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Rabobank statement on European Debt Crisis

Posted on 26 July 2012 by RaboDirect | No comments
Category: Security
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In terms of Tier 1 Capital, Rabobank Group is among the world’s 30 largest financial institutions. Rabobank is among the most highly rated banks in the world, having been ranked among the top 10 safest banks in the world for over 10 years in Global Finance magazine’s 'World's 50 Safest Banks' list.

In the first half of 2012, the global Rabobank Group recorded an interim net profit of EUR 1.3 billion and our total assets stood at EUR 770 billion.

In 2011, the European Banking Authority announced the results of stress tests for banks and, as expected, Rabobank performed very strongly. These tests showed that under a worst-case stress scenario, Rabobank's core Tier 1 ratio would be more than twice the level required to pass the stress test.

The Rabobank Group has very limited net exposure to sovereign debt in Greece, Italy, Ireland, Portugal, and Spain. As at June 2012, the Rabobank Group’s exposure in these countries was EUR 252 million (0.033% of total assets).

Rabobank New Zealand is part of Rabobank International, the Rabobank Group's international arm. All deposits with Rabobank New Zealand (including with those deposits with its online banking division, RaboDirect) are fully guaranteed by its ultimate global parent company, Rabobank*, a guarantee which is unlimited and unsecured.

Read more information in the Investor Relations section of Rabobank's international website.

* Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.

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