Home / Banks / Comparison

Rabobank vs ING Group

Side-by-side credit pricing comparison from Pillar 3 disclosures.

Last updated: March 2026 · Data source: public Pillar 3 disclosures
Verdict:

On a representative BBB+ EUR 25M 5-year term loan, Rabobank is the cheaper lender by 12bp in minimum spread. For a EUR 25M facility, that's EUR 29,097 per year.

Bank profiles compared

Metric Rabobank
Netherlands		 ING Group
Netherlands
IRB approachMixedMixed
Cost-to-income54.5%54.6%
Effective tax rate26.2%27.8%
Avg corporate PD4.07%1.74%
Avg LGD unsecured34.2%17.8%
Avg LGD secured20.5%10.7%
Funding spread (bp)12bp15bp
Corporate EADEUR 148bnEUR 343bn

Sample RAROC: BBB+ EUR 25M 5Y term loan

Both banks priced on the exact same deal — 150bp spread, 20bp commitment fee, 60-month maturity. Higher RAROC means the bank earns more from this deal. Lower min-spread means the borrower gets a better rate.

Component Rabobank ING Group
Annual revenueEUR 385,000EUR 385,000
Operating costEUR 154,000EUR 154,000
Expected lossEUR 28,750EUR 28,750
Capital required (FPE)EUR 2,451,320EUR 2,451,320
RAROC (after tax)7.45%7.03%
Min spread for 12% RAROC251bp262bp
This is just one sample deal.

Your actual portfolio has different ratings, sizes, maturities, and collateral. The cheapest bank for one deal isn't always cheapest for another. Upload your real facilities and OpenRAROC will run the same calculation on each, against Rabobank, ING Group, and 57 other banks.

Compare your portfolio

Read more

Rabobank full profile ING Group full profile All banks RAROC methodology

FAQ: Rabobank vs ING Group

Which bank is cheaper on corporate credit: Rabobank or ING Group?
On a BBB+ EUR 25M 5-year term loan, Rabobank requires a minimum spread of 251bp to reach a 12% RAROC hurdle, versus 262bp at the other bank — a difference of 12bp on the same deal.
How do Rabobank and ING Group compare on corporate PD?
Rabobank reports an EAD-weighted corporate PD of 4.07%, while ING Group reports 1.74%. The gap reflects differences in obligor mix and geography rather than underwriting quality.
How do the two banks differ on IRB approach?
Rabobank uses Mixed and ING Group uses Mixed. The IRB approach determines whether internal LGD models or supervisory LGDs apply, which materially affects capital required on every corporate facility.
What deal is used in this comparison?
A single standardised facility: BBB+ rated, EUR 25M drawn on a EUR 30M commitment, 5-year tenor, 150bp spread, 20bp commitment fee. Both banks are priced on this exact deal using their own disclosed Pillar 3 parameters.