- Rabobank (Dutch pronunciation: [ˈraːboːbɑŋk]; full name: Coöperatieve Rabobank U
Rabobank Net worth 2024 (estimated)
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Rabobank facts
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- ) is a Dutch multinational banking and financial services company headquartered in Utrecht, Netherlands
- It is a global leader in food and agri financing and sustainability-oriented banking
- The group comprises 129 independent local Dutch Rabobanks (2013), a central organization (Rabobank Nederland), and a large number of specialized international offices and subsidiaries
- Food and agribusiness is the prime international focus of the Rabobank Group
- Rabobank is the second-largest bank in the Netherlands in terms of total assets
- A 2013 scandal resulted in a $1 billion fine for unscrupulous trading practices, including the manipulation of LIBOR currency rates worldwide
- Chief Executive Piet Moerland resigned immediately as a result
- In terms of Tier 1 capital, the organisation is among the top 30 largest financial institutions in the world
- As of December 2014, total assets amount to €681 billion with a net profit of €1
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