Rabobank Group on Track: Net Profit Up 16%

Rabobank Group on Track: Net Profit Up 16%

Executive Board Chairman Bert Heemskerk: ‘All Rabobank Group business units contributed to the profit growth’.

- Net profit: +16%

- Income: +2%

- Expenses: fractionally lower

- Savings: +10%

- Private-sector lending: +12%

- Tier 1 ratio: 11.6

With 16% growth in net profit, Rabobank Group exceeded its long-term target of 12% in 2005. Bert Heemskerk, chairman of the Executive Board: ‘We’re on track. Despite the changeable economic climate, Rabobank Group has exceeded its profit target. Our commercial operations accounted for the bulk of the profit growth, to which all business units contributed across the Group. We also made significant advances at the strategic level, in the Netherlands and internationally.’

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