It has reported a return on equity of 10.3% and a 5% increase in net income at E5.7 billion. The group’s operating expenses increased by 19% to E3.9 billion.
Domestic lending showed growth, resulting in the group’s market share expanding by 3.5% to 29%. International lending has also increased. Savings grew and the group gained 0.6% in market share to reach 39.9%.
Bert Heemskerk, chairman of the executive board of Rabobank Group, said: I am extremely pleased with Rabobank Group’s results for the first half of 2007. The growth in profit was widely spread over all group entities. Our local Rabobanks also showed healthy growth once again.
