- Commission fines banks for participating in cartels in interest rate derivatives industry
- RBS suffers major IT problems
- ABN AMRO to acquire domestic private banking activities of Credit Suisse in Germany
- Bank of Ireland escapes need to generate additional capital
- Banco Sabadell acquires JGB Bank in Miami
- UBS changes Group Executive Board and Corporate Centre
- Monitise launches white paper on next-generation mobile banking expired
- ACI Worldwide strengthens its position in the Americas expired
- Lord Blackwell appointed Chairman of Lloyds Banking Group expired
- BofA Merrill launches new transaction services in Brazil expired
- Tarmin transforms data management for financial service organisations expired
- BMO reports record net income and announces repurchase of common shares expired
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.