Net profit up 2% to EUR 2.8 billion
Negative effects of credit crisis on net profit: EUR 0.7 billion in 2nd half of 2008 and EUR 0.5 billion in 1st half of 2008
One-off gains, including the sale of Alex and the consolidation of Bank BGZ
Tier I ratio at 12.7%
Return on equity 9.7%
Equity up 7% to EUR 33.5 billion
Income up 6%, operating expenses down 1%; efficiency ratio improved to 65.3%
⦠and, in a turbulent year for the financial sector, is there for its clients
Private loan portfolio up 11% to EUR 408.6 billion
Lending to Dutch SME sector up 21% to EUR 55.7 billion
Amounts due to customers up 10% to EUR 304.2 billion
Savings up 13% to EUR 114.7 billion
Market share in savings increased to 43% and in mortgages to 30%
http://www.rabobank.com/content/inv...abobank_keeps_up_strong_financial_results.jsp
Not a single penny received from the government so far.
How is this possible?
A global bank that isnt bankrupt to the tune of billions of $?
Really?
Negative effects of credit crisis on net profit: EUR 0.7 billion in 2nd half of 2008 and EUR 0.5 billion in 1st half of 2008
One-off gains, including the sale of Alex and the consolidation of Bank BGZ
Tier I ratio at 12.7%
Return on equity 9.7%
Equity up 7% to EUR 33.5 billion
Income up 6%, operating expenses down 1%; efficiency ratio improved to 65.3%
⦠and, in a turbulent year for the financial sector, is there for its clients
Private loan portfolio up 11% to EUR 408.6 billion
Lending to Dutch SME sector up 21% to EUR 55.7 billion
Amounts due to customers up 10% to EUR 304.2 billion
Savings up 13% to EUR 114.7 billion
Market share in savings increased to 43% and in mortgages to 30%
http://www.rabobank.com/content/inv...abobank_keeps_up_strong_financial_results.jsp
Not a single penny received from the government so far.
How is this possible?
A global bank that isnt bankrupt to the tune of billions of $?
Really?