press releases https://www.rabobank.com/DotCom/Corporate/en/press/rss.html press releases en <![CDATA[Rabo Frontier Ventures invests in Agtech company ProducePay]]> https://www.rabobank.com/en/press/search/2018/rabo-frontier-ventures-invests-in-agtech-company-producepay.html?utm_medium=RSS


  • With financial solutions ProducePay helps farmers feed the world in a sustainable way
  • Series B funding was led by food & agri venture capital firm Anterra Capital
  • Total funding amounts $14m and follows ProducePay financing $400m of produce in 2017

Rabo Frontier Ventures (RFV), Rabobank’s strategic investment arm, invested in Agtech company ProducePay. This Los Angeles based company provides fresh produce farmers with financial resources, tech tools and data insights. ProducePay has secured $14m in a Series B Funding round, which was led by Anterra Capital.

ProducePay’s mission is to help farmers feed the world in a sustainable way, with financial resources, tech tools, and data insights. Addressing the lack of proper short-term access to financing and transparency within the farming industry supply chain, ProducePay has created the first ever means of securitizing perishable produce as a financial asset through the use of technology. Alleviating financial pressure for growers, while also freeing up cash flow for distributors, ProducePay provides immediate access financing for farmers and distributors in the United States, Mexico, Canada, Honduras and Chile for fresh produce sold in the United States.

“As the global leading Food & Agri bank, Rabobank aims to partner with revolutionary ventures in agriculture technology. ProducePay offers a solution that perfectly fits the Food & Agri ambitions of Rabobank. Their service addresses a significant pain point in the fresh produce value chain. The platform enables farmers to connect to food retailers in a more cost efficient and less risky way, of which all involved parties in the food value chain will benefit”, said Harrie Vollaard, Head of Rabo Frontier Ventures.

The Series B funding will be used to finance the next growth phase of the business as it scales its financing business and develops its software platform. It follows significant growth in 2017, in which the company financed $400m of produce, up from $17m in 2015. Pablo Borquez Schwarzbeck, CEO of ProducePay: “We have spent the last three years reinventing how the produce industry accesses short term cash needs and the transparency of their supply chain. To date, ProducePay has helped move over $850m of produce. By receiving financial support from Anterra Capital, the leading Food & AgTech VC, and Rabobank, the world’s premier Ag-focused bank, we are empowered to continue on the path to becoming the fintech leader of the produce industry.”

Rabo Frontier Ventures (RFV) is a €70 million strategic investment fund that focuses on high-potential early-stage Fintech and Food & Agri companies. RFV is a subsidairy of Rabobank Group and forms part of the bank’s innovation strategy.

For more information please visit the website of Rabo Frontier Ventures.

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Press release Thu, 18 Oct 2018 09:32:37 GMT 257898
<![CDATA[Rabobank Food Loss Challenge Asia announces 20 Startups for the Pitch Day in Singapore]]> https://www.rabobank.com/en/press/search/2018/20181012-rabobank-food-loss-challenge-asia-announces-20-startups-for-the-pitch-day-in-singapore.html?utm_medium=RSS Focus on critical holistic solutions addressing the issue of food loss throughout the supply chain

Food Loss Challenge Asia by Rabobank is a competition where startups pitch their ideas to reduce food loss to food & agri industry leaders and investors. Through the Food Loss Challenge Asia, Rabobank aims to look for solutions with its partners to address the global problem of food loss.

Diane Boogaard, CEO Asia of Rabobank, comments: “With Asia's population projected to reach over 5 billion by 2050, we rely on innovative and technological solutions to help us curb food loss along the value chain and promote the sustainable development of rural prosperity in the region. Through our networks, we connect startups to our corporate and rural clients to help us in our strive to growing a better world together.”

Mark van Binsbergen, CEO of Rabobank Singapore and one of the Food Loss Challenge Asia judges says: “This is Rabobank’s first Food Loss Challenge event globally. We received an overwhelming number of 127 submissions from 29 countries across Asia, Africa, Middle East and Europe. The quality of submissions is very impressive. We came across many good proposals to address food loss, not only at the producer’s level but also across the whole supply chain.”

“The startups demonstrated an ability to deploy their technology with the awareness of how it would add value to their end-users,” says Arindom Datta, Asia Head of Sustainability Banking at Rabobank, and member of the Food Loss Challenge Asia project team. “Whilst the 127 solutions put forth addressed pain points along the food value chain, notably logistics, storage and refrigeration, many focused on enabling data-driven farm management especially for the small holder farming community. Many startups are trying to provide critical holistic solutions addressing the issue of food loss integrating diverse players in the supply chain,” Arindom continues.

To view the Top-20 selected startups, click here

Find out more about the Food Loss Challenge Asia at www.foodlosschallenge.asia

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Press release Fri, 12 Oct 2018 11:05:56 GMT 257829
<![CDATA[Food Waste Tech, Animal Antibiotic Reduction and Plant-Based Ingenuity at FoodBytes! ]]> https://www.rabobank.com/en/press/search/2018/20181005-food-waste-tech-animal-antibiotic-reduction-and-plant-based-ingenuity-at-foodbytes.html?utm_medium=RSS Sustainable Food & Agriculture Startups Set to Pitch in New York City

FoodBytes! by Rabobank, the next-generation food and agriculture pitch competition-meets-networking platform, announces the startups selected to take the stage at in New York. The competition returns to the city for the third time on Thursday, October 18.

Through FoodBytes!, Rabobank looks for the world’s most cutting-edge food and agriculture innovators. The platform offers an opportunity for selected entrepreneurs to showcase their new products and technologies in front of investors, executives and media, as well as receive the mentorship, connections, insights and continuous community needed to grow their respective businesses.

The startups were measured against unique criteria including sustainability, scalability, innovation and team experience.

Animal health and reducing antibiotic use are dominant themes among the pitch companies, including an AI milk quality analysis tool and microalgae-based oral vaccines for the aquaculture industry. Restaurant efficiency is another major trend, with a food assembly robot and a back-of-house tool that reduces food waste by fifty percent. Additionally, novel plant-based CPG startups will take the stage with tomato-based “sushi” and cereal made from up-cycled juice pulp.

Please find here more information about the pitching companies, sponsors, awards, the program, how to purchase tickets and more.

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Press release Fri, 05 Oct 2018 15:47:39 GMT 257683
<![CDATA[we. trade joins forces with three former Batavia consortium banks accelerating]]> https://www.rabobank.com/en/press/search/2018/20181002-wetrade-batavia.html?utm_medium=RSS we.trade, a leader of blockchain based digital trade services, and three banks from the former Batavia consortium have joined forces. CaixaBank, Erste Group and UBS have joined we.trade as banking partners and shareholders alongside the platform’s existing banks: Rabobank, Deutsche Bank, HSBC, KBC, Natixis, Nordea, Santander, Societe Generale and UniCredit, bringing the number of shareholders to twelve.

The joint endeavour ensures that companies can access the platform’s unprecedented market reach and use their network for their international trade needs, distributing we.trade across 13 countries.

Following we.trade’s successful launch in June, the additional banking partners strengthen the platform’s position as the largest blockchain-based digital trade financing company in production. The shareholder banks have identified significant product and technology synergies with the former Batavia banks, as they have all developed similar solutions with IBM on Hyperledger Fabric, an open source blockchain framework hosted by The Linux Foundation.

we.trade continues to expand and evaluate additional partners from both the banking and non-banking sectors to join its vision of an open and interoperable platform. The addition of CaixaBank, Erste Group and UBS extends we.trade’s geographical reach to the following European countries -Austria, Belgium, Denmark, Finland, France, Germany, Italy, the Netherlands, Norway, Spain, Sweden, Switzerland and the UK.
 
The we.trade platform addresses the expectations of companies to make cross-border trade more straightforward through the extension of its digital trade network. The distribution force of participating international financial institutions positions we.trade as an innovator in the trade finance market and as a leading partner for its market adoption and expansion beyond Europe.
 
 “we.trade welcomes CaixaBank, Erste Group and UBS as shareholders and users. This confirms the previously announced roadmap of we.trade and keeps us on track with our strategy of expanding our global coverage network over the coming quarters with banking and non-banking partners.”, said Roberto Mancone, Chief Operating Officer, we.trade.

Read the full press release at we-trade.com 

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Press release Tue, 02 Oct 2018 10:26:23 GMT 257604
<![CDATA[Rabobank report: ‘Clear choices needed in Vegetable Oil Industry’]]> https://www.rabobank.com/en/press/search/2018/20180924-rabobank-report-clear-choices-needed-in-vegetable-oil-industry.html?utm_medium=RSS The European vegetable oil application industry has shown interesting profitability in recent years, averaging 8 percent and thus exceeding the averages of 4 percent seen in the oilseed crushing industry worldwide. Most EU industry participants have also reported growth in their sales in the past decade, Rabobank says in the recently published report ‘European Vegetable oil Applications’.

“The volumes of vegetable oil applications in the EU market have increased in the last four years in feed, oleochemical, and in several B2B food applications”, senior analyst Grains & Oilseeds Vito Martielli of Rabobank said. “The speed of growth has ranged from one percent to three percent per year.”

Consumer foods companies active in VOFA have to make clear choices: to divest VOFA assets in order to focus on their core consumer food business or to further invest in expanding in size or into adjacent businesses. Vito Martielli: “With the expansion option, there is a possibility of teaming up with EU VOFA manufacturers to further grow in emerging markets as these players have the know-how and experience in this business. All players should follow the demand drivers of sustainability and health, which are essential for this sector.”

Key consumer drivers like sustainability and health impact consumption and are critical for the demand for VOA in the next decade and thus also important for the response of VOA players. However, trends and market drivers are not the same across the various outlets and countries in the EU and also differ per vegetable oil.

Palm oil sustainability *) for instance, is a major driver in the European vegetable oil market. EU has become the most important region worldwide for the processing of sustainable palm oil, accounting for at least 38% of global CSPO (Certified Sustainable Palm Oil) sales. Sustainability is impacting all players and stages of the supply chain from palm plantations to plantations, crushing, trading, further processing, retailers, consumers, and institutions. Sourcing certified sustainable palm oil is the way forward in vegetable oil applications.

*) Rabobank only finances the sustainable palm oil supply chain and is helping to make sustainable palm oil the norm as soon as possible (please see Rabobank’s Palm Oil Sustainability Policy).

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Press release Mon, 24 Sep 2018 10:50:23 GMT 257414
<![CDATA[Rabo Frontier Ventures acquires a stake in trade and commodities blockchain based platform komgo]]> https://www.rabobank.com/en/press/search/2018/20180920-rabo-frontier-ventures-acquires-a-stake-in-trade-and-commodities-blockchain-based-platform-komgo.html?utm_medium=RSS Rabo Frontier Ventures (RFV), Rabobank’s strategic investment arm, invested in komgo SA. komgo is a venture that seeks to digitalise the trade and commodities finance sector through a blockchain based open platform. komgo is launched by fifteen of the world’s largest institutions, including banks, energy majors, trading companies and an inspection company.

komgo is a secured platform that is part of an emerging global ecosystem aiming to optimise the flow of physical commodity operations, like energy commodities. “The initiative komgo marks a new era in blockchain technology. Not a standalone experiment or technology oriented venture/pilot, but a venture where market leaders embrace the benefits of the technology and deploy it on their core processes. That makes the difference”, said Harrie Vollaard, Head of Rabo Frontier Ventures.

Michiel Teunissen, Head of Innovation Trade & Commodity Finance at Rabobank: “In the trade and commodities business there is still a substantial amount of physical paper and manual labour involved the daily processes, which can cause long settlement times and bring along certain operational risks. With komgo we are going to be able to take out a substantial part of the manual handlings and make our processes faster and easier for our customers.”

Partners of Rabobank in komgo, managed and operated as an independent entity, are BNP Paribas, Citi, ABN AMRO, Crédit Agricole Groupe, Gunvor, ING, Koch, Macquarie, Mercuria, MUFG Bank, Natixis, Shell, SGS and Societe Generale.

The investment in komgo marks the ninth investment of Rabo Frontier Ventures, which was established by Rabobank in March 2017. The stated mission of the 70-million-euro fund is to invest in high-potential FinTech and Food & Agricultural companies which align with the bank’s strategic direction and offer new long-term opportunities for clients.

komgo will start with two products, expected to launch before year-end. The first one will standardize and facilitate Known Your Customer (KYC) process without using a central database: the exchange of documents will be executed in an encrypted way over the blockchain on a need to know basis. The second product will be digitalizing of letters of credit, allowing commodity houses or other platforms to submit digital trade data and documents to komgo customer banks of their choice. komgo will be developed in partnership with ConsenSys and has been incorporated in Geneva.

Read more about Rabo Frontier Ventures and komgo

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Press release Thu, 20 Sep 2018 11:04:20 GMT 257385
<![CDATA[Industry players and banks join forces to launch blockchain platform to transform commodities trade finance]]> https://www.rabobank.com/en/press/search/2018/20180919-industry-players-and-banks-join-forces-to-launch-blockchain-platform-to-transform-commodities-trade-finance.html?utm_medium=RSS

This is a joint press release, made by komgo

Fifteen of the world’s largest institutions, including banks, trading companies, an inspection company and an energy major have formed a new venture known as komgo SA, that will seek to digitalise the trade and commodities finance sector through a blockchain based open platform. The founders of this new company, managed and operated as an independent entity, include companies from: ABN AMRO, BNP Paribas, Citi, Crédit Agricole Group, Gunvor, ING, Koch Supply & Trading, Macquarie, Mercuria, MUFG Bank, Natixis, Rabobank, Shell, SGS and Societe Generale.

“The launch of komgo SA highlights a shared vision for industry innovation and underlines the ongoing commitment among members to build a truly open and more efficient network within commodity trading”, said Souleïma Baddi, Chief Executive Officer of komgo SA.

The core team of the two successful blockchain based Proofs of Concept (PoC) previously tested in energy and soft commodities trading have joined komgo SA to develop a decentralised Ethereum blockchain based platform.

“The potential that distributed ledger technologies (DLT) have in transforming the commodities sector is clear as evidenced with the success of the Easy Trading Connect experiments” said Toon Leijtens, Chief Technology Officer of komgo SA. “We can now achieve a long-term ambition to improve security and operational efficiency in the commodity trade finance sector.”

Rabobank is one of the participants in the Ethereum blockchain based platform. Michiel Teunissen, Head of Innovation Trade & Commodity Finance at Rabobank: “Komgo SA fits perfectly in the digitalisation strategy of Rabobank's Trade & Commodity Finance to make our processes faster and simpler for our customers.”

The platform will be developed in partnership with ConsenSys, the largest formation of technologists and entrepreneurs building applications, infrastructure, and solutions on the Ethereum network. Joseph Lubin, Co-founder of Ethereum, and Founder of ConsenSys said “We are now entering a new era of simple and inclusive access to blockchain technology to advance stronger, more collaborative, business relationships previously out of reach. We are thrilled to see leading commodity trade finance banks and commodity houses come together to create komgo SA, which will radically simplify and accelerate trustworthiness, auditability, and accessibility to trade financing across the industry.”.

komgo SA is a secured platform that is part of an emerging global ecosystem aiming to optimise the whole flow of physical commodity operations.

komgo SA will start with two products, expected to launch before year end. The first one will standardize and facilitate KYC process without using a central database: the exchange of documents will be executed in an encrypted way over the blockchain on a need to know basis. The second product will be digital letters of credit, allowing commodity houses or other platforms to submit digital trade data and documents to komgo SA customer banks of their choice. Due to a strong overlap of shareholders between komgo SA and VAKT, incorporated in 2017 to develop a blockchain based post-trade processing platform for commodities, the two companies will explore synergies between both platforms moving forward.

komgo SA has been incorporated in Geneva, one of the main worldwide commodity-based clusters, and benefits from the strong support of the Canton de Genève.

Read more: www.komgo.io

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Press release Wed, 19 Sep 2018 08:34:00 GMT 257355
<![CDATA[Rabobank: Wiebe Draijer appointed to second term]]> https://www.rabobank.com/en/press/search/2018/20180912-rabobank-wiebe-draijer-appointed-to-second-term.html?utm_medium=RSS The Supervisory Board of Rabobank has appointed Wiebe Draijer to a second four-year term. His new term as Chairman of the Managing Board will commence on 1 October 2018.

Ron Teerlink, Chairman of the Supervisory Board: ‘The Supervisory Board is delighted with the results Rabobank has achieved during Wiebe Draijer’s first term. Rabobank is successfully undergoing a far-reaching transition and we are glad that Wiebe will lead the bank for another four years.’

Wiebe Draijer: ‘I am very pleased with the Supervisory Board’s confidence. Thanks to the dedication of all the employees, Rabobank has achieved good results over the past four years. Customer satisfaction has risen and the financial results have improved. Rabobank is a sound bank with high capital buffers that plays a very meaningful role in society as a cooperative. I am extremely motivated to lead the further development of our wonderful Rabobank together with my colleagues on the Managing Board in the coming years. Our mission of “Growing a better world together” will be leading in this endeavour.’

Wiebe Draijer joined the Rabobank Executive Board on 1 October 2014. He was born in 1965 and studied mechanical engineering at the Delft University of Technology. He earned his MBA at Insead Business School in 1992. From 1990 through 2003, he served as a consultant at McKinsey. He was appointed this organisation’s Managing Partner Netherlands in 2004 and Managing Partner Benelux in 2006. Wiebe Draijer became Chairman of the Social and Economic Council of the Netherlands (SER) on 1 September 2012. In this position he played a decisive role in the realisation of the Dutch Energy Agreement on Sustainable Growth. Wiebe Draijer is married and has four children.

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Press release Wed, 12 Sep 2018 13:11:16 GMT 257212
<![CDATA[Tellow book-keeping tool will soon be available to all self-employed professionals ]]> https://www.rabobank.com/en/press/search/2018/20180912-tellow-book-keeping-tool-will-soon-be-available-to-all-self-employed-professionals.html?utm_medium=RSS Following an internal start at Rabobank, the Tellow book-keeping tool will continue as a separate company offering online book-keeping support to all self-employed professionals in the Netherlands, not just Rabobank clients. Tellow is an automated book-keeping app which is connected to a commercial bank account.

With over 15,000 registrations to use Tellow, the time is ripe to open up the app to self-employed professionals who do their banking elsewhere. This will be possible from late October. “Through innovative solutions like Tellow we are realising our mission of helping entrepreneurs to grow. Tellow offers digital convenience and makes book-keeping simple, giving self-employed professionals more time to grow their business. The spin-off shows that Tellow is ready for the next stage,” says Kirsten Konst, head of Commercial Banking and member of Rabobank’s Managing Board.

The spin-off will further enhance the Tellow identity and brand. Roel Smelt, the new CEO of Tellow: “The number of freelancers is clearly growing. Through Tellow we reduce the burden of administration for entrepreneurs, giving them more time to do what they’re good at: developing their business as professionals!”

Tellow originated in 2016 from the Rabobank’s Moonshot internal accelerator programme which encourages employees to come up with innovative ideas and develop them in-house to bring them to market.

Rabo Frontier Ventures (RFV), Rabobank’s strategic investment fund, is investing in Tellow to give self-employed professionals peace of mind, as part of RFV’s Financial Cruise Control theme. RFV believes the start-up has great international potential given the opportunities arising from the new European Payment Services Directive (PSD2).

Read more about Tellow (in Dutch only)

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Press release Wed, 12 Sep 2018 10:11:28 GMT 257199
<![CDATA[Rabobank Launches Food Loss Challenge Asia for start-ups]]> https://www.rabobank.com/en/press/search/2018/20180823-rabobank-launches-food-loss-challenge-asia-for-start-ups.html?utm_medium=RSS Rabobank, a leading global bank in food & agri and sustainability, is proud to announce the launch of the Food Loss Challenge Asia. Debuting in Asia, the open innovation Challenge will see disruptive start-ups present their ag-tech solutions to reduce food loss to a platform of leading Food & Agri industry leaders, investors and other start-ups.

The Challenge aims to address the global problem of food loss. Every year, 1.3 billion tons of food is lost worldwide whilst world population is expected to increase by 2 billion people to over 9 billion people. To meet the increased demand for food, global food production will have to increase by at least 60%, while at the same time arable land and natural resources are nearing their limits. To address this fundamental concern, Rabobank is committed to contribute to one of the most pressing issues identified by the UN Sustainable Development Goals to halve food loss by 2030. Against this backdrop, Rabobank Asia is launching the Food Loss Challenge Asia, an initiative to facilitate constructive dialogue between solutions providers, F&A corporates and small holder farmers.

“As the leading global bank in food & agri and sustainability , Rabobank recognizes its responsibility to help address the world’s food challenges of increased demand for food, changing consumer preferences and the need for sustainable food production ,” says Rabobank Asia CEO Diane Boogaard. “This is why we kick-start the Food Loss Challenge Asia with our partners. One of our priorities is to leverage on our food & agri knowledge and expertise, and advise our clients to adopt a more sustainable food production. This will enable a more efficient use of raw materials and will improve the stability of food supply and efficiency of the food value chain.”

“Most food loss happens on the journey between the farm and the supermarket shelf,” explains Mark van Binsbergen, CEO Rabobank Singapore and Innovation Lead for Rabobank in Asia. “Hence we are looking for innovative ag-tech solutions mainly focusing on the pre-consumption phase. Solutions could be in the area of improving agricultural production and farm management, quality control, market access, logistics, packaging & preservation and processing,” says Mark.

Rabobank Foundation Head of Innovations Albert Boogaard adds, “Especially at the farmer’s level, we see huge opportunity for improvement. While productivity is increasing, the supporting post-harvest infrastructure has not kept the pace and a substantial part of produce is lost even before the harvest takes place. Since the vast majority of farmers in Asia are smallholders we are excited to be involved in this challenge as the impact for our target group can be huge,” says Albert.

“For Rabobank it is important to help spur innovative and technology solutions that will help address the world’s food challenges. The Challenge provides an exciting platform for start-ups to access mentorship and connections to grow their businesses. We look forward to the applications!,” concludes Diane Boogaard.

Applications for Rabobank Food Loss Challenge Asia are now open. Start-ups that are both product-ready and business-ready are encouraged to apply before Wednesday, 19 September 2018, 23:59 hours Singapore time. The Top-20 shortlisted will be invited to attend the Pitch Day in Singapore on 26 October 2018. The Top-5 Finalists will be invited to the Finale in Singapore at Rabobank Asia’s Food & Agribusiness Advisory Board meeting, which is Rabobank Asia’s premier event bringing together C-suite level decisions makers of leading food and agribusiness companies.

The Challenge is supported by Rabobank Foundation and Partners of Rabobank who all want to contribute to Rabobank’s mission of Growing a Better World Together. They will act as judges of the Challenge and will share insight or tips to help selected start-ups scale their impact:

  • Archer Daniels Midland Company, one of the world’s largest agricultural processors and food ingredient providers, with approximately 31,000 employees serving customers in more than 170 countries;
  • Charoen Pokphand Group, a globally integrated agro-industrial and food business that strives to be the “Kitchen of the World” and deliver high-quality products for 4 billion consumers;
  • UPL Ltd, a leading company with integrated technology based solutions for crop protection, seeds & post-harvest solutions, is engaged with large & small holding farmers to increase both, productivity and farm income. Headquartered in India, UPL Ltd. has a sales turnover of $2.5 billion and is present in 130 countries;
  • Olam International, a leading agri-business operating across the value chain in 66 countries, supplying various products across 18 platforms to more than 22,000 customers worldwide. Headquartered in Singapore, from a direct sourcing and processing presence in most major producing countries, Olam has built a global leadership position in many of its businesses.
  • Temasek, an investment company headquartered in Singapore with a global presence across 11 offices including London, New York and San Francisco.

Find out more about the Food Loss Challenge Asia at www.foodlosschallenge.asia

For information about submissions to the Food Loss Challenge, contact info@padang.co
For information about partnership / collaboration, contact alais.faucon@rabobank.com

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Press release Thu, 23 Aug 2018 08:00:33 GMT 256909
<![CDATA[Rabobank: EUR 1,698 million net profit in first half 2018]]> https://www.rabobank.com/en/press/search/2018/20180816-rabobank-eur-1-698-million-net-profit-in-first-half-2018.html?utm_medium=RSS


  • Upward trend in customer satisfaction for 3rd consecutive year.
  • Rabobank was named Industry Leader by Sustainalytics and was the highest scoring major Dutch bank in the latest Sustainable Brand Index.
  • Net profit EUR 1,698 million (+12%).
  • Negative impairment charges thanks to favorable economic developments and careful credit management.
  • Solid capital position: fully loaded common equity tier 1 ratio up from 15.5% to 15.8%.

In the first half of 2018 Rabobank posted a net profit of EUR 1,698 million, 12% more than in the first half of 2017. This result was underpinned by favorable economic conditions, which contributed to a net release in impairment charges. Income remained more or less stable and costs fell causing the cost/income ratio to improve. The private sector loan portfolio and the deposits from customers increased. Underlying profit before tax, adjusted for the impact of restructuring costs and fair value items, came out 2% higher. Rabobank's capital base is strong: the fully loaded common equity tier 1 ratio rose once again and now stands at 15.8%. The return on invested capital was 8.8%, exceeding the targeted 8.0% (1H 2017: 7.8%).

“We are on track with the implementation of our Strategic Framework for 2016-2020. We have achieved our goals in many areas. In line with our ambitions, we have improved our customer service and financial performance. We are dedicating great vigor to putting our mission of ‘Growing a better world together’ into practice. We want to ensure that we can build on this momentum in the coming years in a rapidly changing environment. Our employees are center stage in this process. They are the ones making our bank’s transition a reality, and we are deeply grateful for their efforts, especially given the scope and number of changes on the agenda within our organization this year.”

“Once again we have concentrated our efforts on improving our customer focus and making our cooperative bank more robust. Innovation and sustainability are our top priorities. Both in the Netherlands and abroad, our awareness-raising campaigns have focused on social issues like good financial health, the importance of growth for entrepreneurs, and reducing food waste. In addition, we invested great effort in improving sustainability throughout the food chain. Customers are rewarding our efforts with higher customer satisfaction scores, which is a great compliment for our employees.”

Net profit grew by 12% to EUR 1,698 million. Thanks to the favorable economic climate, impairment charges landed at EUR -37 million, which translates into -2 basis points of the average loan portfolio (the long-term average is +34 basis points), positively impacting net profit. While net interest income fell slightly due to the continuing low interest rate environment, total income increased by 2%. The private sector loan portfolio rose by EUR 7.6 billion to EUR 415.7 billion in the first half of 2018. More clients obtained a loan from Rabobank, particularly in the Wholesale, Rural & Retail (WRR) sector and at our leasing subsidiary DLL. The WRR loan portfolio rose by 6% to EUR 106.2 billion. In line with our Banking for Food strategy, 60% of this portfolio was invested in Food & Agri. In the Netherlands, the sale of the FGH Bank’s residual loan portfolio completed the winding down of the non-strategic elements of our commercial real estate loan portfolio. Partly due to extra mortgage repayments, we saw Rabobank's total mortgage portfolio decrease in the first half of 2018 to EUR 191.8 billion. Rabobank's market share for new mortgages declined from 22% to 20%. In April, Rabobank successfully introduced Vista Hypotheken. Vista offers annuity and linear mortgages through independent intermediaries and is an excellent addition to our existing mortgage offer and advisory proposition. Vista Hypotheken’s innovation is a cooperation with Robeco, which created a mortgage fund for institutional investors. Loans to the Dutch SME market went up to EUR 85.8 billion. Total deposits from customers increased by EUR 3.4 billion to EUR 346.6 billion. Operating expenses declined by 4%, improving the cost/income ratio (including regulatory levies) by 3 percentage points and bringing it to 64.6% (1H 2017: 67.6%), but still falling short of the intended timeline. Partly because ongoing digitalization in the financial sector requires additional investments, we will continue to devote special attention to this priority. Staff levels decreased slightly in the first half of 2018. Many jobs were phased out of local Rabobanks, partly because of the regional clustering of similar positions.”

“Rabobank's strong capital position improved even further in the first half of 2018. Rabobank aims to achieve a common equity tier 1 ratio of at least 14% and a total capital ratio of at least 25% in 2020. The fully loaded common equity tier 1 ratio rose from 15.5% to 15.8%. The total capital ratio remained stable at 26.1%. This means that the capital targets for 2020 have already been achieved, putting Rabobank in a strong position to meet the future Basel IV capital requirements on time. We will, of course, continue to further strengthen our buffers."

“It is important to Rabobank to be close to our clients so that outstanding service, both digitally and in person, remains the norm. The continuing digitalization all around us means that our clients’ needs and expectations are changing. Rabobank is restructuring its local banking business in the Netherlands so it can keep pace with digitalization. Soon, the local banking business will consist of around 90 local Rabobanks with hundreds of branches and physical contact points. The local Rabobanks will remain responsible for the daily service provision to retail customers and private banking clients, the SME sector, and large corporates. For specialist knowledge, they will be supported by 14 regional specialist teams located at 14 of the 90 local Rabobanks. This new model maintains the robust local presence which we need to continue making a distinctive impact in society and ensure outstanding customer service digitally and in person."

“In the Netherlands digitalization of our service provision is moving at tremendous speed. In the first half of 2018, we introduced different digital innovations. More and more services are being offered online. In the Netherlands, 59% of our retail customers and 81% of our business clients now do their banking through our digital channels. The Rabo Banking App is extremely popular, with almost 100 million visits recorded each month. The App has high ratings and was recently updated to enable payments to third parties in compliance with PSD2 legislation. Rabobank’s IBAN Name Check service has substantially reduced the number of payment transactions made to the wrong account. Account holders of other Dutch systemic banks are now also able to use this tool. Rabobank is the only Dutch bank to participate in the consortium of European banks which developed the We.trade block chain platform on which Rabobank clients have now conducted their first transactions.”

“Our F&A Innovation Fund made its first two investments, in Biolumic (New Zealand) and in Vence (U.S.A.). A new initiative called mOOvement, which focuses on digital cattle management, will be piloted in Australia later in 2018. This innovation initiative was originated in our in-house innovation stream. Our FoodBytes! pitch program, which is designed to support client innovations, has now held 12 events on 3 continents involving 1,300 start-ups from over 30 countries. In May 2018, Rabobank organized the third edition of F&A Next, in partnership with the University of Wageningen in the Netherlands. Investors and F&A start-ups from all over the world took part."

“Rabobank has ambitious plans for sustainability in the Netherlands and abroad. We are working hard to make them a reality. In June, Sustainalytics awarded Rabobank the title of ‘Industry Leader’. In the latest Sustainable Brand Index, Rabobank was the highest scoring bank of the major Dutch banks (and received 3rd place in the financial services sector). Given our market position, the Food & Agri sector and the real estate market in the Netherlands are our key focus areas for sustainability. Clients who own commercial or residential property need to act quickly to improve their energy efficiency. Rabobank is closely involved in the creation of the Dutch Climate Agreement through its participation in the relevant sector bodies. All Rabobank premises in the Netherlands will have a C or A energy label by 2020 and 2027, respectively. In April we signed a partnership agreement with Vandebron to incentivize our retail customers to use renewable energy. In June we introduced the Rabo Green Construction Deposit Account to motivate clients to make their homes more energy efficient.”

“Rabobank is doing its utmost to expedite compensation for clients with interest rate derivatives with great care. We deeply regret the delays in this process that have affected many clients.”

“The Dutch Food & Agri sector—in particular arable farming, dairy farming, and horticulture—has recently been affected by persistent drought. It is too early to tell how much damage individual companies will sustain. Those that are basically performing well can count on Rabobank’s help when financial difficulties arise.”

“Rabobank has reached the halfway point of implementing its strategy for 2016-2020. The main objectives are providing excellent customer focus, improving our financial results and fulfilling our mission. We expect economic growth to continue in 2018 and into 2019 and the interest rate environment is not likely to change anytime soon. We are dedicating great vigor to digitalization and innovation which requires additional investments and presents an extra challenge to realizing the improvements we envisage for our cost/income ratio. Even though we live in geopolitically unpredictable times, we will confidently continue to implement our strategy, with our mission of ‘Growing a better world together’ as our compass."

Rabobank Press Office
+31 (0) 30 216 2758 of pressoffice@rabobank.nl

Rabobank Investor Relations
+31 (0)30 712 2401 of IR@rabobank.com

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Press release Thu, 16 Aug 2018 07:30:17 GMT 256695
<![CDATA[Rabobank upwardly adjusts its price forecast for the Dutch housing market: prices expected to rise 8.7% in 2018]]> https://www.rabobank.com/en/press/search/2018/20180815-rabobank-upwardly-adjusts-its-price-forecast-for-the-dutch-housing-market-prices-expected-to-rise-8-7-in-2018.html?utm_medium=RSS In the first half of 2018 Dutch homebuyers paid on average 8.9% more for owner-occupied homes than in the previous year. This is higher than expected because, among other reasons, overbidding has become much more widespread. Prices are now forecast to rise by 8.7% in 2018 as a whole, Rabobank economists write in their Dutch Housing Market Quarterly. They had previously predicted an 8.0% price hike. In contrast with prices, home sales are declining a tad quicker than previously anticipated.

Senior housing economist Christian Lennartz explains: ‘The current high prices for owner-occupied homes are undermining buyers’ confidence in the housing market. Consumers who feel it is an unfavourable time to buy a house now outweigh those that feel it is still a favourable time.’ He expects that such waning confidence, together with increasingly limited choice for both first-time and next-time buyers, will dampen sales activity. ‘For 2018 as a whole we expect around 225,000 transactions, compared to 2017’s 242,000’.

Scarcity of housing is one of the main drivers behind the current price boom in the Netherlands, and increasing construction is therefore one of the main goals of the government coalition. This is a tough challenge, Lennartz explains: ‘In the first half of this year the number of building permits issued has declined. At this rate the construction of new homes will keep lagging behind household growth.’

Read the full Dutch Housing Market Quarterly on https://economics.rabobank.com/

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Press release Wed, 15 Aug 2018 07:22:58 GMT 256791
<![CDATA[Rabobank Launches First Ever ESG leader Commercial Paper and Certificate of Deposit Programme]]> https://www.rabobank.com/en/press/search/2018/20180813-rabobank-launches-first-ever-esg-leader-commercial-paper-and-certificate-of-deposit-programme.html?utm_medium=RSS Rabobank is the first issuer to launch an “ESG Leader” Commercial Paper and Certificate of Deposit Programme in the money market (the “ESG Leader Programme”). The ESG Leader Programme offers short term investments in Rabobank as a leader in environmental, social and governance (ESG) which may be labelled as ESG investments. This innovative ESG Programme is in line with Rabobank’s ongoing efforts in being at the forefront for a stronger and sustainable future. The ESG Leader Programme provides investors with more diversified investment opportunities and contributes to capital being channelled to more sustainably operating companies.

Rabobank is the first company to launch such an ESG-labelled Programme as an ESG leader. The first launch that amounted to EUR 1.2 billion was highly successful in view of immediate acceptance by the buy-side market parties. The size of the program is EUR 5 billion maximum. Rabobank may issue ESG Leader paper as long as it maintains its ESG Leader status as assessed by Sustainalytics.

Robert Ruisch, head of Rabobank’s Commercial Paper and Certificates of Deposit Trading Desk, says: “We noticed that money markets did not yet offer products to responsible investors, which limits investors seeking both diversification of their investments and higher positive impacts of their investments. Our new programme opens the opportunities to do so for investors.” Frank Beset, head of Rabobank’s Treasury Liquidity Management: “The programme offers us the opportunity to diversify our funding instruments and cater specifically to the needs of responsible investors. Moreover, we want to be a first mover in responsible finance and investing products, just as we have been part of the launch of Green Bonds, Social Bonds, and Green Loans from their very start.”

The ESG Leader classification of Rabobank is based on an independent assessment of our environmental, social and governance performance by Sustainalytics, a leading global provider of environmental, social and corporate governance (ESG) research and ratings. Sustainalytics provides research and ratings on 11,000 companies in terms of their ESG performance, and then ranks these companies relative to industry peers. Sustainalytics rates a company’s ESG performance on a 0 to 100 point scale. Companies who rank among the top 5% of their industry peers are classified as ESG Leaders within Sustainalytics’ coverage universe. Rabobank has a top 5% position in its industry.

In capital markets, where investments have a longer time horizon, bonds are deemed sustainable when they comply with market standards like the Green Bond Principles or Social Bond Principles, of which Rabobank is a founding member. A prime characteristic of the sustainable bond market is the focus on a sustainable use of proceeds: bond issuers are transparent about the projects and assets which are financed by the bond, and they disclose environmental or social benefits and impacts of those projects. This approach, however, is not fit for commercial papers and certificates of deposit, due to their short term nature: loans are redeemed by the issuer within a year and deposits are returned to the depositor within a year. Portfoliomanagement and reporting efforts would overburden these instruments. Loans may have already been redeemed or deposits have been returned to the depositor when the reports would become available. “Hence, we sought other ways to qualify these money market instruments in a robust way that provides trust to the investors that their money is invested with a company that is recognized as a leader for its environmental, social and governance performance, through independent, rigorous and systematic research by Sustainalytics”, says Olaf Brugman, head of Rabobank’s Sustainable Markets Desk.

This first of its kind application of ESG research and ratings to money market instruments is made possible by the innovative power of Rabobank and the respected independence of Sustainalytics. Applying its ESG Leader classification, Rabobank is able to offer ESG-qualified short term money market investment opportunities to investors, in addition to offering access to longer term capital investments such as Green Bonds.

For more information:
Rabobank Press Office: + 31 (0)30 2162758; pressoffice@rabobank.nl
Robert Ruisch, Head of CP/CD Trading: +31 (0)30 2169752
Frank Beset, Head of Liquity Management, Treasury: +31 (30) 2169657

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Press release Mon, 13 Aug 2018 09:47:45 GMT 256736
<![CDATA[Precision Farming, Packaging Reinvention, Food Waste Innovation + Supply Chain Transparency at Food Startup Pitch Competition]]> https://www.rabobank.com/en/press/search/2018/20180730-food-startup-pitch-competition.html?utm_medium=RSS Twenty selected sustainable Food & Agriculture startups will demonstrate product innovation, commercial viability and all have one common denominator – a focus on sustainability throughout the supply chain through pioneering new products and technologies. FoodBytes! offers the opportunity for these selected entrepreneurs to showcase their innovations in front of investors, corporates and media, as well as receive mentorship from industry leaders. FoodBytes! will make its London debut at One Marylebone on Thursday, 13 September.

Precision agriculture is the dominant theme amongst the startups, including AI-powered dairy farming and data-driven beekeeping. Packaging innovation and novel food waste applications will also take the stage, with a flat wine bottle made from recycled PET and crisps made from upcycled salmon skin. Supply chain transparency is another central trend, including light-emitting hardware that reduces seafood bycatch and the first portable food safety DNA detection kit.

Nick Fereday, Executive Director - Food & Consumer Trends at Rabobank and FoodBytes! London judge commented: “This is Rabobank’s first FoodBytes! event in London and we are blown away by the calibre of the presenting companies that are developing technologies and products to disrupt the food system, whether it is to improve the transparency of the supply chain or bring alternative proteins to the market.”

Find here the FoodBytes! press release with a list of the 20 pitching startups and more information about the FoodBytes! programme on 13 September.

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Press release Mon, 30 Jul 2018 16:06:53 GMT 256487
<![CDATA[Restaurant van de toekomst opent op Lowlands]]> https://www.rabobank.com/en/press/search/2018/20180730-restaurant-van-de-toekomst-opent-op-lowlands.html?utm_medium=RSS Met Brasserie 2050 is Lowlands dit jaar een bijzonder horecaconcept rijker. Verrassende gerechten met toekomstbestendige ingrediënten, waaronder zeewierkaviaar, planktonboter en onkruid, moeten niet alleen de smaakpapillen van festivalgangers prikkelen, maar ook aanzetten tot denken. Het restaurant, een initiatief van Rabobank en Lowlands, staat dan ook in het teken van het wereldvoedselvraagstuk. Hoe gaan we in 2050 bijna 10 miljard mensen van voldoende gezond en duurzaam geproduceerd voedsel voorzien?

Een hyperlokale versie van de Niçoise - Salade Biddinghuizen - siert onder andere de menukaart. Met CO2-neutrale eieren, croutons van aardappelschillenbrood en groenten van Boer Bouma, wiens akker aan het festivalterrein grenst. De midnight snack bij uitstek is Karma Shoarma: 100% plantaardige shoarma van knolselderij, die volgens klassiek recept urenlang tot goudbruin aan het spit wordt geroosterd. Maartje Nelissen van The Food Line-Up, verantwoordelijk voor het culinaire concept: “Ieder gerecht is gekoppeld aan een voedselvraagstuk, zoals biodiversiteit of zero waste. Een nauwkeurige CO2-meting berekent daarnaast de klimaatimpact ten opzichte van traditionele brasseriegerechten”, Duurzaamheid speelt ook op andere manieren een rol. De moderne boerenschuur met hightech vertical farms, die Brasserie 2050 huist, is volledig demontabel en herbruikbaar, tafels zijn gemaakt van gerecycled plastic en gft-afval wordt gecomposteerd.

Brasserie 2050 is een initiatief van Lowlands en Rabobank, in samenwerking met cateringbureau The Food Line-Up. Om de wereldbevolkingsgroei bij te benen, moet de voedselproductie met zo’n 60% omhoog en de ecologische impact ervan met 50% omlaag. Het is noodzakelijk dat we anders gaan eten, verbouwen én produceren. Vanuit haar food en agri roots ziet Rabobank het als haar opdracht om bij te dragen aan deze uitdaging. Met kennis, netwerken en financiële oplossingen zet Rabobank zich in om klanten en partners te helpen hun innovatieve oplossingen op te schalen en door te ontwikkelen langs de gehele voedselwaardeketen: van veld tot vork.

Meat the future expositie

In samenwerking met Next Nature Network presenteert Brasserie 2050 een mini-expositie over kweekvlees. Sommige wetenschappers verwachten dat deze technologische doorbraak een duurzaam en diervriendelijk alternatief kan bieden voor het vlees van vandaag. Maar voordat we kunnen bepalen óf we ooit bereid zullen zijn kweekvlees te consumeren, moeten we de eetcultuur die het ons brengt verkennen.

Brasserie 2050 is geopend vanaf vrijdag 17 tot en met zondag 19 augustus 2018 en bevindt zich op het Lowlandsterrein, rechts naast de Heineken stage. Gasten kunnen dagelijks van 12.00 tot circa 02.30 uur aanschuiven, zonder reservering.

Brasserie 2050]]>
Press release Mon, 30 Jul 2018 12:06:38 GMT 256532
<![CDATA[Rabobank and EIB expand support for environment-conscious entrepreneurs]]> https://www.rabobank.com/en/press/search/2018/20180727-rabobank-and-eib-expand-support-for-environment-conscious-entrepreneurs.html?utm_medium=RSS

  • EUR 250 million for front-running SMEs with one of the selected quality marks for environmental performance. 
  • The facility follows three earlier ‘impact loans’, for a total of EUR 350 million, that have supported nearly 300 Dutch SMEs. 
  • Selected SMEs will enjoy an interest rate discount from 0.30-0.70% thanks to EIB backing.

Following three earlier successful operations, the Rabobank and the European Investment Bank (EIB) are launching an expanded EUR 250 million ‘impact loan’ for SMEs in the Netherlands. So far, nearly 300 environmentally-conscious businesses in the Netherlands have already benefitted from advantageous lending conditions of the EIB-backed impact loans with the Rabobank.

Wiebe Draijer, Chairman of Rabobank’s Managing Board, said: ‘Impact loans are a success. Our employees are highly motivated to work with customers and explore how they can invest in sustainability. Impact loans contribute to the objectives of the Paris agreements. We are investigating whether impact loans can also be deployed to finance circular economy initiatives. The demand for impact loans is likely to increase since sustainability is a top priority for all businesses, which is why customers are very positive about the impact loans. The interest rate discount is both a reward for frontrunners in sustainability and an incentive for them to keep up the good work.’

‘This initiative rewards those businesses that have made a real effort to become greener’, added the EIB’s President Werner Hoyer. ‘Thanks to the excellent collaboration with the Rabobank, frontrunners in different sectors get the chance to further expand their businesses, or finance other innovative plans. The expansion of the impact loans is all the more telling in the light of the Paris agreements; it shows that doing green business makes economic sense.’

Impact loans are available to entrepreneurs who are frontrunners in their sector, are demonstrably engaged in corporate social responsibility and possess one of the selected quality marks. Applications for an impact loan have to meet the normal conditions of the EIB and Rabobank. Impact loans are available for businesses with up to 3,000 employees. The total investment may not exceed EUR 25 million and the loan principal is capped at EUR 7.5 million. The final loan approval decision rests with Rabobank.

The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals. Last year the EIB provided some EUR 2.17 billion for projects in the Netherlands.

Rabobank is an international financial services provider operating on the basis of cooperative principles. It offers retail banking, wholesale banking, private banking, leasing and real estate services. As a cooperative bank, Rabobank puts customers’ interests first in its services. Rabobank is committed to being a leading customer-focused cooperative bank in the Netherlands and a leading food and agri bank worldwide. Rabobank employs approximately 43,810 people internally and externally. Rabobank Group is active in 40 countries.

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Press release Fri, 27 Jul 2018 08:25:36 GMT 256443
<![CDATA[Rabobank introduceert mobiel bankieren met voice]]> https://www.rabobank.com/en/press/search/2018/20180726-rabobank-introduceert-mobiel-bankieren-met-voice.html?utm_medium=RSS Rabobankklanten kunnen vanaf vandaag met hun stem hun banksaldo opvragen en een budget instellen met de Rabo Assistent. De Rabo Assistent is een nieuwe feature die werkt via de Nederlandstalige Google Assistent. Deze is vanochtend door Google gelanceerd.

De komende dagen stelt Google de Google Assistent beschikbaar voor de meeste Android en Apple smartphones en tablets. De Rabo Assistent activeren kan door de Google Assistent te openen en ‘Oké Google, praat met Rabobank’ in te spreken. Daarna koppelt de gebruiker zijn Rabobankrekening aan de Google Assistent om aan de slag te gaan en te praten met Rabobank. Op dit moment kan een klant met zijn stem het saldo opvragen, een budget instellen (bijvoorbeeld voor een vakantie) en budgetmeldingen ontvangen (de klant krijgt een seintje als hij een bepaald bedrag heeft uitgegeven). De functionaliteiten passen in de ambitie van Rabobank om klanten te helpen een financieel gezonde toekomst op te bouwen en innovatieve oplossingen aan haar klanten te bieden.

Finbar Hage, hoofd Data & Analytics van Rabobank: Rabobank wil vooruitstrevend zijn in het bieden van vernieuwende en innovatieve producten en diensten die aansluiten bij de wensen van haar klanten. Interactie via de stem is een veelbelovende mogelijkheid die onze klanten gemak en snelheid kan gaan bieden. Daar willen we vroegtijdig ervaring mee opdoen.’

De Rabo Assistent is nog volop in ontwikkeling. De verschillende mogelijkheden worden de komende tijd verder uitgebreid op basis van feedback van klanten.

De Rabo Assistent verbindt spraaktechnologie aan bestaande bankdiensten. Veiligheid en toegang worden door Rabobank uiteraard met de grootste zorgvuldigheid behandeld. Google slaat de gegevens niet op, maar laat deze uitspreken door de Google Assistent. Google heeft geen toegang tot de rekeninginformatie van klanten.

Met de Google Assistent geven gebruikers verschillende opdrachten met hun stem, zoals het opvragen van het weer of het checken van het saldo op een bankrekening. Naast de eigen functies van Google hebben consumenten vandaag ook toegang tot de integratie van de Google Assistent voor verschillende bedrijven, waaronder Rabobank met Rabo Assistent. Deze zijn ontwikkeld met behulp van het open ontwikkelplatform van Google, Actions on Google. Hiermee kunnen bedrijven applicaties bouwen en rechtstreeks communiceren met klanten via de Google Assistent.

Rabo Assistent]]>
Press release Thu, 26 Jul 2018 15:29:59 GMT 256410
<![CDATA[Global Dairy Top 20 – A Shuffling of the Deck Chairs]]> https://www.rabobank.com/en/press/search/2018/20180726-global-dairy-top-20-a-shuffling-of-the-deck-chairs.html?utm_medium=RSS Dairy price recovery in 2017 has positively affected the combined turnover of the top 20 companies, which, in 2017, was up 7.2% on the year in US dollar terms and 5.1% in euro terms, according to Rabobank’s latest Global Dairy Top 20 – A Shuffling of the Deck Chairs report.

“For the second consecutive year, there were no new entrants to the Dairy Top 20 list, with the USD 5bn threshold difficult to achieve due to a scarcity of large acquisitions or mergers.” says Peter Paul Coppes, Senior Analyst – Dairy at Rabobank. “However, while the names have remained the same, the order shifted in 2017.”

The world's largest food & beverage company, Switzerland's Nestlé, reigns supreme on the list, but the gap between number one and number two has narrowed. French Lactalis swapped places with compatriot Danone and moved into second place, boosted by its acquisitions of US yoghurt businesses Stonyfield and Siggi’s. Danone slipped to the third spot, after divesting Stonyfield following the acquisition of WhiteWave, reducing its stake in Yakult, and selling its holdings in the Al Safi Danone joint venture in Saudi Arabia.

Other highlights from the Dairy Top 20 report include:

Merger-and-acquisition (M&A) activity in the dairy sector grew in 2017, fuelled – as in other sectors – by the availability of cheap capital. However, unlike other food & agribusiness sectors, the megadeals which did occur – Danone/WhiteWave and Saputo/Murray Goulburn – had limited impact on rankings within the Global Dairy Top 20.

The dairy sector trails other sectors in terms of industry consolidation through large-scale acquisitions. That is not to say that M&A doesn't occur in the dairy sector – it just means that dairy acquisitions tend to be limited in size and financial impact.

Chinese companies need to address the integration of non-Chinese management as they consider growth opportunities around the globe. Increased collaboration between Chinese and non-Chinese companies in China has the potential to create a pipeline of global management talent.

Historically, the dairy industry was very local. That is, milk production, processing, and consumption occurred locally. This was particularly true in markets dominated by fluid milk consumption. However, economies of scale in milk production and the conversion of milk into longer shelf-life products like butter, cheese, and dry dairy ingredients has required many dairy companies to be more globally-oriented.

Rabobank sees an increased amount of ‘disruption’-based M&A deals, either defensive or opportunistic. By nature these deals are often small and involve start-ups, but they are growing in volume.

Click here to download the report

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Press release Thu, 26 Jul 2018 09:06:31 GMT 256427
<![CDATA[Rabobank breidt functionaliteit bunq verder uit in Rabo app]]> https://www.rabobank.com/en/press/search/2018/20180718-rabobank-breidt-functionaliteit-bunq-verder-uit-in-rabo-app.html?utm_medium=RSS Rabobankklanten die ook een betaalrekening bij bunq hebben, kunnen vanaf vandaag vanaf deze rekening betalingen verrichten via de Rabo Bankieren App. Rabobank is de eerste bank in Nederland die het mogelijk maakt dat klanten betalingen doen van rekeningen van een andere bank.

Rabobankklanten die ook een betaalrekening hebben bij bunq konden eind vorig jaar al hun saldo en transacties op hun bunq-rekening inzien in de app van Rabobank. Vanaf nu kunnen zij ook betalingen naar Rabobankrekeningen doen. Op een later moment kunnen er ook betalingen naar andere rekeningen worden gedaan. De dienst is kosteloos te gebruiken bij een bunq Premium-abonnement.

Om betalingen te doen moet de bunq-rekening gekoppeld zijn in de Rabo Bankieren App. Een klant koppelt de rekening met een bij bunq aangemaakte beveiligingssleutel. Hiermee gaat de klant akkoord met het delen van bunq-gegevens met Rabobank, die alleen gebruikt worden voor deze dienst. Met toestemming van de klant kan deze data in de toekomst ook gebruikt worden voor diensten als saldoverloop en vooruit kijken over alle rekeningen heen. Met bunq in de betaalapp van Rabobank speelt de bank in op de mogelijkheden van de toekomstige wetgeving Payment Services Directive 2 (PSD2), die banken verplicht om derden toegang te geven tot de betaalgegevens als de klant daartoe toestemming geeft.

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Press release Wed, 25 Jul 2018 13:25:06 GMT 256299
<![CDATA[Inspanning groot om in 2018 alle klanten een aanbod te doen]]> https://www.rabobank.com/en/press/search/2018/20180719-inspanning-groot-om-in-2018-alle-klanten-een-aanbod-te-doen.html?utm_medium=RSS De Rabobank wil haar klanten uiterlijk eind dit jaar een compensatie aanbieden volgens het uniform herstelkader. Dit laat de Rabobank weten n.a.v. de tussenrapportage van de AFM over de voortgang van de hersteloperatie van de rentederivaten.

Rabobank beklemtoont wederom haast te maken met de uitvoering van het herstelkader. De bank heeft de uitvoering geautomatiseerd om elke klant op dezelfde manier te behandelen. Hoewel dit tijd kostte in de aanloop, kan Rabobank hierdoor nu juist meer snelheid maken. De complexere dossiers vragen echter ook de inzet van experts om tot een aanbod te komen. Helaas is het aantal beschikbare specialisten schaars. Samen met de AFM en de onafhankelijke dossierbeoordelaar wordt nu gekeken naar manieren waarop het beoordelingsproces efficiënter kan. Rabobank hoopt hier snel overeenstemming over te bereiken zodat zij haar klanten eerder een aanbiedingsbrief kan sturen.

Laurent van den Nouwland, programmadirecteur rentederivaten bij de Rabobank: ‘Ook de AFM bevestigt onze grote inspanning om ervoor te zorgen dat MKB-klanten zo snel mogelijk een brief ontvangen met een compensatievoorstel. Met een team van ruim 400 medewerkers blijft onze inzet groot en werkt de ‘derivatenfabriek’ dagelijks en ook tijdens de hele vakantieperiode op volle kracht. Met het huidige tempo versturen we dit kalenderjaar onze klanten een aanbiedingsbrief met voorstel tot compensatie. Vrijwel alle klanten accepteren ons aanbod en het aantal klachten naar aanleiding van het aanbod is minimaal. Dit geeft aan dat de kwaliteit van ons werk goed is.’

Vanwege de ruime doorlooptijd van de herbeoordeling heeft Rabobank ondertussen 367 mln euro als voorschot aan haar klanten aangeboden. Bijna alle klanten die een voorschot aangeboden hebben gekregen, hebben dit voorschot geaccepteerd.

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Press release Thu, 19 Jul 2018 09:36:14 GMT 256309