Rabobank Posts a Net Result of EUR 2,818 Million in the First Half of 2024
Driven by good business performance, Rabobank posted a net profit of EUR 2,818 million in the first half of 2024. Consistently strong results allow the cooperative Rabobank to increase its impact for society.
Chair of the Managing Board Stefaan Decraene: “Although most of our customers appear to be resilient, they continue to operate in a dynamic environment with many economic and geopolitical uncertainties. As a cooperative bank, it is our ambition to support them with our knowledge, network, and financial solutions and be a stable factor in an unstable world. That is how we sustainably help our customers to make a difference.
“To further enhance our customer service model we are reshaping our Domestic Retail Banking (DRB). Simplifying our organization while safeguarding our cooperative nature increases our customer focus, improves our products and services, and enables us to have a greater impact society.
“As a cooperative bank, Rabobank aims for a positive impact not only with our products and services, but also through other means. With a solid business performance we can do more for society. For example, the cooperative initiatives we launched last year made EUR 400 million available to help our customers, members, and employees to transition to a more sustainable future. In the past six months, the first 13,000 mortgage customers have applied for the Cooperative Insulation Budget, over 1,000 SMEs have done the same for our Sustainability Contribution SME, and we backed numerous societal projects in the Netherlands.
“In the first half of 2024 Rabobank launched a new cooperative initiative. Rabobank has supported local sports clubs in the Netherlands for years through Rabo ClubSupport. This summer we have gone a step further with our Rabo Sports Promotion. Young athletes from over 20,000 sports clubs in the Netherlands who have a Rabobank account are now eligible for a contribution of EUR 125. This is one way we hope to stimulate both the physical and mental health of young customers in the Netherlands, and connect them sustainably to our cooperative bank. The initiative is ongoing: customers can apply for the contribution with just a few clicks in the Rabo App or on our website.
“I’m thankful for the hard work and commitment of our employees over the past six months. Along with the continued trust of our customers and members I believe that we can fulfil our mission of Growing a better world together.”