Rabobank posts a net result of EUR 4,957 million in 2025
2025 has been a year of resilience and progress for Rabobank. We remain one of Europe’s best capitalized banks, delivering solid results in a world of increasing geopolitical volatility. Our strong financial results and capital position together with our cooperative foundation enable us to remain a reliable partner for our customers and to give back to society through our cooperative initiatives.
Chair of the Managing Board Stefaan Decraene: “We continue to support our more than 9 million private and business customers in the Netherlands with our products and services, our expertise and our networks. As the leader in the Dutch mortgage market (22% market share of new production), we enabled almost 58,000 customers to buy or improve their home. Globally, DLL remained a leader in vendor finance, providing customers easier access to equipment, technology, and software. In addition, we have provided EUR 132 billion in loans to our Wholesale and Rural (W&R) customers, 59% of which support the global Food and Agri sector.
As a cooperative bank we know that the better we perform as a bank, the more societal impact Rabobank can have. Since 2023 we have given over EUR 1 billion back to society through our cooperative initiatives of which EUR 292 million in 2025. We launched the Rabo Impact Foundation with an initial donation of EUR 102 million from Rabobank. Moreover, we started a three-year partnership with the Princess Máxima Center Foundation, contributing a total of EUR 60 million to e.g. the construction of a new innovation wing.
Over 2025, our net profit amounted to EUR 4,957 million. This continuing strong performance is driven by resilient income, slightly increasing operating expenses and sound asset quality.
Within Domestic Retail Banking (DRB), deposit margins decreased. However, the impact of this decrease on net interest income was mitigated by ongoing strong growth in deposit volumes of EUR 25.4 billion, and continued growth of its loan portfolio by EUR 10.6 billion. Wholesale & Rural (W&R) expanded its loan portfolio by EUR 9.3 billion, while our leasing portfolio ended EUR 1.1 billion higher than last year (both at constant FX).
Excluding the impact of our cooperative initiatives, our operating expenses remained largely unchanged over 2025, as the reduction in average FTEs (2% lower in comparison to 2024) offset the wage increases stemming from the Collective Labor Agreement.
Loan impairment charges EUR 764 (2024: 468) million, reflecting a return to more normalized levels following multiple favorable years. Main drivers for impairment charges in 2025 were macroeconomic volatility and adverse circumstances in Brazil for our leasing business.
Rabobank’s cost/income ratio was stable at 54.5% (2024: 54.4%) reflecting expenses keeping pace with our moderate income growth. Return on Equity stood at 9.1% (2024: 10.0%).
Our CET1 ratio jumped to 20.3% from 16.9%. This improvement was principally driven by an expected drop in risk-weighted assets due to the implementation of the Capital Requirements Regulation 3 as of January 2025 and the addition of profit to our retained earnings. This robust capital position enables us to support our growth strategy and our positive impact on society.
I am honored to have led Rabobank over the past three years, and I look forward to my second term. Our focus will of course be on serving our customers, but also on growth and increasing scale, to further simplify and become more cost efficient. I want to thank all my colleagues, our customers and members for their support and commitment.”
Read the full press release and appendix here.
More information about the Annual Results and Our Impact in 2025: rabo.nl/results/