Rabobank net interest income rises 10% as profit holds
Net interest income reached EUR 6,448 million in the first half of 2026 as net profit stayed at EUR 2,694 million.
Rabobank (RABO), the Dutch cooperative lender, reported net interest income of EUR 6,448 million in the first half of 2026, up 10% from EUR 5,872 million a year earlier.
Total income rose 6% to EUR 8,525 million. Net fee and commission income increased 4% to EUR 1,264 million.
Net profit was unchanged at EUR 2,694 million. Domestic Retail Banking contributed EUR 1,832 million, Wholesale & Rural EUR 401 million, Leasing EUR 180 million, Property Development a EUR 18 million loss, and Other EUR 299 million. Return on equity declined to 9.5% from 10.0%.
The private-sector loan portfolio grew to EUR 480.4 billion from EUR 459.8 billion. Mortgages rose 3% to EUR 209.7 billion, Food & Agri loans rose 8% to EUR 103.6 billion, and other Wholesale Rural loans rose 9% to EUR 38.7 billion. Deposits from customers increased to EUR 445.4 billion from EUR 433.9 billion, lifting the loan-to-deposit ratio to 1.10 from 1.07. Management said Domestic Retail Banking saw growth in both deposits and lending, supported by solid income growth, prudent cost management, and robust asset quality.
Total operating expenses rose to EUR 4,275 million from EUR 4,132 million. The cost-income ratio improved to 50.2% from 51.8%.
The Common Equity Tier 1 ratio eased to 20.2% from 20.3%. Rabobank said it is one of the best capitalized banks in Europe.
The bank made EUR 59 million available for cooperative initiatives in the first half of 2026, bringing the total made available up to and including 2025 plus that half-year to EUR 1,082 million. Projected 2026 cooperative expenditure is EUR 360 million, with EUR 301 million expected in the second half.
Chair of the Managing Board Stefaan Decraene said volatility is now the new normal, with geopolitical tensions continuing and economic prospects remaining unpredictable. Rabobank said it will invest up to EUR 2 billion over the next three years in its data and IT foundation, customer experience, and scaling of AI.
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