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Rabobank Nederland Canada
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Rabobank Nederland |
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Rabobank Group is an
international financial services provider operating on the basis of
cooperative principles. It offers banking, asset management, leasing,
insurance and real estate services. Focus is on broad financial services
provision in the Netherlands and primarily on the food and agribusiness
internationally. Rabobank Group is comprised of independent local Rabobanks
plus Rabobank Nederland, their umbrella organisation, and a number of
specialist subsidiaries. Overall, Rabobank Group has approximately 59,400
employees (in FTEs), who serve about 10 million customers in 48 countries.
The local Rabobanks and their
clients form Rabobank Group's core cooperative business. The banks are
members and shareholders of the supralocal cooperative organisation,
Rabobank Nederland, which advises the banks and supports their local
services. Rabobank Nederland also supervises, on behalf of the Dutch central
bank, the solvency, liquidity and administrative organisation of the local
Rabobanks.
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In terms of Tier I capital,
Rabobank Group is among the world’s 30 largest financial institutions.
Rabobank is consistently awarded a high rating by all rating agencies.
Rabobank Nederland further acts as an (international) wholesale bank and as
a bankers' bank to the Group and is the holding company of a large number of
specialised subsidiaries. Rabobank Group combines the best of two worlds;
the local involvement and personal touch of the local Rabobanks with the
expertise and economies of scale of Rabobank Nederland and it subsidiaries. |
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Rabobank Nederland
Category : Schedule III
SWIFT Code : RABOCATT
Address :
95 Wellington St., Suite 1830
P.O. Box 57, TD Centre
Toronto, Ontario M5K 1E7
Canada
Telephone : +1 (416) 941-9777
Website : www.rabobank.com
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Unlike the
Schedule I and
Schedule II banks,
as a Schedule III bank,
Rabobank Nederland Canada branch are NOT incorporated under the Bank Act and therefore
operate in Canada under other government-mandated restrictions.
Schedule III banks usually
operate within the country's largest cities
(being Toronto, Montreal, Calgary and Vancouver), under certain restrictions
mentioned in the Act. As of October 2010, there were 23 such banks in
Canada.
In Canada, the Office of the Superintendent of
Financial Institutions (OSFI) is responsible for administering a number of
federal statutes, including the Bank Act and the Trust and Loan Companies
Act, the statutes applicable to the regulation of banks and federal trust
and loan companies.
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