Net profit down nearly a third at Dutch lender Rabobank
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AMSTERDAM (Reuters) - Rabobank reported a 29% fall in first-half net profit on Thursday, which the Dutch cooperative lender blamed on rising impairment charges, restructuring costs and low interest rates.Rabobank, the largest Dutch mortgage bank and a leading lender in the North American agriculture sector, said net profit fell to 1.2 billion euros (1.1 billion pounds) in the six-month period from 1.7 billion euros a year earlier.Impairment charges on financial assets increased by 477 million..