Finance
Netherlands' Rabobank reports 5.16 billion euro profit for 2024
Published by Global Banking & Finance Review®
Posted on February 11, 2025
1 min readLast updated: January 26, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 11, 2025
1 min readLast updated: January 26, 2026
Rabobank's 2024 profit hit 5.16 billion euros, up 18% from 2023, driven by higher interest rates and fewer loan impairments. The bank's commercial loans grew by 3%.
AMSTERDAM - Dutch cooperative bank Rabobank on Tuesday reported a record net profit of 5.16 billion euros ($5.34 billion) for 2024, up 18% from 4.38 billion euros in 2023, helped by higher interest rates in the U.S. and Europe, higher fees and commissions and fewer impairments on bad loans.
The bank, best known internationally as an agricultural lender, said its commercial loan book grew by 3% to 447 billion euros.
Rabobank, which competes in the Netherlands with ING and ABN Amro, said it had benefited from "higher volumes at all our commercial segments, interest rates supporting strong net interest income, low loan impairment charges and significantly lower regulatory levies."
Its mortgage-focused Dutch domestic business benefited from a recovery in the housing market.
(Reporting by Toby Sterling; Editing by Andrea Ricci)
The article discusses Rabobank's record net profit of 5.16 billion euros for 2024, highlighting factors like higher interest rates and fewer loan impairments.
Rabobank's profit was driven by higher interest rates, increased fees, fewer impairments on bad loans, and growth in its commercial loan book.
Rabobank's mortgage-focused Dutch domestic business benefited from a recovery in the housing market, contributing to its overall profit.
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