already took a provision for this amount in H1 2020. Building a robust and futureproof KYC organization that meets all aspects of regulations is an ongoing process and has our utmost attention.

If there is any certainty about the year ahead, it is that further adaptation to the changes following the Covid-19 developments will be needed. As a leading bank in the transition to a sustainable world, we will continue to help our clients in this difficult second year of Covid-19, but also focus on accelerating the profound sustainable transitions in food, energy and housing.

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.

Published: February 11 2021, 07:30 CET

Press release Thu, 11 Feb 2021 07:30:00 GMT 288876
<![CDATA[Rabobank to announce initiative to tackle global CO2 challenge while enhancing farmers’ businesses]]> Utrecht, January 29th – Today Rabobank launches an agroforestry initiative aimed at sequestering CO2 while enhancing smallholder farmer practices in developing countries. This online platform connects large corporates looking to offset their emissions with smallholder farmers who are sequestering carbon through agroforestry. The initiative also helps farmers improve their business model by transforming monoculture farming into future-proof agriculture.

This initiative connects farmers to corporations to match supply and demand of sequestered CO2. By planting trees on their land, farmers in developing countries can offer the CO2 sequestered by their trees to large corporates on a platform developed by Rabobank in cooperation with Microsoft. Companies can purchase the sequestered CO2 to offset their own emissions. The initiative was founded on Rabobank’s roots in agriculture and Microsoft’s roots in technology, with plans to integrate remote sensing, AI and Machine Learning. The goal is to create a global and transparent platform to empower farmers while building a scalable climate change solution. The platform is expected to launch in 2022.

What is unique, is that the CO2 has already been absorbed, the trees have split the carbon (C) from the oxygen (02) and converted the carbon into growth of their biomass. Companies specialized in remote sensing technologies measure the delta in biomass in the past year, creating transparency on how much carbon is sequestered. For participating farmers, their business model improves on several fronts: by planting trees next to their crops such as mango, avocado and acacia, they apply a more resilient farming method improving soil nutrients and water levels, with less risk of yield loss due to climate and weather events.

In a pilot phase in sub-Saharan Africa, hundreds of smallholder farmers have planted more than 50,000 trees in the past year with the cooperation of Rabobank. As of 2025, this agroforestry project aspires to sequester 150 Mt of CO2 emissions annually. By then, 15 million farmers in sub-Saharan Africa are targeted to be enrolled in the project, amounting in an area of agroforestry three times the size of the Netherlands. Participating farmers come from the network of Rabo Foundation, which is affiliated with various African smallholder farmer cooperatives. Additionally, Rabobank can provide pre-financing for the planting of trees. Farmers will already benefit by selling sequestered CO2 as the trees are not yet producing fruit.

“In order to reach the goals of the Paris Climate Agreement, it is essential that businesses operate in a more sustainable way to reduce carbon emissions to zero,” said Wiebe Draijer, Chairman of the Managing Board at Rabobank. “This has to be done as quickly as possible. Every sector, every company and every individual has a role to play. Still, every gram of emissions until the zero emission objective of 2050 is reached, has a negative effect on climate and biodiversity. We need negative emission/carbon dioxide ‘removal.’ The agroforestry initiative curbs climate change, as compensation for emissions that cannot currently be avoided. The beauty of this project lies in linking it to climate-proofing and future-proofing the food system, truly connecting the dots for us as a cooperative bank in Food and Agriculture.”

Following this pilot phase, the next steps in the partnership with Microsoft will be scaling up the number of involved agroforestry projects and engaging certifiers. New parties can make use of this compensation option starting in 2022. Purchased compensation is not tradable.

Published: January 29 2021, 08:00 CET

Press release Fri, 29 Jan 2021 08:00:00 GMT 288720
<![CDATA[20,000m2 artwork GROW by Daan Roosegaarde highlights the beauty of agriculture]]> Daan Roosegaarde’s latest artwork GROW is an homage to the beauty and importance of agriculture. In the world film premiere GROW appears as a luminous dreamscape. Red and blue lights wash like waves over an enormous field surrounded by darkness. The artwork is part of the artist-in-residence program of Rabobank and premieres today. GROW is inspired by science exploring how certain “recipes” of light can improve plants’ growth and resilience.

Most of the time we hardly notice the huge areas of the Earth which are literally feeding us. GROW highlights the importance of innovation in the agriculture system: How can cutting-edge light design help plants to grow more sustainably? How can we make the farmer the hero? GROW is an artwork and a prototype of a more sustainable way of growing food. It shines specific light recipes to show and enhance the beauty of agriculture.

GROW consists of a design-based light recipe which shines vertically across 20,000m2 of farmland with leek plants (Allium porrum). You experience the artwork as “dancing lights” across the huge agricultural field. The light is poetic, and inspired by photobiology light science technologies which have shown that certain recipes of blue, red, and ultraviolet light can enhance plant growth and reduce the use of pesticides by up to 50%.

The film GROW shows the development of this luminous dreamscape and how the beauty of light can help plants. It is also a call for enlightenment during these dark times. GROW can be good for nature but also sends hopeful light to people. It gives a new meaning to the word ‘agri-culture’ by reframing the landscape as a living cultural artwork.

GROW is part of the artist-in-residence program that  Rabobank has been hosting for a number of years. The program is based on the belief that, through the open exchange of ideas, employees and artists can learn from each other and make a positive contribution to society.

Daan Roosegaarde and his team of designers and experts developed GROW over two years, informed by expert knowledge sessions at Studio Roosegaarde, Wageningen University & Research, Springtij Forum, and the World Economic Forum in Davos. It is the first in a series of dreamscapes by Studio Roosegaarde which show the beauty of combining art and science to create a better world.

Published: January 18 2021, 07:00 CET

Press release Mon, 18 Jan 2021 07:00:00 GMT 288336
<![CDATA[Rabobank closes transactions with de-risking by AGRI3 Fund]]> Rabobank, the bank specialized in financial solutions for agribusiness, in partnership with the AGRI3 Fund has just closed two transactions with de-risking by the fund. The AGRI3 Fund, initiated by UN Environment Programme (UNEP) and Rabobank, facilitates collaboration between public and private parties and aims to unlock USD 1 billion in capital to speed up investment in farms that pursue more sustainable practices, including forest protection and improving rural livelihoods.

Accelerating the transition to sustainable agriculture is a key facet of Rabobank’s mission, “Growing a better world together”. Prior to the new transactions with de-risking from the AGRI3 Fund this month, the bank conducted two pilot transactions in Brazil to develop a financial structure other clients could replicate for their sustainable initiatives.
“We are happy to announce now the closing of transactions with two of our clients,” says Hans Loth, Rabobank’s Global Head UNEP Partnership. “We want to help food producers worldwide make necessary improvements in sustainability. It is intended that these investments will serve as proof of concept to the wider community of banks, other financial institutions and value chain partners. Together with our partners at the AGRI3 Fund, we aim to expand the adoption of sustainable practices across agricultural and financial value chains.”
Brazil (USD 5 mln, 10 years)
Forest protection and renovation of degraded pastureland in Mato Grosso
By linking financing for pastureland renovation with forest protection, Rabobank and AGRI3 will make it possible for Grupo Carvalho Dias in Brazil to grow more sustainably. A new transaction provides financing for forest replanting, forest protection (2581 ha) and renovation of degraded pastureland (1200 ha) in line with recognized E&S guidelines, which will enable cattle growth without clearing new land. The goal is to increase profitability while accelerating compliance with Brazil’s strict Forest Code legislation. This innovative structure – which includes de-risking over a longer repayment period – offers a replicable model for financing next-level sustainable investments in non-cash-generating activities, like forest protection. 
Grupo Carvalho Dias sees the partnership as an opportunity for the sustainable development of its production in the long term. “We are committed to protect our forests as well as sustainably recover our pasturelands but we realized that we had a capital gap. We have found in AGRI3 the possibility to fill that gap and Rabobank was essential to conclude this transaction. From the beginning, the entire team went to great lengths to carry out this deal and we are very happy to be part of this exclusive and unique transaction in Brazil”, says Weslei Maio Ramos and Edson da Silva, Managers of the Grupo Carvalho Dias.
China (USD 10 mln, 3 years)
Sustainable pepper farming in the larger Chongqing region
In Chongqing municipality, many rural smallholder famers live in poverty, growing low-yield crops without much economic return. De-risking from the AGRI3 Fund will enable Rabobank to provide a loan to Chongqing Agricultural Chain Corporation Ltd., a large farm inputs company.
By providing access to financing, training and high-quality inputs and by selling at a guaranteed price, this loan helps to reach the project’s ambition to enable farmers to switch from poor yielding crops to more lucrative and sustainable pepper cultivation. This can increase the income up to 80,000 farmers.
The project also will work with CACC and partners to create a training program to encourage more sustainable practices amongst smallholders. In this transaction, Rabobank, AGRI3 and Chongqing Agricultural Chain Corporation Ltd. are teaming up to increase the company’s environmental and social standards, with an eye on developing a new quality standard for pepper growing in China. 
“We want to thank Rabobank and AGRI3 for supporting the ‘Poverty Alleviation’ program in Western China with this transaction“, says Tao Fugang, General Manager of Chongqing Agricultural Chain Corporation Ltd. “With joint support from Rabobank, local government and our company, farmers living in the vast mountainous areas of Southwestern China, who lack resources, advanced planting information and technology, are able to get access to modern planting technologies and concepts. This will enable them to change their planting habits and crops, and apply high-efficiency-low-residue agricultural inputs to achieve higher production and profit, and at the same time ensure the safety of themselves and the environment. This transaction is of great significance to us.” 
The Technical Assistance Facility of AGRI3 Fund supported making this deal “investment-ready” and is currently engaging with the client to offer support needed to fulfil the conditions of the deal and to maximize impact. 
About the AGRI3 Fund
The AGRI3 Fund is a partnership by Rabobank, UNEP, IDH, The Sustainable Trade Initiative and FMO. Investment Advisors are Mirova Althelia, FOUNT and Cardano Development. The Ministry of Foreign Affairs of the Netherlands is a donor of the AGRI3 Fund. 
Press release Tue, 22 Dec 2020 10:00:00 GMT 288197
<![CDATA[Rabobank adheres to the new ECB recommendation on dividend distributions]]> Rabobank will discuss with the ECB the prudence of any potential distributions in connection with Rabobank Certificates payable prior to September 30, 2021. This is in line with the ECB recommendation, as published on December 15, 2020. The discussions with the ECB could result in distributions that differ from the intended distributions according to the payment policy.

The ECB announced that significant credit institutions should consider not distributing any dividends or to limit such distributions until September 30, 2021. They recommend that during this period banks exercise extreme prudence when deciding on or paying out dividends. Given the persistent uncertainty about the economic impact of the coronavirus (COVID-19) pandemic a continued prudent approach remains necessary according to the ECB.

After finalizing the discussions with the ECB, Rabobank will determine in its full discretion any distributions on Rabobank Certificates. This could result in distributions that differ from the intended distributions according to the payment policy.

Rabobank continues to hold a solid capital position and a healthy Common Equity Tier 1 (CET1) ratio.

Rabobank will closely monitor further regulatory updates and recommendations, including the ECB’s announced evaluation of the economic situation and the possibility of dividend distributions after September 30, 2021.

Euronext Amsterdam and other trading venues may at any time change the trading mode for Rabobank Certificates after this and any future development. Further information about Rabobank Certificates and the trading mode as applied by Euronext Amsterdam is available on

Published: 21 December 2020, 08:30 CET

Press release Mon, 21 Dec 2020 08:30:00 GMT 286898
<![CDATA[Rabobank data in EBA Transparency Exercise]]> Coöperatieve Rabobank U.A. notes the announcements made today by the European Banking Authority and European Central Bank regarding the information of the 2020 EU-wide Transparency Exercise and fulfilment of the EBA Board of Supervisors' decision.

The EBA Board of Supervisors approved the package for the 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 will be 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, and to add specific information as required to further clarify individual data.

Published: December 11 2020, 18:00 CET

Press release Fri, 11 Dec 2020 18:00:00 GMT 287697
<![CDATA[Rabobank: Nederlandse economie en huizenmarkt doen het beter dan verwacht, sectoren herstellen in verschillend tempo]]> De Nederlandse economie en huizenmarkt doen het beter dan eerder verwacht. De tweede coronagolf zorgt weliswaar voor een nieuwe dip, maar deze is beduidend minder diep dan tijdens de eerste golf. Ook in vergelijking met de rest van de eurozone doet onze economie het relatief goed. Wel zijn er grote verschillen tussen sectoren, voor wat betreft de impact van de coronacrisis en mate en tempo van het herstel daarvan. Onze economie zal in 2020 met 4,2 procent krimpen om in 2021 en in 2022 met 2,4 procent te groeien. Ook de huizenprijzen blijven deze jaren stijgen, zij het iets minder hard dan in 2020. Dat schrijven economen en sectorspecialisten van Rabobank in een reeks vandaag verschenen publicaties.

De Nederlandse economie is tot nu toe veerkrachtiger gebleken dan eerder gedacht, zegt Ester Barendregt, hoofd RaboResearch Nederland. “Het herstel in de zomermaanden was relatief sterk, de werkloosheid is niet zo hard opgelopen als aanvankelijk verwacht en de woningverkopen zijn gestegen. De steunpakketten van de overheid hadden en hebben een cruciale rol in het beperken van de schade. Maar terwijl de economie nog niet eens volledig was hersteld van de eerste coronagolf, stond de tweede golf al voor de deur. Daarvan lijkt de economische impact wel minder groot. Zo valt de consumptie minder hard terug dan tijdens de eerste golf en zijn internationale waardeketens dit keer minder verstoord. We verwachten daarom een mildere terugval van de economische activiteit in het vierde kwartaal dan in de eerste twee kwartalen van dit jaar.”

In hun basisraming nemen de Rabo-economen aan dat coronavaccins vanaf het eerste kwartaal van 2021 beschikbaar zullen zijn en dat de Nederlandse bevolking vanaf dan gefaseerd kan worden ingeënt. Barendregt: “De coronamaatregelen kunnen dan naar verwachting geleidelijk worden versoepeld, waardoor de economische activiteit weer zal aantrekken. Wel nemen we aan dat de maatregelen ook in het eerste kwartaal van 2021 nog relatief streng zullen zijn. Daarmee zal het herstel volgend jaar mogelijk langzamer op gang komen dan afgelopen zomer.”

Een oplopende werkloosheid en lagere bedrijfsbuffers zullen het verdere herstel van de uitgaven van consumenten en bedrijven in 2021 nog remmen, stelt Barendregt. “Hoewel de export weer zal aantrekken vanwege breder mondiaal economisch herstel, zal de Nederlandse handel schade oplopen door de verslechtering van de handelsrelatie met het Verenigd Koninkrijk na Brexit. Voor 2021 verwachten we daarom dat de Nederlandse economie met 2,4 procent groeit. Daarmee is een deel, maar nog niet alle schade van de coronacrisis goedgemaakt. Dit economische herstel zal verder doorzetten in 2022. We denken dat de werkloosheid dat jaar weer daalt na een piek van zo’n 5,5 procent eind 2021 en dat de economische activiteit halverwege 2022 weer op het pre-coronaniveau ligt. De economie zal ook in 2022 vermoedelijk met 2,4 procent groeien.”

In hun sectorprognoses hebben de economen en sectorspecialisten een indeling in drie groepen gemaakt. Carin van Huët, hoofd Sectormanagement Bedrijven, licht toe: “Allereerst de hoofdsectoren die het hardst worden geraakt: horeca, vervoer & opslag en de overige zakelijke diensten, waaronder de reisbureaus vallen. Deze sectoren krimpen in 2020 naar verwachting respectievelijk 39, 14 en 16 procent. De drie sectoren groeien volgend jaar dan waarschijnlijk wel, maar komen van zo’n laag niveau dat een volledig herstel in 2021 uitblijft. Voor de sector horeca en recreatie verwachten we dat deze tot ver in 2021 te maken krijgt met beperkende maatregelen. Dit zal een volledig herstel in de weg zitten.”

Dan is er nog een groot aantal sectoren die dit jaar hun toegevoegde waarde gematigd zien slinken met percentages tussen de -2 en -6, gaat Van Huët verder. “Op basis van de snelheid van het herstel in het komende jaar kunnen wij deze tweede groep in tweeën splitsen. Het onderwijs, de zorg en de ICT herstellen in 2021 volledig, terwijl dat bij de industrie, de handel en de specialistische zakelijke diensten wat langer duurt. Waarbij de industrie herstelt door verbetering van de exportpositie. Aan de ontwikkelingen in de handel kun je zien dat we minder zijn gaan consumeren en tegelijkertijd andere dingen zijn gaan doen met ons geld. Zo is minder uitgegeven aan kleding en schoenen, terwijl bouwmarkten, tuincentra en meubelwinkels een groter deel van de taart hun kant op zagen komen. Voor 2021 verwachten we een omgekeerde beweging als consumenten gedeeltelijk terugkeren naar oude patronen.”

De derde groep bestaat uit de bouw en de landbouw. “In 2020 laten deze nauwelijks of geen krimp zien, maar die krimp is er in 2021 wel. De bouw is historisch gezien laat-cyclisch. Het lage aantal tenders en de weinige bouwvergunningen ondersteunen deze verwachting. Verder staat de landbouw tot op zekere hoogte los van de conjunctuur, waardoor deze sector dit jaar buiten schot bleef. Voor 2021 verwachten we echter ook hier krimp. Zo kampen foodservicekanalen wel degelijk met forse vraaguitval. Dat zorgt ervoor dat toeleveranciers van deze keten, zoals vleesverwerkers, hun capaciteit terugschroeven en minder producten afnemen van de primaire agrarische sector. Ook zetten de sterk stijgende grondstofprijzen het verdienmodel van de veehouderij onder druk”, aldus Van Huët.

Sinds de coronacrisis ziet Ester Barendregt een tegenovergestelde ontwikkeling op de Nederlandse huizenmarkt dan bij aanvang van de pandemie verwacht. “Dit jaar zijn de huizenprijzen namelijk zelfs harder gestegen dan vorig jaar. Gemiddeld zijn bestaande koophuizen waarschijnlijk zo’n 7,8 procent duurder dan in 2019. Dat lijkt niet alleen te liggen aan de overheidssteun waardoor de werkloosheid minder hard is opgelopen dan verwacht. Ook de emotie van de biedstrijd die tegenwoordig vaak om huizen woedt kan meespelen. Net als de toegenomen rol van woningbeleggers. Hoe bestendig deze laatste twee vraag- en prijsopdrijvende factoren in de toekomst blijven, is onzeker.”

Door de coronacrisis lijken woningkopers tot nu toe vaker op zoek naar grotere huizen, maar officiële verkoopcijfers laten nog geen versnelling van de trek naar het buitengebied zien, benadrukt de econoom. “Doordat de economische vooruitzichten zijn verbeterd, woningbeleggers nog altijd zeer actief zijn en de leennormen worden versoepeld, verwachten wij verder geen daling van de huizenprijzen meer. Wel verwachten we dat deze de komende jaren minder hard stijgen dan in 2020: voor 2021 gaan we uit van een stijging van 5,5 procent, voor 2022 van 2,5 procent. Onder invloed van de achterblijvende nieuwbouw en het beperkte aanbod verwachten we een daling van het aantal verkopen van zo’n 235.000 in 2020 tot circa 220.000 in 2021 en 210.000 verkopen in 2022.”

De publicaties zijn hier te vinden:
Economisch Kwartaalbericht:
Kwartaalbericht Woningmarkt:

Gepubliceerd: 10 december 2020, 01:00 CET]]>
Press release Thu, 10 Dec 2020 01:00:00 GMT 287679
<![CDATA[Rabobank announces a distribution in the form of Rabobank Certificates in early December 2020]]> The Executive Board of Rabobank has decided to make an exceptional distribution of the approximate equivalent of EUR 1.625 per Rabobank Certificate, in the form of Rabobank Certificates in early December 2020. This announcement is a follow-up on the intention to make such a distribution, as communicated on 21 October 2020.

The Executive Board made the decision about this exceptional distribution at its full discretion. Rabobank hereby informs holders about the details and relevant dates of the distribution. Rabobank Certificates will trade ex-distribution as of 4 December 2020 (ex-date) at Euronext Amsterdam. The record date will be 7 December 2020.

The number of Rabobank Certificates entitled to one new Rabobank Certificate (the distribution ratio) will be determined by dividing the volume-weighted average prices of all traded Rabobank Certificates at Euronext Amsterdam on 1, 2, and 3 December 2020 (VWAP) by the distribution amount of EUR 1.625. Rabobank will adjust the VWAP by reducing it by EUR 1.625. This will correct for the fact that the VWAP is based on prices prior to the ex-date, which still reflect the value of the upcoming exceptional distribution. If the number of new Rabobank Certificates to be distributed to a holder does not correspond to a whole number of Rabobank Certificates, the fractions shall be settled in cash.

The distribution ratio will be announced on prior to trading hours on 4 December 2020. New Rabobank Certificates will be issued and delivered to the clearing systems on 8 December 2020. Delivery of the new Rabobank Certificates and cash fractions (if applicable) to holders will take place as of 9 December 2020.

The newly issued Rabobank Certificates will have the same terms as, and will be fungible with current outstanding Rabobank Certificates.

The following timetable applies for Euronext Amsterdam. Different ex-dates could apply for other trading platforms.

4 December 2020 Announcement of the distribution ratio and ex-date
7 December 2020 Record date
8 December 2020 Issuance of new Rabobank Certificates
As of 9 December 2020 Delivery of new Rabobank Certificates and cash fractions to holders

Euronext Amsterdam may at any time change the trading mode for Rabobank Certificates after this and any future announcement of Rabobank. Further information about the Rabobank Certificates and the trading mode as applied by Euronext Amsterdam is available on

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.

Published: November 30 2020, 08:30 CET]]>
Press release Mon, 30 Nov 2020 08:30:00 GMT 287557
<![CDATA[Rabo Food & Agri Innovation Fund invests in chickpea protein Foodtech Company InnovoPro]]> InnovoPro, the plant-based ingredients innovator specialising in innovative chickpea proteins, has secured $18m from investors including Rabobank as part of a second funding round. The Rabo Food & Agri Innovation Fund, part of Rabobank’s investment arm Rabo Corporate Investments, joined InnovoPro's B round funding as the global food ecosystem continues to evolve in response to the COVID-19 pandemic. The deal, which was led by Jerusalem Venture Partners (JVP), Israels leading VC fund and also included in its second closing ICOS Capital, collaborative venture capital firm and iAngels, Israel's influential Angels investment platform, comes as consumers demand healthier and more sustainable clean-label plant-based solutions.

Based in Raanana, north of Tel Aviv, InnovoPro was founded in 2015. It developed a proprietary extraction process to concentrate protein from chickpea, a functional protein which can serve as a clean label enabler for plant-based products including dairy-free yoghurts, vegan ice cream, veggie burgers and energy bars.
InnovoPro is the first company in the world to develop and launch a revolutionary 70% protein concentrate from chickpeas, with exceptional properties of a neutral taste, high functionality and high nutritional values. InnovoPro’s innovative plant-based protein boasts multiple benefits, which explain its early success: it is “free from all”, has not been genetically modified (non-GMO), free of phytoestrogens, has no aftertaste and is not listed as an allergen. These properties render it highly suitable for developing a broad range of food products that meet a range of demands from diverse target audiences across the globe.
Food-tech investments reached $4.8 billion during the first half of 2020, compared to $7 billion in all of 2019, and the scope of investments is expected to continue to rise rapidly. This latest investment is a natural addition to Rabo Corporate Investment’s global capital investment allocation of Euro 2.1b. The investment will further strengthen its presence in the plant-based protein market which is currently estimated globally at $40 billion and is expected to grow at a CAGR of 11% to $75 billion by 2027.
Lower water usage
Richard O’Gorman, Managing Director of Rabo Food & Agri Innovation Fund said, “We first engaged with InnovoPro through the bank’s global startup discovery platform, FoodBytes! by Rabobank, and have followed their progress and success closely since. In line with the more informed and sophisticated consumer, novel plant based protein solutions are coming under greater scrutiny in the context of their nutrition and sustainability footprint. Chickpea with its high protein, fiber, iron and other characteristics leads to a more nutritious alternative and allows for cleaner labeling with no need for the emulsifiers, enhancers or masking agents necessary with competing analogues. Chickpea is a sustainable source, driven by crop characteristics such as comparatively lower water usage and carbon footprint with rotational qualities.
For these reasons we believe chickpea will be a leader in the next wave of non-animal protein sources. We are therefore very proud to back InnovoPro, the strong market leader in the space, and look forward to scaling the company with an expert management team and strong group of investors”.
New reality
“The COVID-19 crisis has created a new reality, positioning food security as an essential need”, said JVP Founder and Chairman, Dr. Erel Margalit, who led the funding round. “The significant decrease in world trade and in available employees on farms, creates the need to be self-sustainable at all times. Additionally, the COVID-19 crisis has raised worldwide awareness to healthier foods and better food processing standards. This has increased the need for creative sustainable solutions and innovation in the changing world of what we eat. InnovoPro has become a leader in the Israeli food-tech industry and is on the path to becoming a world food-tech leader”.
“We are honored to have Rabobank as a shareholder in InnovoPro” said Taly Nechushtan, CEO of InnovoPro. “InnovoPro will use the additional funding to scale up operational capabilities through increasing production capacity and for further business development activities, including forming joint ventures with strategic partners. As part of our sustainable growth strategy, we will also use the added funding to explore production collaboration options for our protein and future products in the EU, to expand our EU supply chain capabilities.
The Rabo Food & Agri Innovation Fund, being part of the leading bank in the food and agriculture financing arena, will leverage its significant global business network to facilitate more opportunities to form such strategic partnership.” 
Press release Thu, 29 Oct 2020 10:40:52 GMT 286993
<![CDATA[Rabo Food & Agri Innovation Fund invests in TeleSense Series B round]]> The Rabo Food & Agri Innovation Fund (RFAIF) announces its seventh investment of 2020 with a follow-on investment in the EUR 10.2m Series B financing round of US-based portfolio company TeleSense, investing alongside Finistere Ventures, Fulcrum Global Capital, UPL, Mindset Ventures and Artesian. The company also added Søren Wølck Schrøder (former CEO of Bunge), and Mark Palmquist (CEO of United Malt and former CEO of GrainCorp) to its Board of Directors.

RFAIF has continued its growth in recent months by adding new investments as well as supporting its current portfolio with follow-ons. Richard O’Gorman (MD of RFAIF): “Despite Covid-19, we have expanded our activity by adding exciting breakthrough food and agri disruptors to the portfolio. Telesense has made great progress since the Series A, and is at present rolling out commercially on several continents. With a strong investor syndicate and experienced names joining the board, we look forward to scaling the company further.”

Naeem Zafar, CEO of Telesense commented: “TeleSense was fortunate to have Rabobank as an early investor, joining the company at the Series A round in 2018. From the start, they have been engaged, helpful and supportive. Now that our company is in scaling mode, we look forward to engaging further with the richest network of growers worldwide who rely on Rabobank for financial services. There is a lot of synergy and common ground on how Rabobank supports their ag-centric clients and how TeleSense products provide technology to improve the grower’s bottom line through data-driven decision making and preventing post-harvest grain losses”.

This funding round enables the company to further scale to meet surging demand for its solutions that digitizes the post-harvest grain supply chain. Utilizing advanced IoT, real-time environmental monitoring, and cloud-based AI technology, the company helps major grain players to mitigate spoilage, reduce quality degradation, reduce energy costs and increase worker safety. Meeting the differing accessibility and scalability demands of both advanced and emerging economies, TeleSense helps manage key risks in the world’s perishable commodities supply chain. Its machine learning algorithms provide users with the smart alerts they need to effectively manage and predict grain quality, eliminate human error, ensure safety, improve operational efficiency, and increase profitability.

“Telesense is a demonstrated leader in the space and is aligned to  our mission and activity since we first supported it in 2018. The Telesense original vision to digitize the grain supply chain is being realized. The technology is more widely adopted and there is a growing consensus in the sector on the value proposition and the market need,” added Richard O’Gorman. “Bringing accelerated and sustainable efficiency to the food supply chain is a central theme in the investments we make.”

Press release Thu, 22 Oct 2020 14:48:20 GMT 286904
<![CDATA[Rabobank intends to make a distribution in the form of Rabobank Certificates at the end of 2020]]> Rabobank announces its intention to pay an exceptional distribution in the form of Rabobank Certificates in December 2020 to investors who are holding certificates on a to be specified future date. This will be the approximate equivalent of EUR 1.625 per Rabobank Certificate. This intended distribution is still subject to the full discretion of the Executive Board of Rabobank. Further details will be announced in due time.

On 13 August 2020, Rabobank announced that it is adhering to the extended ECB recommendation (published on 28 July 2020) and that it will not be paying any cash distributions on Rabobank Certificates during the full year of 2020. Concurrently Rabobank stated that it will carefully assess the possibility of making a distribution in the form of Rabobank Certificates. The bank has finalized this assessment and is now announcing its intention to make a distribution in the form of Rabobank Certificates in December 2020.

The intended distribution will in itself not impact Rabobank’s solid capital position, nor its healthy Common Equity Tier 1 (CET1) ratio. The bank will stay focused on maintaining a solid capital base to continue to serve clients as much as possible in these challenging times.

Bas Brouwers, CFO of Rabobank: ‘COVID-19 still has a major impact on the world and its economy. As a cooperative bank it remains our priority to support the economy and help our clients through this crisis. We also acknowledge the impact on both our retail and institutional investors of Rabobank adhering to the ECB recommendations. We consider the intended distribution in the form of Rabobank Certificates as an exceptional measure in these unprecedented times’.

The bank will closely monitor further updates and announcements from the regulators. Distributions on Rabobank Certificates are fully discretionary. The Executive Board of Rabobank can always decide whether or not a distribution will be made, as well as the level and form of distributions.

Euronext may change the trading mode for Rabobank Certificates after this and any future announcement of Rabobank. Further information about the Rabobank Certificates and the trading mode as applied by Euronext is available on

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.

Published: 21 October 2020, 17:50 CET

Press release Wed, 21 Oct 2020 17:50:00 GMT 265462
<![CDATA[Coöperatieve Rabobank U.A. launches its Tender Offer invitation to holders of its £250,000,000 Fixed/Floating Rate Perpetual Non-Cumulative Capital Securities]]> Coöperatieve Rabobank U.A. (formerly known as Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.) (the "Offeror" or "Rabobank") has today launched its invitation to holders of its £250,000,000 Fixed/Floating Rate Perpetual Non-Cumulative Capital Securities (ISIN: XS0368541032) (the "Capital Securities") to tender such Capital Securities for purchase by the Offeror for cash (such invitation, the "Offer").

The Offer is being made on the terms and subject to the conditions contained in the tender offer memorandum dated October 7, 2020 (the "Tender Offer Memorandum") and is subject to the offer restrictions described in the Tender Offer Memorandum. The full tender launch announcement and the Tender Offer Memorandum can be obtained from the tender agent: Lucid Issuer Services Limited / / +44 20 7704 0880.

Neither the Tender Offer Memorandum, this press release nor the electronic transmission thereof constitutes an offer to buy or the solicitation of an offer to sell Capital Securities (and tenders of Capital Securities for purchase pursuant to the Offer will not be accepted from holders) in any circumstances in which such offer or solicitation is unlawful. The Offer is not being made and will not be made, directly or indirectly, in or into, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of, or of any facilities of a national securities exchange of, the United States or to any U.S. Person (as defined in Regulation S of the United States Securities Act of 1933, as amended (each a "U.S. Person")). Further restrictions apply in relation to the United Kingdom, France, Italy and Hong Kong as set out in full in the Tender Offer Memorandum.

For more information, please contact:
Rabobank Press Office
+31 (0) 30 216 2758 or

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.

Published: October 7th 2020, 8:00 CET

Press release Wed, 07 Oct 2020 08:00:00 GMT 269439
<![CDATA[Rabobank first bank in the Netherlands to offer bank account for utility token]]> Rabobank facilitates the 2Tokens Foundation with a bank account. By doing so, Rabobank is the first bank in the Netherlands which facilitates payment for tokens. This is a big step forward in applying the concept of tokenization in society.

The 2Tokens foundation uses so-called utility tokens named “TWO”, which can be paid for with iDeal in euros as part of their partner offering. Partners can participate in a wide range of activities the foundation organizes regarding the concept of tokenization, including masterclasses, workshops and other events. Everyone with a Dutch bank account allowing iDeal payments, can become partner of 2Tokens therefore gain access to their exclusive events, educational materials and a unique network of knowledge.

2Tokens started as an EU subsidized project which delivers a clear set of rules and guidelines on how to deal with tokenization in the Netherlands. Tokenization is an innovation in the field of digital assets, which can be applied using blockchain technology. The behavior of these tokens is programmable. For example, the TWO token can only be spent once and has a limited lifetime. Because the utilization of blockchain technology it is impossible to forge tokens and it is therefore a safe means of value. Another application is the division of real estate in tokens which allows investors to share ownership in an efficient and transparent way. This also allows for a new form of micro-financing.

“We are happy with the substantive contributions from Rabobank, facilitating a bank account for the foundation helps us to support the Dutch token ecosystem even better.”- Alex Bausch, chairman 2Tokens Foundation

Next to Rabobank, CMS, Dusk Network, WatsonLaw, DataFlow, YES!Delft and regulators are involved in the 2Tokens initiative.

Rabobank has been actively participating in blockchain-based projects. The bank already offers two blockchain-based platforms to their clients ( and ). Furthermore, the bank works actively on applications for Food & Agri, real estate, identity and HR.

“As Rabobank we see a wide range of applications for tokenization. You could for example divide a real estate object or a start-up in really small pieces. With this innovative form of micro-investment, you could for example actually be the owning multiple small pieces of agricultural real estate starting at a young age.” – Djuri Baars, Lead Blockchain Team at Rabobank explains.

The project will be wrapped up with a virtal closing event on Thursday October 8th. Everyone who is interested can participate by registering at 2Tokens-website. During this event several use cases for tokenization will be presented next to the activities of the 2Tokens foundation.

Published: October 6th 2020, 10:00 CET]]>
Press release Tue, 06 Oct 2020 10:00:31 GMT 269408
<![CDATA[Rabobank next bank to introduce negative interest rates for balances over EUR 250,000 Euro]]> Rabobank is changing the interest rate for its current, savings and investment accounts because of the continuing low interest rates in the market. The rate change will take effect from 1 January 2021. From that date, a credit interest rate of - 0.5% will apply to both private and business customers for the portion of the credit balance over € 250,000. The interest will be calculated per account.

For private customers with a balance of less than € 250,000 nothing changes. Rabobank pays an interest rate of 0.01% on private savings and investment accounts up to € 250,000. On private current accounts, the interest rate will remain 0% for balances up to € 250,000.

Equally nothing will change for business customers with a balance of up to € 250,000. Rabobank pays an interest rate of 0.01% on business savings accounts up to € 100,000; above that, the interest rate is 0% up to € 250,000. On current and investment accounts, the interest rate will remain 0% for the part of the balance up to € 250,000.

Even after these adjustments, 98.7% of all private and business customers will still be exempt from negative interest rates. Rabobank would like to keep the numbers of customers in this group and the related thresholds as high as possible, but unfortunately cannot give any guarantees in view of continuing low interest rates.

Despite the fact that interest rates have been low for quite some time, customers are continuing to save. Rabobank strongly encourages this as financial self-sufficiency is high on our societal agenda. It is important for people to have a buffer for things like unexpected expenses, children’s education fees, the consequences of COVID or taking early retirement.

Published: September 30th 2020, 14:30 CET

Press release Wed, 30 Sep 2020 14:30:00 GMT 269375
<![CDATA[Rabo Food & Agri Innovation Fund (RFAIF) invests in Saga Robotics AS]]> The Rabo Food & Agri Innovation Fund announces its investment in the EUR 9.5m Series A financing round of the Norwegian based company, Saga Robotics AS, investing alongside the Norwegian sovereign climate investment fund, Nysnø Climate Investments and experienced sector investor ADM Capital.

Saga Robotics is the company responsible for the design, development, and production of the world-leading agricultural robot, Thorvald.  The Thorvald design offers a highly versatile modular platform to support environmentally friendly crop protection and harvesting applications for both indoor and outdoor growing environments. It’s autonomous functionality provides a high-tech, sustainable and economically viable alternative to manual processes to address the acute labour supply issues facing the global agricultural industry, specifically within horticulture. This investment will enable Saga to scale-up its commercial roll-out of Thorvald and support the launch of its new harvesting application.

Saga has already gained a reputation for the strength of its technology amongst international growers who are operating Saga’s UVC light application to treat mildew in soft fruit, where Saga’s UVC technology offers a cost effective and environmentally sustainable alternative to the use of conventional chemicals and supports an industrial move towards greener farming techniques. To leverage the modular design of the Thorvald platform, in addition to its harvester, Saga is also working on a pipeline of applications to broaden its service offering, maximise user ROI and limit integration requirements. This model will be instrumental in building user trust and scaling Saga’s technology.
Tom Ritchie, Investment Manager RFAIF, comments: “The adoption of automation in agriculture represents a multi-billion dollar industry and RFAIF are pleased to support a company with a vision so clearly aligned with Rabobank’s mission: Growing a Better World Together. Through Rabobank’s international network we look forward to supporting the future success of Saga Robotics AS”.

"We are very pleased that Rabo Food & Agri Innovation Fund has decided to join us on our journey to transform the agricultural industry and supports us in our vision to grow into a global business. The institutional knowledge that Rabobank brings into Saga creates a fantastic opportunity for growth in both existing and new domains. This investment will allow us to take the company to the next level and scale quickly. And we will take this opportunity to make sure our Thorvald robots improve farming operations around the world", says Pål Johan From, CEO of Saga Robotics.

Richard O’Gorman, Managing Director, RFAIF, added: “As a specialist food and agri investor, Rabo Food & Agri Innovation Fund is deeply aware of the increasing necessity for automation in driving efficiencies in how we grow and harvest our food. There are several aspects to the associated benefits, including improved labour, inputs, yield, cost and quality management and in turn tangible sustainability improvements. Given the progress and deep R&D capability shown to date, we are very proud to partner with Saga Robotics as they roll out more functionality on the base Thorvald robot and look forward to scaling the company together with a strong group of investors”.

Press release Tue, 01 Sep 2020 18:51:09 GMT 268974
<![CDATA[Rabo Frontier Ventures and Greyhound Capital team up for growth investments]]> Rabo Frontier Ventures (RFV) has entered into a partnership with Greyhound Capital through a commitment to their second fund, Greyhound Capital Partners II, L.P. Greyhound Capital is a growth equity investment firm focused on traditional industries where technology improves people’s everyday life.

RFV considers Greyhound Capital to be a perfect partner because of its focus on growth investments and complementary research-driven investment process in the areas of banking, software and insurance among others.

Greyhound Capital has proven to be a successful partner to world-class businesses through their subsector focus, strong network within the ecosystem and value creation initiatives helping build enduring companies.  Greyhound Capital’s strategy of targeting businesses of highest level of business and management quality has resulted in numerous success stories with investments in Revolut, Guideline, Freee, Careem, Brex, Marqeta, Coalition, N26, Toss and others.

“Greyhound Capital’s strategy and investment focus has proven itself and matches well with our strategy of investing in leading funds and working with general partners on selective co-investments. The existing portfolio proves that Greyhound Capital is a partner of choice to outstanding teams resulting in exceptional performance. Furthermore, the portfolio construction that Greyhound Capital continues to build appears to be very resilient to the COVID-19 environment, is very relevant to our space and we anticipate bringing our complimentary experience to benefit the entrepreneurs. The agile team set-up, combined with the strategy and focus makes Greyhound Capital a great partner for us” said Jeroen van Doornik, Managing Partner at RFV.

Greyhound Capital
Greyhound Capital is a growth equity investment firm focused on technology-enabled businesses in traditional industries that improve people’s everyday life. The firm seeks to partner with outstanding teams and support them in building enduring companies. Greyhound Capital backed companies include Revolut, Guideline, Freee, Careem, Brex, Marqeta, Coalition, N26, Toss and others.

Rabo Frontier Ventures
RFV is a €150 million investment fund of Rabobank, focusing globally on innovative Fintech and Agtech companies. RFV aims to invest directly in the early growth stage (series B) of companies that are disrupting or influencing the current business of Rabobank and indirect in leading general tech funds such as Greyhound Capital, Holtzbrinck, Northzone, Speedinvest and Valar Ventures.

Press release Tue, 18 Aug 2020 11:00:54 GMT 267942