Rabobank Group
Also Known As: Rabobank
Commercial Lending
VAULT RANKINGS 2013
#33
Prestige
GENERAL INFO
Headquarters: Utrecht,
Netherlands
1112 offices
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THE BUZZ…
- “Very solid”
- “Third rate”
- “Strong regional name”
- “Not very exciting”
NEWS AND UPDATES
Vault's Scoop
Uppers
- Very diverse
- Great third-world banking opportunities
Downers
- Hours can be long
- Not too well known outside Benelux
ABOUT THIS COMPANY:
Let’s cooperateUtrecht, Netherlands-based Rabobank has a reputation for working with the agricultural and food industry sectors—and it’s no wonder. The bank began as a pair of rural cooperative bank conglomerates founded in the Netherlands in 1898: the Coöperatieve Centrale Raiffeisen-Bank and the Coöperatieve Centrale Boerenleenbank. Although very similar in their operations—each cooperative consisted of several small local banks, which were owned and run by their members—Raiffeisen-Bank had Protestant connections, while the Boerenleenbank was Catholic. This kept the two entities separate until 1972 when they merged after several decades of increasing cooperation. In 1980, the new business took the name Rabobank Nederland, taking two letters from Raiffeisen and two letters from Boerenleenbank. At the same time, several local Dutch banks revamped their organisations to form Rabobanks, making them eligible for support from the central Rabobank Nederland. That doesn’t mean, however, that Rabobank Nederland has power over smaller member banks; it’s actually the opposite. Top-level organisational control remains in the hands of member banks, while Rabobank Nederland operates as their subsidiary.
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