Coöperatieve Rabobank U.A. (formerly Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.)

Coöperatieve Rabobank U.A. (commonly known as Rabobank Nederland) was established in 1898 as a rural credit cooperative and is a head bank of Rabobank Group, an international financial services provider, active in the areas of banking, asset management, leasing, insurance and real estate. Rabobank Nederland provides a wide range of retail banking products and services to individuals and business customers.

Coöperatieve Rabobank U.A. is the 2nd largest bank in the Netherlands in terms of total assets. In 2015 its total assets were 483,97 bln EUR. In 2015 the bank's net income was 908,00 mln EUR.

Coöperatieve Rabobank U.A. is rated by Fitch, Moody's, Standard & Poor's. Long-term credit rating assigned to the bank by Fitch is AA- (very high credit quality). Long-term credit rating assigned to the bank by Moody's is Aa2 (high grade). Long-term credit rating assigned to the bank by Standard & Poor's is A+ (strong capacity to meet its financial commitments). Coöperatieve Rabobank U.A. participates in deposit guarantee scheme of the Netherlands. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Coöperatieve Rabobank U.A. is a member of Rabobank (Netherlands). Coöperatieve Rabobank U.A. is headquartered in Utrecht.

Contacts 
    Address  Croeselaan 18, 3500 HG, Utrecht, Netherlands
    P.O. Box  17100
    Phone  30 287 8787
    Fax  30 216 2639
    Website  https://www.rabobank.com/
Head of Group   Rabobank (Netherlands)
Business Description 
    Services  retail banking
private banking
corporate banking
insurance
    Products  current accounts
debit cards
credit cards
savings accounts (0.50 - 0.50 %)
time deposit accounts
investment funds
pension plans
consumer loans
mortgage loans
Financial Positions
    Total Assets (2015)  483.97 bln EUR ↓ (-2.91%)
    Total Equity (2015)  36 147.00 mln EUR ↑ (+14.41%)
Profit and Loss
    Net Income (2015)  908.00 mln EUR ↓ (-32.84%)
Market Position and Market Share (among banks in the Netherlands)
    Total Assets (2015)  2nd
Credit Ratings (as of Apr 2016)
    Fitch  AA- (very high credit quality)
    Moody's  Aa2 (high grade)
    S&P's  A+ (strong capacity to meet its financial commitments)
Deposit Guarantee  Yes (up to 100 000 EUR per depositor)
Bank Identifiers
    BIC (SWIFT)  RABONL2U
    MFI ID  NL600

Products

Current Accounts

Current accounts are non-interest bearing deposit accounts that are used to perform day-to-day banking transactions. Annual costs of having a current account (also known as account management fees) can depend on monthly income input to the account or amount of money deposited into the account. The following current account products are offered by Coöperatieve Rabobank U.A.:

ProductAnnual Costs (EUR)Debit CardCredit CardProduct Link
 DirectPakket [NL]20.40View Product
 TotaalPakket [NL]45.00View Product
 DirectPakket [NL]36.60View Product
 TotaalPakket [NL]45.00View Product
 DirectPakket [NL]20.40View Product
 TotaalPakket [NL]45.00View Product
 DirectPakket [NL]36.60View Product
 TotaalPakket [NL]45.00View Product

[NL] This product is offered to the Netherlands' residents only. When clicking on the product link you will be redirected to the product page in Dutch.

See Also: Current Accounts in the Netherlands

Savings Accounts

Savings accounts are deposits accounts which allow to withdraw money at any time. Coöperatieve Rabobank U.A. offers the following savings account products:

ProductInterest Rate (p.a.)Deposit Term (months)Product Link
 Rabobank Internetsparen [NL]0.50 %1View Product
 Rabobank Internetsparen [NL]0.50 %3View Product
 Rabobank Internetsparen [NL]0.50 %6View Product
 Rabobank Internetsparen [NL]0.50 %9View Product
 Rabobank Internetsparen [NL]0.50 %12View Product

[NL] This product is offered to the Netherlands' residents only. When clicking on the product link you will be redirected to the product page in Dutch.

See Also: Savings Accounts in the Netherlands

Financial Positions

In 2015 total assets of Coöperatieve Rabobank U.A. were 483.97 bln EUR. Decline compared to the previous period (2014) was -2.91%. The evolution of the total assets of Coöperatieve Rabobank U.A. is shown at Chart 1 below.

Total Assets of Coöperatieve Rabobank U.A..
Chart 1. Total Assets of Coöperatieve Rabobank U.A..

Profit and Loss

In 2015 net income of Coöperatieve Rabobank U.A. was 908.00 mln EUR. Decline compared to the previous period (2014) was -32.84%. The evolution of the net income of Coöperatieve Rabobank U.A. is shown at Chart 2 below.

Net Income of Coöperatieve Rabobank U.A..
Chart 2. Net Income of Coöperatieve Rabobank U.A..

Credit Ratings

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.
Of the 'Big Three' rating agencies, Coöperatieve Rabobank U.A. is rated by Fitch and Standard & Poor's.

Credit ratings assigned to Coöperatieve Rabobank U.A. as of April 2016 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Coöperatieve Rabobank U.A. it is set to AA- (very high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Coöperatieve Rabobank U.A. is set to F1+ (highest short-term credit quality).

Long-Term Issuer Default Rating  AA-
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F1+
Viability Rating  a+
Support Rating  5
Support Rating Floor  NF

Viability rating for Coöperatieve Rabobank U.A. is set to a+ (high fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).

Moody's

Long-term rating for Coöperatieve Rabobank U.A. it is set to Aa2 (high grade). Long-term bank deposit rating is Aa2 (high grade). Bank financial strength rating is a2. Short-term rating is set to Baa2.

Long-Term Rating  Aa2
Long-Term Bank Deposit Rating  Aa2
Bank Financial Strength Rating  a2
Short-Term Rating  Baa2
Outlook  stable

Outlook for the ratings of Coöperatieve Rabobank U.A. is set to stable (not likely to change).

Standard & Poor's

Long-term foreign currency rating for Coöperatieve Rabobank U.A. is set to A+ (strong capacity to meet its financial commitments). Long-term local currency rating is set to A+ (strong capacity to meet its financial commitments).

Long-Term Foreign Currency Rating  A+
    Outlook  -
    Credit Watch  -
Long-Term Local Currency Rating  A+
    Outlook  -
    Credit Watch  -
Short-Term Foreign Currency Rating  A-1
Short-Term Local Currency Rating  A-1

Short-term foreign currency rating for Coöperatieve Rabobank U.A. is set to A-1 (strong capacity to meet its financial commitments). Short-term local currency rating is set to A-1 (strong capacity to meet its financial commitments).

Deposit Guarantee

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in the Netherlands are obliged to participate in the Netherlands' deposit guarantee scheme.

In the case of Coöperatieve Rabobank U.A. failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  private individuals, small companies
Covered Accounts  nearly every payment or savings account, current account or term deposit is covered
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information: Deposit Guarantee Scheme in the Netherlands

ECB Minimum Reserves Requirements (MRR)

Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.

Subject to MRR by ECB  Yes
Exempt from MRR by ECB  No

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Coöperatieve Rabobank U.A. and its components are shown in the table below.

BIC  RABONL2U
Bank BIC Code  RABO
Country Code  NL (Netherlands)
Location Code  2U
Branch Code  -

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Coöperatieve Rabobank U.A. is shown in the table below.

MFI ID  NL600

Related Information on the Netherlands

  Economy and Banking Sector of the Netherlands

  List of Banks in the Netherlands

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