End of Rabobank.be - Trends-Tendances on PC

End of Rabobank.be – Trends-Tendances on PC

Since March, we have known that the Rabobank group was seeking to shed its direct banking activities in Europe. Either by sale or by cessation of activities. There are several reasons for this: low lending interest rates may…

Since March, we have known that the Rabobank group was seeking to shed its direct banking activities in Europe. Either by sale or by cessation of activities. There are several reasons for this: the low level of lending interest rates but above all the European monetary policy which, for the banks, has made financing on the market more attractive than holding savers’ deposits. For lack of finding a buyer, Rabobank.be will cease its activities on July 1, 2022, only the ‘large companies’ part will remain active. Rabobank.be still has 228,000 Belgian customers and almost 7 billion euros in savings accounts. Concretely, on July 1, 2022, the online bank will close the savings accounts and transfer the balances to the related current accounts. These will be permanently closed soon after. It is obviously not forbidden to close everything yourself before this date. Fifty-five jobs are threatened by this closure. Rabobank.be was launched in 2002 and has achieved success by consistently offering slightly higher interest rates than other players. The scope (investment products, corporate accounts, etc.) has been gradually reduced in recent years.

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