Rabobank puts property activities into one unit

Dutch cooperative bank Rabobank is introducing a new structure for its property operations, under the name Rabo Real Estate Group. The new unit will include housing development arm Bouwfonds, MAB (commercial property), FGH Bank (finance) and Bouwfonds REIM (investment management). Rabobank said the new structure was a continuation of the integration process surrounding Bouwfonds, which it bought from the now nationalised ABN Amro in 2006.

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