Rabobank

Rabobank, also known as Rabobank, is a farmers cooperative bank formed by the merger of several rural credit cooperatives in the Netherlands in 1973. It mainly engages in financial transactions in industries such as agriculture, agricultural machinery and food industry.

Rabobank is the second largest bank in the Netherlands and ranks 31st among the worlds major banks. It has the following characteristics:

High asset quality: It has good financial reliability and strict risk control, and has gained an international reputation.

Cooperative operation model: Follow six basic cooperative principles, including improving the interests of member banks and customers by providing various banking services; limiting the business of member banks to their respective regions; independence of member bank business and management; democratic organizational structure, members can freely choose the board of directors and supervisory board of local member banks; internal cross-guarantee system between member banks; retained profits as reserves to ensure sustainable development, etc.

The banks business is concentrated in certain areas, providing customers with related services that require special expertise. Customers are basically in the food industry and agricultural industry and related fields. It can provide cooperative banking, cooperative finance, investment banking and other services in these fields, and is known for the credibility and high quality of service standards.

Rabobank has a relatively complete service network and solid economic and market development information. It has 1,516 branches in 37 countries around the world, 51,000 employees, 9 million private and corporate customers, and 1.5 million members in the Netherlands. Rabobank has offices in Beijing, Shanghai and other places, and has cooperated with rural financial institutions in Zhejiang and Tianjin in China. It has invested in Hangzhou United Bank and is interested in forming an alliance with Liaoning Rural Credit Cooperatives.

Rabobank has won many honors internationally, such as AAA ratings from Standard & Poors (1984 to present) and Moodys (1985 to present) for more than 20 consecutive years; it has been rated one of the top ten safest banks in the world by Global Finance magazine since 2001; it was rated as Europes most sustainable bank in 2005 and ranked second among global financial institutions; it ranked 281st in the 2012 Fortune Global 500 list; on July 19, 2018, it ranked 492nd in the Fortune Global 500 list; on February 18, 2020, it was selected into the 2020 "Global Top 500 Bank Brand Value Ranking" released by the British brand evaluation agency "Brand Finance", ranking 39th; in January 2021, it ranked 255th in the 2021 Worlds 500 Most Valuable Brands List; in February 2021, it ranked 255th in the 2021 Worlds Top 500 Most Valuable Brands List; In January, it was selected into the 2021 "Global Bank Brand Value Top 500 Ranking" released by "Brand Finance".

However, Rabobank has faced some challenges and negative events. For example, on the evening of October 23, 2013, the bank was accused of participating in the manipulation of the London Interbank Offered Rate (Libor) and other benchmark interbank offered rates, and was prosecuted by the US Federal Deposit Insurance Corporation (FDIC) in April 2014.