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13th July 2012
Rabobank expands direct banking in Germany
Rabobank launched RaboDirect in Germany, its direct banking arm. This is the sixth country to have a RaboDirect banking operation. Rabobank comment that the German savings market is six times the size of the Netherlands.
Berry Marttin, Member of the Rabobank Executive Board commented: "Germany is a nation of savers and a bank’s security and reliability are decisive factors for German consumers. Rabobank is the world’s highest rated privately owned bank and that appeals to people. Especially amid the current uncertainty of the European debt crisis, Rabobank has proven to be a safe haven and this is reflected in the inflow of savings and the growing loyalty of our customers. Rabobank seeks to distinguish itself in the market through openness and transparency. Our product range is straightforward: it initially comprises withdrawable savings accounts and fixed-term deposits."
Rabobank has offered corporate and agricultural finance in Germany since 1984. RaboDirect currently operates in Australia, Belgium, Ireland, Netherlands, New Zealand and Poland. It is the market leader for savings in Belgium.