Latest Banking
- BSA releases listing of UK building societies ranked by asset size
- Review causes delay for Euro banks’ stress tests
- Former Citigroup chief to set up new Indian bank
- More jobs to go at RBS
- BNP Paribas launches first fully digital mobile bank in Europe
- Lloyds’ shares pass UK government break-even point
- Goldman to sell all stock in ICBC expired
- Vietnam plans forced sale of banks’ bad debt expired
- Pershing and BNY Mellon combine bank and brokerage custody expired
- CaixaBank finances investment projects with euro loan expired
- Vatican Bank to launch website and publish its accounts expired
- Bank of Communications names new Chairman 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.
