The world’s safest privately owned bank
Rabobank Group has performed well above it's peers in the face of the Global Financial Crisis managing to achieve a Tier 1 capital ratio of a very healthy 12.7%, above the targeted 12.5%. Tier 1 capital ratio is a key measure of financial strength and Rabobank.
Chairman of the Executive Board of Rabobank Group Bert Heemskerk commented:
"It is difficult times like these that the benefits of a cooperative bank clearly come to the fore. Our societally oriented business culture, our democratic consultative structure, our prudent risk management, our sustainable remuneration policy - all these factors, combined with our strong financial performance and solvency, have contributed to Rabobank Group's continuing stable performance. In addition, we continued to serve our clients without the help of others."
Australia's safest bank
Rabobank Group's global financial results reinforce Rabobank's enviably solid, stable position in the global financial sector, providing strong support for the ongoing growth and development of the bank's businesses in Australia and New Zealand.