Profile of Rabobank Group
The organisation, which has about 61.000 employees (in FTEs), operates in 44 countries. Rabobank Group is comprised of Rabobank plus local Rabobanks, and its (internationally based) subsidiaries. Conditioned by its cooperative roots, the nature of Rabobank Group is characterised by strong mutual relationships. Rabobank Group has a toprating, awarded by the well-known international rating agencies Standard & Poor's, Moody's and Dominion Bond Rating Service. In terms of Tier 1 capital, the organisation is among the world's 25 largest financial institutions.
Rabobank, local Rabobanks and Rabobank International
The 106 local Rabobanks, which have a staff base of about 27.300 employees (in FTEs), form the densest banking network in the Netherlands. Rabobank boasts 853 branches and upwards of 2.898 ATMs. The local Rabobanks serve 7.6 million Dutch private individuals and corporate clients, offering a full range of financial services. The local Rabobanks, their members and their clients make up Rabobank Group’s cooperative core business. Being at the heart of society, they are committed, nearby and trendsetting in their service offering. Clients can become members of their local Rabobank. The 106 local banks and Rabobank work together from one cooperative holding. Each local Rabobank is represented on behalf of its members in the highest body of the cooperative, which is the General Members Council. This body’s responsibilities include determining the strategy of Rabobank as a whole. Rabobank supervises, on behalf of the Dutch Central Bank, the solvency, liquidity and internal control structure of the local Rabobanks. Rabobank acts as the holding company of a number of specialist subsidiaries, both in the Netherlands and abroad. The wholesale banking and international retail banking divisions of Rabobank Group have 16,100 employees (in FTEs) globally, serving its clients from 30 countries, including the Netherlands.
Mission and ambition
Rabobank Group puts the common interests of people and communities first. Based on its commitment to those interests, Rabobank Group aims to be a driving and innovating force that contributes to the sustainable development of prosperity and well-being. Its goal is to help people and communities achieve their present and future ambitions. Strengthening mutual collaboration and supplying the best possible financial solutions are the means to achieve that end. Based on this mission, Rabobank Group's ambition is to be the largest, best and most customer-driven and innovative financial institution in the Netherlands. In an international context, Rabobank Group aspires to be the best food & agri bank, with a strong presence in the world’s major food & agriculture countries. For this purpose, the Group uses the experience it has accumulated in the Netherlands over many years. In addition, Rabobank Group aims to reach global excellence in sustainable operations and banking, as would befit its identity and position in society. Corporate social responsibility has been, and will be further, integrated into its core activities.
In the Netherlands, Rabobank Group offers all the financial services needed by clients as they participate in an economy-driven modern society. Rabobank Group seeks to ensure that its services are continually adjusted and updated so that they always meet the needs of private individuals and businesses alike. Rabobank believes that sustainable growth in prosperity and well-being requires careful nurturing of natural resources and the living environment, and it aims to contribute to this development with its activities. Rabobank respects the culture and traditions of the countries where it operates without losing sight of its own objectives and values. Rabobank Group takes its place in society, all the while adhering to the core values that are embedded in the mission and ambition: respect, integrity, professionalism and sustainability. All group divisions of Rabobank Group endorse these principles, which are the underlying motives for its actions:
- Respect: Rabobank Group's basis for collaboration is respect, appreciation and commitment.
- Integrity: Rabobank Group wants to be fair, honest, conscientious and trustworthy in all its dealings.
- Professionalism: Rabobank Group uses expertise and high-grade facilities in its services to customers, and strives to maintain quality and provide an efficient service, where possible anticipating the future needs of clients.
- Sustainability: Rabobank Group aims to contribute to sustainable development, both economically, socially and ecologically, of society. Rabobank Group does this for example with the Rabobank Foundation. The Groupwide funded Foundation helps disadvantaged groups of people in the Netherlands as well as abroad by providing them with the opportunity to live an independent life. Furthermore, Rabo Development was initiated to create strategic alliances with and provide capital to prominent banks in developing countries.
For more information about Rabobank Group, please visit Rabobank.com