Last week our 2008 global group results were published. When you take into account the challenging times we are operating in globally, they were very positive for Rabobank’s rural and RaboPlus customers here in NZ.
Key highlights from the results are:
- Net Profit rise of 2% to EUR 2.8 billion ($NZ7.0 billion.)
- Tier 1 capital ratio - a key measure of financial strength - was at a very healthy 12.7%, above the targeted 12.5%.
- Income rose 6% to EUR 11.5 billion, while total assets climbed 7.% to EUR 612 billion.
Read the full media release from Bruce Dick (CEO Rabobank Australia & New Zealand).
Also Global Finance Magazine reaffirmed the Rabobank global group as being in the Top 5 safest banks in the world. Global Finance Magazine takes into account credit ratings and total assets of the world’s 500 largest banks.
As more and more banks are asking for financial support from central banks/governments, and even with deposit guarantees, there has never been a more important time to really understand the risk profile, track-record and culture of the institution with whom you are investing your hard-earned cash!