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Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

Rabobank Posts FY 2020 Results

03/15/2021

Rabobank is an international financial service provider structured as a co-operative.  The bank provides financial services to the food and agribusiness segment of the economy in the Netherlands and serves agricultural customers internationally.  Rabobank provides retail, wholesale, rural and private banking, leasing and real estate services to 10 million clients worldwide. 

 

For fiscal 2020, Rabobank posted a net profit of $1.35 billion on income of $12.94 billion.  Comparative figures for FY 2019 were, profit of $2.68 billion on income of $14.11 billion.  On December 31st 2020, Rabobank assets amounted to $758.71 billion including loans of $523.42 billion, offset by liabilities of $709.95 billion.

 

 In commenting on fiscal 2020, Chairman of the Managing Board, Wiebe Draijer stated, “The severe COVID-19 crisis demanded the very essence of what a cooperative bank with a mission stands for: to contribute substantively to the significant transitions that are shaping the world we live in.”  He added, “As a meaningful Co-operative our contribution to society last year was first and foremost focused on the immediate needs of our clients.  We were also able to accelerate the delivery of our strategy during the pandemic, improving digital service to our clients and members.  We were committed to making global food supply chains more sustainable and played an important role in the green financing of our global clients and supported farmers around the world in their shift to more sustainable food production.”

 

The detailed annual report including section on ESG can be downloaded from www.rabobank.com


 
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