Recently filed accounts for several of Rabobank’s Irish holding entities for 2021 reveal the €550 million was paid to its Dutch parent in July last year. Photograph: Jasper Juinen/BloombergDutch financial institution Rabobank, which quit the retail banking sector here in 2018, has taken a €550 million cash dividend out of what is left of its Irish operation. Rabobank said this week it remained committed to the Irish market, despite the large cash withdrawal. It started to wind down its Irish retail operation in 2014. Danish bank Danske also quit the Irish market at around this time, following Bank of Scotland (Ireland).

Source: The Irish Times September 21, 2022 16:02 UTC