Rabobank International's activities were affected by the credit market crisis in 2007. The turmoil in the financial markets led to changes in the market environment for Global Financial Markets. The ensuing crisis caused the result for Global Financial Markets to decline. Leveraged Finance, which specialises in financing with high volumes of borrowed capital, was likewise confronted with greatly altered market conditions following the crisis. This resulted in a lower number of transactions in the second half 2007.
Local market conditions being the main decisive factor, Rabobank Group's international retail banking business was hardly affected by the turmoil in the financial markets. The private equity market developed favourably for Rabobank International in 2007, resulting in positive revaluations for Gilde funds participations, the interest in Langholm and for Rabo Private Equity, and also in the sale of a number of participating interests.