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RaboDirect Supports Barnardos

Submitted by The RaboDirect Team on Wednesday, 17 December 2008 | Category: General

At Christmas time it’s easy to get caught up in the festive season and roll from one Christmas party to another without a second thought! Come on, we’ve all been there recently even despite the recession. But when the madness subsides next week and family time takes precedence, maybe spare a thought for those families who are less fortunate.

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A comforting thought in these turbulent times

Submitted by Roel van Veggel | General Manager RaboDirect on Tuesday, 16 December 2008 | Category: Savings

In a time of weakening economic indicators, recapitalisation announcements, declining share prices for banks in Ireland, surely it’s time for some good news! Well at Rabobank anyway. The ratings agency, Moody’s reaffirmed our AAA credit rating on November 28th. This follows on from Standard & Poor’s report on October 28th which also reconfirmed our AAA rating. Moody’s based their decision on the bank’s stable outlook, which solidifies Rabobank’s reputation in international financing as a trustworthy financial institution, despite current market circumstances.

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The €10 Billion Bail Out

Submitted by Roel van Veggel | General Manager RaboDirect on Monday, 15 December 2008 | Category: Savings

The announcement by the Irish government that €10 billion euro is available for recapitalisation of Irish banks makes it very clear that we are in the midst of one of the most severe financial crisis in recent history. The effects of it are spilling over into the real economy. Banks are no longer considered as the powerhouses they once were driving economic growth by lending money to viable businesses against acceptable rates. Confidence between banks and confidence between banks and the customers has been eroded by recent developments.

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