press releases https://www.rabobank.com/Corporate/en/press/rss.html press releases en <![CDATA[Rabobank posts net interim result of EUR 1,571 million]]> https://www.rabobank.com/en/press/search/2022/rabobank-first-half-of-2022.html?utm_medium=RSS For the past months, the economy has been dominated by the effects of Russia’s war in Ukraine, global supply chain issues and the long term effect of Covid-19. Overall uncertainty caused rising food and energy prices worldwide, a steep increase in inflation and the first interest rate hikes by central banks in years. In this environment, Rabobank maintained a stable course, and posted a net result of EUR 1,571 million in the first half of 2022.

“The good economic conditions in the beginning of this year contributed positively to our half-year results. Uncertainty rose after the unlawful Russian invasion of Ukraine. First and foremost this has a horrific impact on the country and its citizens, living in the cruelty of war. Our thoughts are with the Ukrainian people.

“With each passing day, the global effects of the war become more visible and oppressive. Furthermore, economic volatility, inflation, scarcity of resources, and competition for talent are all affecting the work and daily lives of our clients to a greater or lesser extent. Meanwhile we face great transitions: in climate and energy, in food and on our path towards a more inclusive society. They are all global, complex and truly intertwined.

“Rabobank is in a position to facilitate change and progress in these transitions. For instance in Africa, which is currently facing a huge deficit in means to grow crops, affecting millions of people as they face severe hunger from food shortage. We continuously seek for solutions and partnerships that help feed the world sustainably. Furthermore, our Rabo Carbon Bank has been scaling up its pilots, and sold its first carbon credits arising from regenerative farming in the Netherlands. We’ve launched Carbon Insights in our Rabo App, where customers can track the CO2 emissions of every euro they spend, a novelty in the Dutch banking landscape. But also in the Netherlands where we aim to help our clients to create a future for agriculture that fits within the planetary constraints of a small country that is leading in the world of agriculture.

“The past half year has again been quite dynamic. I would like to thank our clients for their trust in Rabobank, and express my gratitude to our employees, my colleagues, around the world.”

Rabobank’s net profit in the first half of 2022 was EUR 1,571 million (compared to EUR 2,160 million in H1 2021). The sound business performance of 2021 continued in 2022 and contributed to the bank’s solid financial results. However, the war in Ukraine had an impact, which is visible in higher impairment charges on financial assets, mainly driven by Rabobank’s decision earlier this year to completely withdraw from Russia. This negative effect was partly offset by a release of unused Covid-19 provisions. As a result, impairment charges on financial assets amounted to EUR 42 million (2 basis points of the average loan portfolio) in the first half of 2022 (compared to a release of EUR 274 million in the first half of 2021).

Compared to the strong development of our total income due to economic tailwind in 2021, total income decreased by 3% in the first six months of 2022. Net interest income increased by 7%, driven by higher volumes and increasing interest rates. The increasing interest rates resulted in improved margins on savings, whereas margin pressure on the lending business in the domestic banking business was felt as well. Net fee and commission income continued to increase, mainly resulting from higher fees on payment accounts and higher fee income on assets under management. The strong performance of Rabo Investments continued in 2022, although the results were lower compared to the exceptional performance last year. In addition, due to the volatile environment the valuation of equity participations negatively impacted financial results in the first half of 2022, whereas it positively contributed to Rabobank’s results in the same period last year. Expenses were 5% higher, mainly driven by an increase in staff costs as a result of additional staffing needs for KYC and IT. Despite continued efficiency measures and taking into account further inflationary effects, pressure on the overall cost level is expected to continue in the coming period.

Rabobank’s loan portfolio increased by EUR 15.4 billion to EUR 432.6 billion, also driven by FX effects. The Food & Agri portfolio increased by 10% to EUR 113.2 billion. The position in the Dutch residential mortgage market remained solid with a 16% market share of new production and a slightly increased mortgage loan portfolio of EUR 193.3 billion. Deposits from retail and wholesale clients increased by EUR 13.1 billion.

Overall, lower income and higher expenses led to an increase in the Rabobank’s cost/income ratio to 63.5% (H1 2021: 58.0%). The Return on Equity amounted to 7.0% (H1 2021: 10.4%). As a result of the implementation of the macroprudential add-on for mortgages, model changes reflecting the EBA guidelines and other (internal) model redevelopments, as well as regular business growth, the bank’s risk-weighted assets increased by EUR 39.6 billion to 251.5 billion. Partially mitigated by Rabobank’s healthy financial results, this resulted in a decrease of the CET1 ratio to 15.1% (2021: 17.4%) with a remaining Basel IV impact that is now expected to be negligible. At this level the bank continues to comfortably meet its capital requirements and its ambition level of a CET1 ratio of >14%.

At the end of 2021, De Nederlandsche Bank (DNB) ordered Rabobank to remedy deficiencies regarding its Dutch Retail division’s compliance with the Wet ter voorkoming van witwassen en financieren van terrorisme (Wwft). DNB also informed the bank that a separate punitive enforcement procedure would commence, the outcome of which is still unknown to the bank. Remedying these deficiencies has Rabobank’s highest priority. The bank continuously invests in Know Your Customer (KYC) and increases the efforts under its remediation program, which occurs a dynamic context dealing with the fast pace of sanctions on Russia, tight labor market conditions and new regulations. In light of these challenging developments that affect progress the bank has asked DNB for an extension of the deadline.

Looking forward, Wiebe Draijer states: “We are glad to leave a period of negative interest rates behind us, specifically for the impact it had on savings accounts of private clients. Unfortunately, other disruptions remain and are expected to persist and affect our clients throughout 2022 and in the years to come. Geopolitical tensions, inflation, and an expected mild recession are shaping our everyday lives, impacting the purchasing power of households, and will continue to challenge the economic context in which we operate. We therefore remain cautious with respect to our operating environment.

“Worldwide we are confronted with negative effects of climate change such as droughts and floods. In addition, the Netherlands faces a challenge of significant constraints in nitrogen emissions. In June, the Dutch government announced its plans to reduce nitrogen by 2030, sparking national debate and protests. Rabobank made clear that we endorse the reduction goals, but we also indicated that the plans lack integrality with regard to water quality, climate and the government’s plans for other sectors. What’s also missing is prospect for Dutch farmers, specifically in livestock farming. At the moment, the effects on client level are both uncertain and unclear as the governmental plans are not translated and implemented yet by the authorized provincial governments. This creates uncertainty and with that comes distress for those it directly affects. We believe that regional optimization, cooperation and innovation are key in the transition to a sustainable business model for our clients. Together with other stakeholders, Rabobank wants to play its part in finding realistic and workable solutions, and achieving a vital and sustainable Dutch countryside and agricultural sector.”

For interim results and further details, visit Rabobank.nl

For more information, please contact:
Rabobank Press Office
+31 (0) 30 216 2758 or pressoffice@rabobank.nl
 
Rabobank Investor Relations
+31 (0)30 712 2401 or IR@rabobank.com


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: August 11th 2022, 07:30 CET

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Press release Thu, 11 Aug 2022 07:30:00 GMT 302880
<![CDATA[Interim Results 2022 Rabobank to be published on Thursday, August 11]]> https://www.rabobank.com/en/press/search/2022/20220804-interim-results-2022-rabobank-to-be-published-on-thursday-august-11.html?utm_medium=RSS Rabobank will present the 2022 Interim Results on Thursday, August 11. The press release, Interim Report, and several infographics will be published at 7.30 AM CET.

You will find the interim results in Downloads.

Wiebe Draijer and Bas Brouwers will present the Interim Results 2022 in a webinar for the press (in Dutch) at 9.00 AM CET. Rabobank will host a webinar for analysts and institutional investors at 2.00 PM CET. This event will be conducted in English. 

The press webinar will be made available on rabobank.com as of 12.00 PM CET. The analyst webinar, including the presentation slides, will be made available on rabobank.com at 3.30 PM CET.

More information regarding the Results can be found in Results & reports.

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Press release Thu, 04 Aug 2022 09:00:00 GMT 302803
<![CDATA[FrieslandCampina, Rabobank and Lely start pilot to reduce nitrogen ]]> https://www.rabobank.com/en/press/search/2022/20220714-frieslandcampina-rabobank-and-lely-start-pilot-to-reduce-nitrogen.html?utm_medium=RSS FrieslandCampina, Rabobank and Lely are joining forces to reduce nitrogen emissions at dairy farms. They are entering into a partnership for the installation of 96 Lely Spheres, spread across all Dutch provinces. The Lely Sphere is an installation that reduces nitrogen emissions up to 70 percent in the barn of a dairy farm. The three parties hope that after this pilot project the concept will be applied on a broader scale in the sector.

The Lely Sphere is a circular barn system that separates solid manure and urine and converts nitrogen emissions into valuable fertilizer. These can be reused by the farmer for precision fertilisation on the land. In this way a more closed mineral cycle is achieved, the use of artificial fertilizer decreases and the climate in the barn improves. Recent scientific reports show that with the Lely Sphere, ammonia emissions are reduced by up to 70 percent in the barn. The barn system is officially recognised and included on the RAV list in 2021 (‘Regeling Ammoniak Veehouderij’).

With this partnership FrieslandCampina, Rabobank and Lely want to make the investment in a Lely Sphere accessible for farmers. FrieslandCampina will provide a financial contribution to the farms, Lely gives a discount on the purchase of the system and Rabobank offers a loan with advantageous conditions. In addition, the parties trust that this initiative will also encourage regional and national authorities to take initiatives to stimulate sustainable agriculture through innovation, and to make the necessary financial resources available.

Martine Boon, deputy director Food & Agri at Rabobank: “Innovation is important for farmers, in order to become more sustainable and to continue farming. This initiative is not only a great collaboration but also one of the solutions to the current nitrogen problem. Rabobank is happy to contribute to this, in this case by offering an interest rebate and a grace period for the farmer. This gives them more financial space to become more sustainable.”

As of today, farmers can sign up to participate in the programme. The cooperating partners expect to install the first Lely Sphere's after the summer. Early in the new year, the results of the pilot will be evaluated to discuss follow-up steps.

Besides innovation in nitrogen reduction, reduction of greenhouse gases (including methane) is high on the agenda of the three parties, and they consider it an important next step in making agriculture more sustainable.

Published: July 14th 2022, 16:00 CET

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Press release Thu, 14 Jul 2022 16:00:00 GMT 302511
<![CDATA[Reactie Rabobank brieven ministers Staghouwer en Van der Wal]]> https://www.rabobank.com/en/press/search/2022/20220617-reactie-rabobank-brieven-ministers-staghouwer-en-van-der-wal.html?utm_medium=RSS De brieven van ministers Staghouwer en Van der Wal van vrijdag 10 juni jl. maken veel los in de agrarische wereld. Het stoppen of verplaatsen van boerenbedrijven heeft grote impact op de levens van veel gezinnen. Het gaat veelal om familiebedrijven, die van generatie op generatie zijn opgebouwd. Tegelijkertijd is de urgentie om de natuur te beschermen en de klimaatdoelstellingen te halen hoog. Het huidige landbouwsysteem in Nederland heeft haar grenzen bereikt. Als financier van de landbouwsector staat Rabobank de agrarische ondernemers bij, nu de uitdagingen groter zijn dan ooit. Samen met andere spelers neemt de bank haar rol om tot een vitaal en duurzaam platteland te komen.

Wiebe Draijer, voorzitter van de groepsdirectie van Rabobank: “We voelen de emotie die de aangekondigde plannen oproepen bij agrarisch ondernemers en in plattelandsgemeenschappen. We kennen en horen deze geluiden van onze klanten tijdens de vele gesprekken die we met ze voeren. Het valt niet te ontkennen dat Nederland op slot zit door het stikstofvraagstuk. Ons land groeide uit tot grote landbouwexporteur wereldwijd, waar consumenten en producenten van profiteerden en onze economie van floreerde. We hebben nu de keerzijde bereikt: het landbouwbeleid heeft een te grote impact op onze natuur en kent een overschrijding van nationale en internationale normen. Het is dan ook in de basis goed dat dit kabinet meer duidelijkheid geeft over de stikstofaanpak. Rabobank zet alles op alles voor een goede oplossing. Wij staan onze boerenklanten bij, of het nu gaat om stoppers, blijvers of boeren die verplaatsen.”

Met de aangekondigde plannen is er nu meer duidelijkheid over de stikstofaanpak. Voor Rabobank hoeft de krimp niet groter te zijn dan strikt noodzakelijk. Het verminderen van het aantal dieren moet immers geen doel op zich zijn, maar een van de middelen om de natuur-, water- en klimaatdoelen te halen. Aanvullend vraagt Rabobank aandacht en financiële ontzorging voor stoppers. Een onderbelicht vraagstuk is wat het perspectief is voor boeren die wel kunnen blijven ondernemen. Hoe ziet het agrarisch landschap er in 2030 uit voor hen? Bovendien vindt Rabobank dat alle sectoren moeten bijdragen. Dus niet alleen de landbouw, maar ook sectoren als de industrie en de luchtvaart. Tot slot pleit Rabobank voor een integrale aanpak: behalve stikstof, ook duidelijke doelen voor het behoud van waterkwaliteit en klimaat. Alleen met volledige helderheid worden agrariërs weer in staat gesteld te investeren en te ondernemen.

Draijer legt uit: “Boeren hebben een goed verdienmodel nodig om blijvend te kunnen verduurzamen en innoveren. Dat kan met een overheid die stuurt op heldere en meetbare doelen en ruimte laat aan de ondernemer zelf hoe dit te bereiken. Wij vinden een hogere bijdrage uit het transitiefonds voor innovatie noodzakelijk, om bijvoorbeeld duurzame stalaanpassingen te realiseren. Tot slot is een eerlijke vergoeding voor natuur- en waterbeheer essentieel voor een vitaal en duurzaam platteland. Een gezonde boterham voor de boer biedt perspectief voor de blijvers.”

Rabobank acht het ambitieus dat provincies binnen één jaar met gedragen plannen moeten komen om tot wel 90% stikstof te reduceren. Draijer: “De opgelegde focus op stikstofreductie en stoppers zorgt voor weerstand. Terwijl we het juist samen moeten doen. De enige manier waarop een nieuwe gebiedsinrichting werkt, is met alle betrokken partijen samen aan tafel om boeren die willen blijven perspectief te bieden. Dit doen wij al samen met politiek en ondernemers in een aantal provincies, daar spreken we over een gedragen gebiedsgerichte aanpak, met oog voor het verdienmodel van de boer en voor de natuur. Rabobank wil dit graag samen met onze partners in alle provincies doen. Het gaat erom dat we de boer helpen en de natuur beschermen.”

Gepubliceerd: Juni 17 2022, 00:05 CET

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Press release Fri, 17 Jun 2022 15:15:00 GMT 302071
<![CDATA[Philippe Vollot to join Rabobank Managing Board as Chief FEC Officer]]> https://www.rabobank.com/en/press/search/2022/20220610-philippe-vollot-to-join-rabobank-managing-board-as-chief-fec-officer.html?utm_medium=RSS

As of 1 October 2022, Philippe Vollot will start as Chief Financial Economic Crime Officer (CFECO) at Rabobank (subject to positive outcome of supervisory assessments). This appointment follows the announcement last February that Rabobank is creating this new role within its Managing Board to centralise the necessary 1st line KYC activities including Sanctions Screening and Transaction Monitoring.

foto van Philippe Vollot

Philippe Vollot

Vollot (1967) brings a wealth of experience in the field of combating money laundering and terrorist financing, setting up remediation programs and knowledge of related (international) legislation and regulations. The Frenchman's career took him to Deutsche Bank, where he held various roles in the field of compliance from 2003 to 2018. His final position there was Global Head of Anti-Financial Crime & Group Anti-Money Laundering Officer. At Danske bank, Vollot joined the Executive Board in 2018 as Chief Compliance Officer, a role that changed into Chief Administrative Officer in 2021.

Rabobank's Supervisory Board is pleased with the appointment of this experienced board member: "His track record in the field of Financial Crime, Compliance and AML is impressive," says Marjan Trompetter, Chair of the Supervisory Board. "From his roles at Danske Bank and Deutsche bank, he has extensive experience in setting up and executing remediation programs. Philippe Vollot has proven to be able to bring about change, arrange procedures and solve complex problems, using his strong moral compass. With his knowledge and skills, we consider him to be an inspiring leader to guide us further to a robust and future-proof KYC organization. We look forward to his arrival.”

Published: June 10 2022, 07:30 CET

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Press release Fri, 10 Jun 2022 07:30:00 GMT 301953
<![CDATA[Rabobank maakt rentekorting voor duurzame melkveehouders structureel]]> https://www.rabobank.com/en/press/search/2022/20220523-Rabobank-maakt-rentekorting-voor-duurzame-melkveehouders-structureel.html?utm_medium=RSS

Na een succesvolle testfase krijgen duurzame melkveehouders bij Rabobank een rentekorting van 0,2%. Sinds de zomer van 2021 kregen al meer dan 500 melkveehouders die goed scoren op duurzaamheid een rentekorting. Alle melkveehouders met duurzaamheidsscore A en een financiering van meer dan 1 miljoen euro komen in aanmerking voor de korting. Rabobank heeft als doel om de korting ook mogelijk te maken voor andere landbouwsectoren en voor boeren met een financiering van minder dan 1 miljoen euro. Zo beloont de bank duurzame koplopers.

Rabobank-themamanager Duurzaamheid Food & Agri Jeen Nijboer is blij met de succesvolle pilot die vanaf de zomer 2021 liep: “Klanten reageren hier heel positief op en ik ben trots dat zoveel melkveehouders al meedoen. En misschien nog wel belangrijker: duurzaamheid is steeds meer een onderdeel van de gesprekken met onze klanten. Verduurzamen is niet alleen goed voor de wereld om ons heen, maar helpt ondernemers ook op de lange termijn financieel beter te presteren. Op de korte termijn vraagt het echter wel investeringen. Met deze rentekorting geeft Rabobank ondernemers een extra steuntje in de rug om die verduurzaming mogelijk te maken.” Klanten die voor duurzaamheidsscore A in aanmerking komen, wekken bijvoorbeeld groene energie op, kiezen voor weidegang en doen aan natuur- en landschapsbeheer. Vanaf de zomer gaat Rabobank de duurzaamheidsmatrix verder digitaliseren. Door aan te sluiten op de data uit de kringloopwijzer volgen we de marktstandaard en kan de duurzaamheidscategorie makkelijker worden vastgesteld. Het wordt mogelijk om de data via het Joindata platform te delen met de bank. De rentekorting wordt vervolgens automatisch toegekend.

De rentekorting geldt voor boeren met de hoogste duurzaamheidsscore en een financiering boven de één miljoen euro. Melkveehouders krijgen de korting bij een renteherziening, herfinanciering of nieuwe financiering. Nijboer: “Het eerlijke verhaal is ook dat we er alleen met deze korting nog niet komen. Daarom is het voor klanten ook mogelijk om kortingen te stapelen, bijvoorbeeld met die van een Impactlening of Groenlening. En het is natuurlijk heel goed als andere organisaties, bedrijven en overheden ook korting geven aan koplopers. Zo moet verduurzaming echt gaan lonen.”

Het doel is om in de toekomst ook klanten in andere sectoren, zoals de varkenshouderij, akkerbouw, tuinbouw en pluimveehouderij, met een duurzaamheidsscore A te voorzien van een gunstiger tarief. Voor klanten met een kleinere financiering zijn er kortingsproducten voor specifieke verduurzamingsinitiatieven zoals het plaatsen van zonnepanelen of de omschakeling naar biologisch en wordt gewerkt aan het mogelijk maken om voor een rentekorting bij renteherziening, herfinanciering. Ook komt deze groep ondernemers voor nieuwe financieringen nu al in aanmerking voor een Impactlening als ze via een bepaald concept werken, zoals bijvoorbeeld “On the way to planet proof” voor melkveehouderij en akkerbouw of “MPS-A+” voor tuinbouw.

Kijk voor de voorwaarden op de productpagina’s van de Impactlening en de Groenlening.


Gepubliceerd: Mei 23 2022, 14:00 CET

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Press release Mon, 23 May 2022 14:00:00 GMT 301659
<![CDATA[Jan Nooitgedagt departs as member of the supervisory board]]> https://www.rabobank.com/en/press/search/2022/20220518-jan-nooitgedagt-departs-as-member-of-the-supervisory-board.html?utm_medium=RSS During the general members meeting of 13 April 2022 Jan Nooitgedagt ended his term as a member of Rabobank’s supervisory board (SB) due to reasons relating to his personal health. Jan Nooitgedagt was a SB member since 2016. From 2016 until 2021 he was the chair of the risk committee of the SB Rabobank and starting in September 2021 he was the vice-chair person of the SB Rabobank.

Marjan Trompetter, chair person SB Rabobank: “The supervisory board deeply regrets the departure of Jan. We are grateful for his unbridled commitment and we will miss him dearly. His diverse background in the financial sector and his extensive experience as an executive and supervisory board member, proved invaluable to our bank in the past years. We wish him all the best.”

Published: May 17 2022, 16:00 CET

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Press release Tue, 17 May 2022 16:00:00 GMT 301533
<![CDATA[Rabobank customers gain insight into the CO2 emissions of their purchases]]> https://www.rabobank.com/en/press/search/2022/20220422-rabobank-customers-gain-insight-into-the-co2-emissions-of-their-purchases.html?utm_medium=RSS Starting today 1000 customers with a Rabo payments account can see the impact their purchases have on the climate. With Carbon Insights customers can track in the Rabo App the CO2 emissions of every euro they spend. Rabobank is the first Dutch bank who provides its customers with an insight into the CO2 emissions caused by their spending. This way the bank wants to increase climate awareness among consumers. Rabobank has the ambition to make Carbon Insights available to all its private customers by the end of the summer.

“On average a person makes about 35.000 choices every day. However we don’t always know how green our choices are. You might know where the bananas come from that you buy in the supermarket, or when you book a train journey you can roughly calculate how much CO2 emissions that creates. However, with many of our purchases we don’t have a clue what the climate impact might be, even though the money we spend and how we spend it plays a large role in solving climate change. This is a missed opportunity as gaining insights is the first step in making more sustainable choices.” According to Fadoua Ajjaji, Product Manager Carbon Bank Retail at the Rabo Carbon Bank. The start-up within Rabobank developed Carbon Insights.

“With Carbon Insights we make consumers part of the solution, just like we do with sustainable farmers who can earn carbon credits through carbon storage in their farmland. Together our eight million private customers can make a difference and combat climate change by changing their spending patterns towards a smaller carbon footprint. For example by buying different, less carbon intensive food they also stimulate supermarkets to offer more sustainable products”, according to Barbara Baarsma, CEO Rabo Carbon Bank.

The app divides our customers’ spending into different categories, such as groceries, transportation, clothing and vacations. “Of course we don’t know the exact products somebody buys in the supermarket, so the CO2 emissions remain an estimation. For the calculation we look at the payment itself, not the actual receipt. Customers can provide additional information, if they eat meat or own a car, which allows us to make the calculations more accurate”, according to Ajjaji. “Helping people make more sustainable choices means good news for the climate. Knowing how your behaviour impacts the climate might help you make other decisions. Perhaps you will reduce the amount of new clothes you buy. That is not only good for the climate but also for your wallet.” On top of gaining an insight into their CO2 emissions people also receive tips on how to make more sustainable decisions. Customers can receive additional information, such as the CO2 emissions of driving by car from Amsterdam to Paris, or how much CO2 you produce by showering for 5 minutes. Rabobank customers can use Carbon Insights for free. They can sign-up or sign-off at any time.

Rabobank developed this innovative feature in collaboration with Ecolytiq, a green fintech company where researchers and technical experts work to provide an insight into the CO2 emissions of consumption. Ecolytiq provides Rabobank with the Dutch CO2 values per euro and spending category. Transparency is essential here, that is why Ecolytiq uses the Open Payment Standard, supported by the EU-Open Sustainability Registry (EU-OSR). This means that scientists, policy makers, companies and consumers can look at the calculation methods and provide feedback for future improvement.

The privacy of our customers is guaranteed as every Rabobank customer only has access to the data related to accounts of which they are the accountholder. In a secure and sealed environment, managed by Rabobank, the payment data is processed in a model which calculates the CO2 emissions. The data never leaves Rabobank and will not be used for any other purpose.

Published: April 22 2022, 07:00 CET

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Press release Fri, 22 Apr 2022 07:00:00 GMT 301107
<![CDATA[Rabobank and Friends of the Earth take the same view: climate action is needed ]]> https://www.rabobank.com/en/press/search/2022/20220414-rabobank-and-friends-of-the-earth-take-the-same-view-climate-action-is-needed.html?utm_medium=RSS On January 13, 2022 Friends of the Earth requested Rabobank and 29 other companies to share their plans on how they will reduce carbon emissions by 45% in 2030. Rabobank welcomes this action because we share the concern that action to tackle climate change can and must be accelerated. Rabobank therefore wants to help its customers in the coming years to implement the changes needed to reach a climate-neutral economy and a more sustainable food supply.

“Many people are rightly concerned about the consequences of climate change, and we share those concerns,” says Aafke Keizer, director Sustainability at Rabobank. “It is our mission to help customers achieve the Paris climate goals and to help everyone become more sustainable. We help farmers who want to introduce more sustainable practices, we help families who want to insulate their homes and we help the local baker who wants to switch to renewable energy. As a bank we of course use financial products and services to achieve this but we also offer sound advice and a solid network.” Rabobank’s chair of the Managing Board Wiebe Draijer and Global Head of Food System Transition Bas Rüter invited Friends of the Earth to discuss approach to the climate transition and how we see our role in financing it.

Like many other organizations Rabobank is committed to the goals set in the Paris Climate Agreement and in the Dutch Climate Agreement. Under the Dutch Climate Agreement banks must report this year on how they want to help their customers reach the Dutch climate targets on time. The sustainability policy is also scrutinized by the regulator, the European Central Bank. In addition, Rabobank is a member of the UN’s Net-Zero Banking Alliance whose members are committed to transparency on how they intend to achieve the Paris climate goals.

“We want to do this well and are taking a thorough approach,” says Aafke Keizer. “For many of the sectors in which Rabobank operates there is still no scientific consensus on the measurement methods, for instance for many agricultural sectors. We are working hard on this topic with international partners and with Wageningen University & Research. At the end of this year, we will publish more details about how, together with our customers, we are giving shape to the Dutch Climate Agreement and the road to achieving the Paris climate goals. In pursuit of this and to show our progress so far, we recently presented a calculation of the climate footprint of our customers. We are the first major bank in the Netherlands to disclose this information. In parallel we are already providing clients with customized products to reduce their climate footprint. We all agree that there’s no time to lose when it comes to combating climate change.”

Read to the letter from Friends of the Earth.

Published: April 14 2022, 16:00 CET

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Press release Thu, 14 Apr 2022 16:00:00 GMT 300990
<![CDATA[Rabo Carbon Bank verkoopt eerste carbon credits op Nederlandse bodem]]> https://www.rabobank.com/en/press/search/2022/20220413-rabo-carbon-bank-verkoopt-eerste-carbon-credits-op-nederlandse-bodem.html?utm_medium=RSS De eerste credits van de Rabo Carbon Bank op Nederlandse bodem zijn verkocht aan Hoogwegt, Interpolis, Vattenfall, Greenchoice en Interfood. Het geld van de carbon credits gaat voor 90% naar deelnemende boeren die hun boerenbedrijven verduurzamen en daarmee CO2 besparen. Dit is onderdeel van het eerste pilotproject van Rabobank op Nederlandse en Amerikaanse bodem met het verminderen van broeikasgassen door agrariërs.

Melkveehouders en akkerbouwers kregen in juni 2021 een voorschot van de Rabo Carbon Bank om te verduurzamen. Sindsdien ploegen ze minder diep, gebruiken ze minder kunstmest of zaaien ze kruidenrijk grasland. Samen met projectpartner Wij.land begeleidt Rabo Carbon Bank de melkveehouders met het nemen van de maatregelen op hun bedrijf. Barbara Baarsma, CEO van de Rabo Carbon Bank: “Dat zorgt voor een gezonde bodem, die meer koolstof vasthoudt. Bij de aanpak van klimaatverandering worden boeren te vaak gezien als onderdeel van het probleem, waar ze juist ook onderdeel van de oplossing zijn. De opbrengsten van de credits kunnen boeren investeren in de transitie naar een duurzame landbouw.” Wij.land berekent de klimaatwinst en zorgt er samen met de Rabo Carbon Bank voor dat de lessen uit het project worden gedeeld met andere boeren en geïnteresseerden.

“Verduurzaming van de landbouw ligt niet alleen bij de boer”, aldus Baarsma. “Dat vindt niet alleen Rabobank, maar ook onze klanten die de credits hebben gekocht en daarmee verduurzaming voor deelnemende boeren rendabel maken.” Om in aanmerking te komen voor de carbon credits stelt Rabo Carbon Bank eisen aan de bedrijven waarmee de bank samenwerkt. Zo committeren ze zich allemaal aan een CO2-reductie in hun eigen bedrijfsvoering en ook in de toeleveringsketen. De pilot in Nederland en de Verenigde Staten begint aan het tweede jaar en duurt in totaal drie jaar. Baarsma: “Dit is de toekomst van het boerenbedrijf: door regeneratief te boeren, verbetert de biodiversiteit en daarmee de voedingswaarde van de producten, maar worden boeren ook beloond voor hun ecosysteemdiensten. Om daarmee de door ons allemaal gewenste overgang naar een duurzame landbouw te maken moet wel de prijs van een credit nog omhoog en de werklast, zoals het verzamelen van data, omlaag. Daar werken we nu aan.”

Gepubliceerd: April 13 2022, 07:00 CET

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Press release Wed, 13 Apr 2022 07:00:00 GMT 300921
<![CDATA[Rabobank withdraws from Russia]]> https://www.rabobank.com/en/press/search/2022/20220330-rabobank-withdraws-from-russia.html?utm_medium=RSS Rabobank and its subsidiary DLL have started to wind down all activities in Russia and to leave the country. The bank does not want to engage business in a country with a regime that brutally invades another sovereign nation.

Rabobank had relatively few commercial interests in Russia, with an aggregated direct net exposure to Russia amounting to ~EUR 400 million in January 2022, which amount has since then been further reduced to ~EUR 300 million (March 2022). It is mainly Rabobank’s subsidiary DLL that is active in the country, with the leasing of machinery in the agricultural sector. New activities had already been discontinued by DLL since February 25, 2022.

Published: March 30 2022, 14:00 CET

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Press release Wed, 30 Mar 2022 14:00:00 GMT 300684
<![CDATA[Rabobank introduceert nieuwe betaalmogelijkheden met de betaalpas in tweede helft 2022]]> https://www.rabobank.com?utm_medium=RSS Rabobank start in de tweede helft van 2022 met het vervangen van de huidige Maestro betaalpassen naar een nieuwe betaalpas van Mastercard of van Visa. Met deze nieuwe betaalpas kan er in meer dan 200 landen en gebieden betaald worden en wordt het ook mogelijk om online aankopen te doen. Hiermee zorgt Rabobank ervoor dat haar betaalpas klaar is voor de toekomst.

De pas wordt op een natuurlijk moment vervangen. Dit is het geval indien een nieuwe pas nodig is, bijvoorbeeld wanneer de geldigheidsduur van de pas eindigt of bij een kapotte of zoekgeraakte pas. Klanten hoeven hier zelf niets voor te doen.

Het vervangen van de huidige Maestro passen start zodra de betaalterminals in onder andere de winkels, benzinestations, parkeergarages in Nederland aangepast zijn en de nieuwe betaalpas kunnen accepteren. Rabobank neemt contact op met haar zakelijke klanten over de aanpassing van de betaalterminals. De verwachting is dat de aanpassing in de tweede helft van 2022 is afgerond.

In de loop van 2022 volgt meer informatie over de nieuwe betaalpas en de extra mogelijkheden die deze heeft.

Gepubliceerd: Juni 17 2022, 10:00 CET

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Press release Mon, 21 Mar 2022 19:00:00 GMT 300489
<![CDATA[Rabobank publishes Annual Report 2021]]> https://www.rabobank.com/en/press/search/2022/20220310-rabobank-publishes-annual-report-2021.html?utm_medium=RSS

Today Rabobank published its Annual Report 2021 and related reports including the ESG Facts & Figures. All reports are available on Results and reports - Rabobank.

In addition to the Annual results, Rabobank also published its  on February 10, 2022. This report provides insight into the bank’s environment, strategy and accompanying results. It also outlines the way Rabobank creates value for stakeholders. Starting this year, Rabobank uses the International Integrated Reporting Framework for its Annual Report.

Published: March 10 2022, 08:30 CET

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Press release Thu, 10 Mar 2022 08:30:00 GMT 300267
<![CDATA[Rabobank posts net result of EUR 3,692 million in 2021]]> https://www.rabobank.com/en/press/search/2022/20220210-rabobank-posts-net-result-of-eur-3692-million-in-2021.html?utm_medium=RSS The economic rebound relative to 2020 created a tailwind for Rabobank. Although Covid-19 continued to impact society in 2021, government support measures cushioned its hold on the economy, which grew significantly. Improved market conditions led to a net release of loan impairment charges and positive asset revaluations. Rabobank’s business performance was sound, as reflected by the resilient and growing Food & Agri portfolio and dominant position in the Dutch residential mortgage market. In this environment, Rabobank posted a net result of EUR 3,692 million.

“Last year was unquestionably marked by the unpredictable character of the Covid-19 pandemic, including the emergence of new variants of the virus and the resulting restrictive measures. Worldwide supply chain challenges, including labor shortages, and increasing inflation were also part of the economic uncertainty. On top of that, 2021 was also marked by severe climate-related events and the IPCC report reiterating the urgency of combatting climate change. However, despite these challenges, we saw economies worldwide recover quickly and better than expected. We also see this recovery reflected in the performance of the majority of our clients and the bank. 

“Our employees showed dedication and resilience in the face of the ongoing effects of the Covid-19 pandemic, and guided our clients in the challenges they faced. I would like to express my gratitude for their commitment in yet another extraordinary year.

“Whether we are performing our role as financial gatekeeper or enhancing our operating model, we remain focused on creating value for society. We are progressing on our road to reaching the Paris Climate Agreement as you will see in the Impact Report where we describe our “four-step approach.” Together with our clients, we aspire to speed up the vital transitions taking place in food, climate and energy, and toward a more inclusive society.”

Rabobank’s net profit in 2021 was EUR 3,692 million, compared to EUR 1,096 million in 2020. Sound business performance as well as improved market conditions contributed to the bank’s strong 2021 financial results, whereas the 2020 results were significantly impacted by the effects of  Covid-19. 

Due to the economic recovery, the anticipated deterioration in credit quality of Rabobank’s business loan portfolio did not materialize. Instead Rabobank recognized a net release of loan impairment charges on financial assets of EUR 474 million in 2021 (minus 11bps of the average loan portfolio), which is EUR 2,387 million lower than in 2020. The total outstanding exposure to vulnerable sectors further reduced to EUR 9.6 billion (which is 2.3% of the total loan portfolio compared to EUR 15.3 billion (3.7%) in 2020), reflecting Rabobank’s sound asset quality. 

Rabobank’s total income increased by 13%. This increase was supported by positive revaluations of the bank’s equity participations as well as good performance of Rabo Investments’ portfolio. In addition, the participation in the TLTRO III programme resulted in a benefit of EUR 334 million, increasing the net interest income by 4%. Corrected for TLTRO, net interest income would have remained relatively stable as the bank continued to see the low interest rate environment putting pressure on deposit margins in its domestic operations. Largely driven by business growth, net interest income in Wholesale and Rural improved by 11%. Net fee and commission income strongly rebounded compared to 2020 and was EUR 228 million (or 13%) higher. This increase was the result of good performance of the event driven businesses and higher fees related to payment services and investments. 

Expenses were 8% higher. This includes a provision Rabobank has made of EUR 333 million to compensate part of its clients with specific consumer credit products with a variable interest rate. In addition, in response to the severity of the instruction received from DNB, Rabobank will enhance its KYC program in order to remedy the deficiencies within the timeline set by DNB. This requires additional efforts, including resolving backlog files in client due diligence and transaction monitoring, for which a provision of EUR 249 million has been included in Rabobank’s 2021 financial results. 

The loan portfolio increased by EUR 7.8 billion to EUR 417.2 billion, also driven by FX effects. The Food & Agri portfolio increased by 8% to EUR 102.9 billion. Furthermore, Rabobank remained market leader in the Dutch residential mortgage market with a 21% market share of new production. Deposits from retail and wholesale customers increased by EUR 11 billion, while Assets under Management increased by EUR 9.6 billion to EUR 62.5 billion.

The increase in income more than offset the increase in expenses. This resulted in an improved cost/income ratio of 63.8% (2020: 65.8%). Also the Return on Equity improved to 8.8% (2020: 2.7%). Supported by the healthy 2021 financial results Rabobank’s capital position remains strong. With a CET1 ratio of 17.4% the bank comfortably meets its capital requirements and its ambition level of >14%. 

Wiebe Draijer: “In our role as gatekeeper to the financial sector we feel an obligation to protect our customers, members and society from financial crime. It is our strong belief that in a better world there is no place for criminal money obtained from activities such as child labor or the trafficking of drugs, humans or weapons.” From 2016-2021 Rabobank has invested a total amount of EUR 1,600 million in its Know Your Customer (KYC). And the number of employees has grown from around 1,700 in 2016 to currently 4,900 employees. KYC has been and is still one of Rabobank’s top priorities.”

On 15 November 2021 Rabobank announced that a draft instruction (voorgenomen aanwijzing) was received from the Dutch Central Bank (DNB) on 12 October 2021. Subsequently, Rabobank received the instruction (aanwijzing) on 23 December 2021. In this instruction, DNB determines that Rabobank does not meet the requirements of the Dutch Anti-Money Laundering and Anti-Terrorist Financing Act (Wet ter voorkoming van witwassen en financiering van terrorisme, Wwft) and orders Rabobank to remedy deficiencies regarding its Dutch retail division’s compliance with the Wwft by 15 December 2023 at the latest. Rabobank also announced on 15 November 2021 that DNB informed the bank that a separate punitive enforcement procedure would commence, the outcome of which is not yet known. 

“While we have made improvements, we acknowledge that we have not yet remedied the deficiencies in order to adequately meet the requirements of the Wwft,” states Draijer. “We are set to continue and increase our efforts to build a robust and future-proof KYC organization. To reinforce this, we will create a new position within the Managing Board with a specific focus on KYC compliance.”

“The economic environment ultimately turned out to be benign for most of 2021,” says Draijer. “However, that is no guarantee for this year. Our clients remain confronted by disruptions to supply chains, rising energy prices, and increasing inflation, while also working to meet our shared climate goals. These impactful developments have not halted. Additionally, Covid-19 remains among us, and each new wave or variant of the virus – and the government’s corresponding restrictive measures – affects our clients and the credit quality of our loan portfolio. We also have to assume further impact from the persisting low interest rate environment and geopolitical tensions. Overall, we remain cautious with respect to the operating environment in 2022 and the years to come.”

“In this operating environment, our focus as a cooperative bank remains more than ever on the transitions in food, climate and energy, and working towards a more inclusive society. As such, we recover and regenerate – we are “Growing a better world together” – for both current and future generations.”

More information about our results and reports can be found at: Results and reports - Rabobank

For more information, please contact:
Rabobank Press Office
+31 (0) 30 216 2758 or pressoffice@rabobank.nl
 
Rabobank Investor Relations
+31 (0)30 712 2401 or IR@rabobank.com


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 10 2022, 07:30 CET

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Press release Thu, 10 Feb 2022 07:30:00 GMT 299620
<![CDATA[Rabobank Discloses Compensation Plan for Variable Interest Paid on Revolving Credit]]> https://www.rabobank.com/en/press/search/2021/20211215-rabobank-discloses-compensation-plan-for-variable-interest-paid-on-revolving-credit.html?utm_medium=RSS In January 2022, Rabobank will start offering its customers who have revolving credit facilities compensation proposals for variable interest they paid in excess. The bank will calculate the difference between what the customer has paid and what they should have paid according to the Dutch Financial Services Complaints Tribunal (Kifid). Customers for whom this difference is more than 50 euros will be reimbursed for the excess interest paid. Rabobank also will calculate the interest on the interest. The plan covers interest payments up to 20 years ago. Current customers of Rabobank or its subsidiaries Freo and Fideaal are not required to take any action, while former customers can register at www.rabobank.nl/compensatie-variabele-rente from early 2022.

Rabobank announced in August of this year that it would be reimbursing its customers, following rulings by the Appeals Board of the Dutch Financial Services Complaints Tribunal (Kifid) regarding cases involving several other banks. Kifid/the Financial Services Complaints Tribunal believes that these banks failed to adequately follow market interest rates in calculating variable interest and ruled that they must recalculate the variable interest rate and compensate customers for the difference.  

Based on these rulings, Rabobank has implemented the Kifid rulings across the entire Rabobank Group. While an analysis of its portfolio reveals that Rabobank has generally been compliant in terms of following interest rates, there were discrepancies for a small number of customers with revolving credit facilities and/or products that allow overdrafts.

The compensation plan drafted by Rabobank is in line with the ruling of Kifid/the Financial Services Complaints Tribunal, with the bank having consulted a delegation of its member councils and the Dutch Consumer Association (Consumentenbond).  

The plan applies to retail customers of Rabobank and its subsidiaries Freo and Fideaal who have used one or more of the products listed below. The plan applies to each individual product for excess interest paid from 2001 onward. 

  • Doorlopend Krediet (Revolving Credit Facility, including HuisVoordeelKrediet and Studentenkrediet/Rabo Student Credit)
  • Krediet op Betaalrekening (Current Account Credit Facility, including Rabo Exclusief Krediet/Rabo Exclusive Credit)
  • Rabo Kort Roodstaan (Rabo Short-Term Overdraft Facility)
  • Rabo Studenten Roodstaan (Rabo Student Overdraft Facility)
  • Krediet op Creditcard (Credit on Credit Card).

Customers will start receiving their proposals for compensation in January 2022, although it may take up to the end of 2022 before the bank has contacted all customers who are eligible for compensation. Rabobank will not ask its customers for final settlement.

Further information is available at the following link: www.rabobank.nl/compensatie-variabele-rente

Published: December 15 2021, 08:00 CET

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Press release Wed, 15 Dec 2021 08:00:00 GMT 298341
<![CDATA[Johan van Hall appointed to Rabobank Supervisory Board]]> https://www.rabobank.com/en/press/search/2021/20211208-johan-van-hall-appointed-to-rabobank-supervisory-board.html?utm_medium=RSS The General Members Council of Rabobank has appointed Johan van Hall to the Supervisory Board with effect from 8 December 2021.

After finishing his education to become a chartered accountant, Johan van Hall (1960) did his postgraduate study in IT Audit at Vrije Universiteit Amsterdam. In 1982, his career took off at ABN Amro, where over the course of more than 35 years Van Hall had various positions, such as head of IT Audit, and Chief Operating Officer (COO). As COO, he was a member of ABN Amro’s board of directors from 2008 to 2018, from 2013 on in the role as vice-chairman. Currently, Van Hall holds various supervisory positions, such as chairman of the Supervisory Board of Ordina.

Chair of the Supervisory Board Marjan Trompetter is convinced Van Hall’s coming will strengthen the Supervisory Board: “With his recent managerial experience in the banking sector, Johan is a valuable addition to our Supervisory Board. Because of his broad bank-oriented knowledge in the field of IT and Operations, experience with large, complex transformations and results oriented focus, we also see him as a valuable sparring partner for our managing board.”

The other Supervisory Board members of Rabobank are: Marjan Trompetter (chair), Jan Nooitgedagt (vice-chair), Gert-Jan van den Akker, Annet Aris, Petri Hofsté, Arian Kamp, Marc Pensaert and Pascal Visée.

Published: December 8 2021, 17:30 CET

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Press release Wed, 08 Dec 2021 17:30:00 GMT 298223
<![CDATA[Rabobank data in EBA Transparancy Exercise]]> https://www.rabobank.com/en/press/search/2021/20211203-rabobank-data-in-eba-transparancy-exercise.html?utm_medium=RSS Coöperatieve Rabobank U.A. notes the announcements made today by the European Banking Authority and European Central Bank regarding the information of the 2021 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 and Covid-19 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: 3 December 2021, 18:00 CET

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Press release Fri, 03 Dec 2021 18:00:00 GMT 298119
<![CDATA[Tender Offer invitation to holders of the Rabobank €1bn 4.125% Subordinated Notes due 2022 and €1bn 3.875% Subordinated Notes due 2023]]> https://www.rabobank.com/en/press/search/2021/20211123-tender-offer-subordinated-notes.html?utm_medium=RSS Coöperatieve Rabobank U.A. launches its Tender Offer invitation to holders of its €1,000,000,000 4.125% Subordinated Notes due 2022 and €1,000,000,000 3.875% Subordinated Notes due 2023.

Coöperatieve Rabobank U.A. (the "Offeror" or "Rabobank") has today launched its invitation to holders of its €1,000,000,000 4.125% Subordinated Notes due 2022 (ISIN: XS0826634874) and €1,000,000,000 3.875% Subordinated Notes due 2023 (ISIN: XS0954910146) (together the "Notes") to tender any and all such Notes 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 24 November 2021 (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 / rabobank@lucid-is.com / +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 the Target Notes (and tenders of the Target Notes 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.

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. For the purposes of the Market Abuse Regulation and article 2 of Commission Implementing Regulation (EU) 2016/1055, this press release is made by Isabel Rijpkema, Global Head of Long Term Funding and Capital of Rabobank.

Published: 24 November 2021, 09:00 CET

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Press release Wed, 24 Nov 2021 09:00:00 GMT 297951
<![CDATA[Realisatiefonds gelanceerd voor energiecoöperaties met duurzame plannen]]> https://www.rabobank.com?utm_medium=RSS Energie Samen en SVn lanceren vandaag, samen met Rabobank, Triodos en ASN Groenprojectenfonds, het Realisatiefonds. Met de Realisatielening van dit nieuwe landelijke fonds financieren lokale energiecoöperaties collectieve zonneprojecten. Het Realisatiefonds verwacht de komende jaren tot ruim 1.000 duurzame energieprojecten van burgerinitiatieven te financieren.

Een lokale energiecoöperatie is een initiatief van burgers die samen een energieproject starten om zelf op grote schaal duurzame energie op te wekken. De energiecoöperatie is eigenaar van de installatie, verkoopt groene stroom en verdeelt de opbrengst onder haar leden. De voordelen van projecten van energiecoöperaties komen ten goede aan de eigen omgeving. Voor veel kleinere energiecoöperaties is het momenteel moeilijk om aan volledige financiering voor hun project te komen. Zonde, want energiecoöperaties in Nederland zijn een belangrijke schakel in de energietransitie. Speciaal voor deze groep is er nu het Realisatiefonds.

Combineren met subsidie

Het Realisatiefonds is bedoeld voor energiecoöperaties die gebruikmaken van de Subsidieregeling Coöperatieve Energieopwekking (SCE) of de Stimulering Duurzame Energieproductie en Klimaattransitie (SDE++). Voor projecten van €30.000,- tot €1.000.000,- biedt de Realisatielening uitkomst. De Realisatielening kan met gunstige voorwaarden worden aangeboden mede vanwege de inkomsten uit de subsidieregeling en de eigen inbreng van de energiecoöperaties. Het maximaal te financieren gedeelte bedraagt 75% van het totale project. Het Realisatiefonds helpt op die manier duurzame burgerinitiatieven om hun energieprojecten wél voor elkaar te krijgen.

Aanvraag via Energie Samen naar SVn

Het aanvragen van de Realisatielening begint bij Energie Samen. Deze belangenbehartiger en koepelorganisatie adviseert energiecoöperaties over de financieringsaanvraag en de haalbaarheid. Zodra de aanvraag compleet is, gaat het financieringsdossier naar het Stimuleringsfonds Volkshuisvesting Nederlandse gemeenten (SVn), de beheerder van het Realisatiefonds. SVn beoordeelt het dossier, brengt een offerte uit en verstrekt de lening.

Unieke samenwerking banken

Het Realisatiefonds is gevuld met zogenaamd groen geld dat beschikbaar is gesteld door de Rabobank, Triodos en ASN Groenprojectenfonds. Deze banken hebben gezamenlijk de structuur en documentatie voor de projectfinanciering opgesteld. Deze zijn speciaal voor het Realisatiefonds aangepast om kleinere projecten te financieren. Dit heeft geresulteerd in processen, documenten en procedures die het proces van aanvraag tot realisatie zo vloeiend mogelijk laten verlopen.

Meer informatie over het Realisatiefonds is te vinden op www.realisatiefonds.nl.

Gepubliceerd: 16 November 2021, 12:20 CET

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Press release Tue, 16 Nov 2021 12:20:00 GMT 297758
<![CDATA[Rabobank has received a draft instruction from DNB]]> https://www.rabobank.com/en/press/search/2021/20211115-rabobank-has-received-a-draft-instruction-from-dnb.html?utm_medium=RSS Rabobank received a draft instruction (voorgenomen aanwijzing) from the Dutch Central Bank (DNB) on 12 October 2021. In this draft instruction, DNB orders Rabobank to remedy deficiencies in its compliance with the Dutch Anti-Money Laundering and Anti-Terrorist Financing Act (Wet ter voorkoming van witwassen en financiering van terrorisme, Wwft). These deficiencies mainly concern the execution, recording and outsourcing of client due diligence, transaction monitoring and reporting of unusual transactions. DNB has also announced that a punitive enforcement procedure will be started, the outcome of which is not yet known.

The draft instruction follows the injunction (Last onder Dwangsom) Rabobank received from DNB in September 2018 ordering the bank to improve its Know Your Customer (KYC) activities. Beginning 1 April 2020, DNB carried out an investigation and concluded that Rabobank Retail NL did not meet the requirements of the injunction, despite all efforts. As a result, Rabobank announced on 11 February 2021 that a penalty (dwangsom) of EUR 500,000 had been forfeited.

Wiebe Draijer, Chairman of the Executive Board: “As a cooperative bank with a mission, Rabobank is at the heart of society: Growing a better world together. It goes without saying that protecting our customers, members and society against financial crime is part of this mission. We view the role of gatekeeper to the financial system as our commitment and joint responsibility to society. While we have made improvements, much remains to be done. Therefore, we remain dedicated to, and continue to invest in our KYC program, with 4,500 specialists around the world. Building a robust and future-proof KYC organization is an ongoing process and has our full attention. Rabobank is in constant dialogue with DNB on this.”

Parts of this press release are considered by Rabobank to be insider information that directly or indirectly relates to Rabobank as referred to in Article 7 of the Market Abuse Regulation (EU 596/2014) which is disclosed in accordance with Article 17 of the Market Abuse Regulation.

Published: November 15 2021, 17:30 CET

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Press release Mon, 15 Nov 2021 17:30:00 GMT 297735