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Rabobank sells mortgage loan biz Roparco

Rabobank said it sold its mortgage loan business Roparco Hypotheken to Dutch mortgage provider RNHB, a former label of Rabobank subsidiary FGH Bank.

The transaction includes the underlying mortgage-loan portfolio of around 4,900 loans with a total outstanding amount of about €500 million, as well as the business' personnel. Rabobank said the sale is in line with its strategy to optimize its balance sheet and focus more on its core activities.