Rabobank Australia and NZ records consistent profit growth

03 May 2016

For the sixth consecutive year, Rabobank Australia & New Zealand Group (RANZG) has recorded profit growth, posting a net profit after tax (NPAT) of A$277.8 million for 2015.  This represented an increase of 5.8 per cent ($15.3 million) on the previous year. 

RANZG Group managing director Thos Gieskes said the 2015 results reflected a solid performance by RANZG throughout the year, in an environment of strong competition and increasing regulatory requirements. Mr Gieskes said all profits earned by RANZG were retained and reinvested in the local markets in Australia and New Zealand.

The local results follow the recent announcement from global parent, co-operative Rabobank Group, of a net profit of EUR2.2 billion for 2015 (an improvement of 22 per cent). 

Part of the international Rabobank Group, the world’s leading food and agribusiness banking specialist, RANZG, a BCCM member, is one of Australasia’s largest rural lenders and a major provider of corporate and business banking services to the region’s food and agribusiness sector.

Rabobank has more than 115 years’ experience and is structured as a co-operative operating in 40 countries, servicing the needs of approximately 8.6 million clients worldwide through a network of more than 1000 offices and branches.