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Rabobank Plans to Centralize Mortgage Lending, Volkskrant Says

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Feb. 18 (Bloomberg) -- Rabobank Groep plans to begin evaluating mortgage loan applications at the corporate level rather than at the group’s member banks, Volkskrant reported.

The move announced yesterday by the bank is a consequence of a 2009 investigation of the country’s four biggest mortgage lenders by the AFM, the Dutch financial markets regulator, which had fined Rabobank 150,000 euros ($197,000) over granting excessively high mortgage loans, the newspaper said.

To contact the reporter on this story: John Buckley in Amsterdam at johnbuckley@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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