Dutch banking and financial services company Rabobank has announced that it net profit for 2103 dipped by 2 per cent to just over €2bn, a fall of €46m.
The group said that it's yearly results were 'significantly afected' by several non-recurring events, including the settlement related to the Libor investigations, which came to €774m.
Meanwhile, the group saif that earnings were psitively impacted by the sale o Robeco and the transition to a new pension scheme.
'Rabobank is expecting very limited economic growth in the Netherlands in 2014,' the group noted. 'Export growth is set to continue, but growth will be slowed by a further decline in private consumption. Given this outlook, only a marginal growth in lending is expected.'
