Rabobank

Dutch banking and financial services company

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2023 Extinction Rebellion and Greenpeace issued an ultimatum to Rabobank demanding an end to financing industrial agriculture. When the bank did not respond, activists staged a mass protest, blocking the bank's head office in Utrecht.
2022 Research concludes that Rabobank's investments have been linked to the loss of approximately 390,000 hectares of Amazon or Cerrado forest between 2000 and 2022. The bank is placed on the list of major polluters by Dutch NGO Milieudefensie due to its significant investments in deforestation-linked companies.
2019 Sold American retail business to Mechanics Bank, while continuing food and agriculture-based lending through Rabo AgriFinance. Had offices in 38 countries by this time.
2019 The Rabobank Group comprised 89 local Dutch Rabobanks at this time, highlighting the bank's extensive local network.
February 2018 Rabobank settled with the United States Department of Justice for 298 million euros due to inadequate internal controls that allowed hundreds of millions of dollars in drug money to be laundered through its American subsidiary RNA in California.
February 21 2018 RaboDirect announced the closure of its Irish operations, effective 16 May 2018, resulting in the loss of 31 jobs.
January 1 2016 Completed merger of 106 cooperative banks with Rabobank Nederland, with the central organisation becoming the parent body.
2015 Rabobank begins a period of investments in companies involved in deforestation, ultimately totaling more than 1.4 billion euros by 2022.
December 2015 Announced plans to cut 9,000 jobs by 2018, with 3,000 jobs to be cut by the end of 2016.
2014 Rabobank was designated as a Significant Institution under European Banking Supervision, resulting in direct supervision by the European Central Bank.
November 2014 Standard & Poor's further lowered the credit rating from AA− to A+ with a negative outlook.
September 2014 Sold Bank BGZ to BNP Paribas for $1.39 billion.
2013 RaboDirect completed its sponsorship of the Pro12 rugby union league.
2013 Faced a $1 billion fine for LIBOR currency rate manipulation, resulting in the immediate resignation of Chief Executive Piet Moerland.
2012 Launched online savings bank in Germany.
June 2012 Moody's downgraded Rabobank's rating from Aaa to Aa2 with a negative outlook.
2011 Launched online savings bank in Poland.
November 2011 Downgraded by Standard & Poor's from AAA to AA due to a new rating methodology.
June 2011 RaboDirect announced its sponsorship of rugby union's Pro12 league, which included teams from Ireland, Italy, Scotland, and Wales.
2010 Acquired Pacific State Bank, expanding into the Central Valley of California. Replaced RaboPlus with RaboDirect in Australia and New Zealand.

This contents of the box above is based on material from the Wikipedia article Rabobank, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.

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