Rabobank earnings rise 14%

Cooperative bank Rabobank booked net profit of over €1.3bn in the first six months of this year, an increase of 14% on 2006. Pre-tax profits rose 14% to over €1.6bn.

The growth was spread evenly across all sectors of the group’s operations, chairman Bert Heemskerk said. He added that the bank had been affected by the current unrest on the financial markets but that he felt the knock-on effect of US developments was exaggerated.

Thank you for donating to DutchNews.nl.

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation