- Very diverse
- Great third-world banking opportunities
- Hours can be long
- Not too well known outside Benelux
ABOUT THIS COMPANY:Let’s cooperate
Utrecht, 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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