FinTech Magazine - May 2023 | Page 30

“ The idea behind the cooperative was to fix things together that you cannot fix alone ”

BART LEURS CHIEF INNOVATION & TECHNOLOGY OFFICER , RABOBANK
As such , it ’ s heavily active in North America , South America , and Australia – parts of the world where food and crop production make up vital parts of the economy . But Rabobank finances all players throughout the entire food value chain , from farmers at one end to retailers at the other .
Rabobank ’ s balance sheet globally is more than € 600bn and , last year , the bank made almost € 2.8bn in profit from € 12bn ’ s worth of revenue .
Despite its massive scale , Rabobank hasn ’ t allowed its growth to diminish its cooperative heritage or dampened its core values ; in fact , the business still operates with much the same mindset today as it did over 100 years ago .
30 May 2023