Dutch financial cooperative Rabobank is now a member of the ICA. Dating back to 1895, Rabobank was founded by Dutch farmers based on a model that had been developed by Friedrich Wilhelm Raiffeisen in 1864. The Raiffeisen model inspired the creation of credit cooperatives across the Netherlands.
Nowadays Rabobank focuses on delivering all-finance services in the Netherlands and internationally. The group is active in Retail Banking, Wholesale Banking, Rural Banking, Private Banking, Vendor Finance, Leasing and Real Estate.
With an income of €11,915m, Rabobank is the second largest bank in the Netherlands. The group is active in 40 countries and has a total of 43,822 employees.
As a cooperative bank, Rabobank says the development of cooperatives around the world particularly in the finance and accounting sector is close to its heart.
Rabobank is a member of the International Cooperative Entrepreneurship Think Tank (ICETT), which offers strategic thinking on cooperative entrepreneurship.
The ICA has now 317 member organisations of which 275 are full members and 42 are Associate Members from 111 countries.