trending Market Intelligence /marketintelligence/en/news-insights/trending/TwSB6lxwf2kSyy7w9calOQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Rabobank's H1 profit drops 29% on higher impairment charges, lower income

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Rabobank's H1 profit drops 29% on higher impairment charges, lower income

Dutch lender Rabobank reported a 29% year-over-year fall in first-half net profit, with CEO Wiebe Draijer saying that the decline was due to higher impairment charges and lower income.

First-half consolidated net profit was €1.21 billion, down from €1.70 billion in the same period in 2018.

Net interest income for the period came in at €4.21 billion, compared to 4.27 billion a year earlier, while net fee and commission income rose year over year to €1.00 billion from 981 million. The derecognition of income from divested nonstrategic activities and the persistent low interest rate environment adversely impacted income, Rabobank said Aug. 15.

The bank booked impairment charges on financial assets of €440 million in the period, compared to gains of €37 million in the year-ago period, noting that significant impairments were seen in the Netherlands, France and Brazil.

Total operating expenses fell on a yearly basis to €3.45 billion from €3.61 billion.

As of June 30, Rabobank's common equity Tier 1 ratio was 15.8%, compared to 16.0% at the end of 2018 and 15.8% at the end of June 2018.

The total capital ratio stood at 24.4% at the end of June, compared to 26.6% at 2018-end and 26.1% at the end of June 2018.