This makes the bank announced Thursday.
That net profit was lower, according to the bank is mainly because the result in 2013 was positively impacted by non-recurring items. Underlying, ie excluding special items, earnings came under the cooperative bank or sharply higher. A concrete figure, the bank did not give.
” Our financial results for 2014, given the still difficult economic conditions and developments in recent years not unsatisfactory. For the future, it is still insufficient. Underlying we showed improved results, ” said CEO Wiebe Draijer in a statement.
Customers Rabobank overcame last year’s 4 billion extra off on their mortgages. That’s more than ever before. Draijer expected that this trend will continue in 2015 in the same order.
The money that the bank had put aside for bad loans was 2.6 billion euros at a high
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The bank’s real estate segment remains struggling with the continuing difficult market conditions. Here was a net loss of 263 million euros. In 2013, the net loss amounted to 814 million euros.
Rabobank expects this year to benefit from the continued recovery of the economy. ” The recent sharp decline in oil prices and the depreciation of the euro provides some extra tailwind. Because for the first time in years, in addition to export private consumption increases again, we expect this year that all market sectors show growth, ” said Draijer
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