Rabobank Nederland

UTRECHT, The Netherlands - - Solid Results in Unusual Times - Net profit at EUR 1.3 billion - Equity up 10% to EUR 37 billion - Tier 1 ratio higher, at 13% - Private sector loan portfolio up EUR 7 billion, at EUR 415 billion - Bad debt costs at 55 basis points due to adverse economic conditions "While some economists have spotted a swallow, I, for one, do not see an economic recovery yet.