In terms of Tier 1 Capital, Rabobank Group is among the world’s 30 largest financial institutions. In the first half of 2012, the global Rabobank Group recorded an interim net profit of EUR 1.3 billion and our total assets stood at EUR 770 billion.
In 2011, the European Banking Authority announced the results of stress tests for banks and, as expected, Rabobank performed very strongly. These tests showed that under a worst-case stress scenario, Rabobank's core Tier 1 ratio would be more than twice the level required to pass the stress test.
The Rabobank Group has very limited net exposure to sovereign debt in Greece, Italy, Ireland, Portugal, and Spain. As at June 2012, the Rabobank Group’s exposure in these countries was EUR 252 million (0.033% of total assets).
Rabobank Australia is part of Rabobank International, the Rabobank Group's international arm. All deposits with Rabobank Australia (including with those deposits with its online banking division, RaboDirect) are fully guaranteed by its ultimate global parent company, Rabobank*, a guarantee which is unlimited and unsecured.
Since its establishment, all profits made by Rabobank Australia have remained within Australia and have been reinvested in the local food and agribusiness markets.
Read more information in the Investor Relations section of Rabobank's international website.
* Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.