Rabobank posts EUR 1,516 million net profit in first half of 2017
(WorldNews Netherlands)

17 August 2017 Rabobank posted a net profit of EUR 1,516 million in the first half of 2017 (+52%). The common equity tier 1 ratio increased strongly from 13.5% to 14.7% (fully loaded), due partly to the issuance of Rabobank Certificates. The increase in net profit was underpinned by favourable economic conditions in the Netherlands, which contributed to extremely low loan impairment charges. On balance, the latter item was negative. The underlying operating profit before tax rose by 12% to EUR 2,276 million. The progress of the transition is tangible across all parts of Rabobank. Chairman of the Executive Board Wiebe Draijer: `The progress on our three strategic priorities demonstrates that...