Amsterdam: Dutch cooperative lender Rabobank pledged to retreat from non-core areas in 2015 to improve its key ratios, as it posted full-year profits that were sharply down due to the costs of a levy to cover the nationalisation of a stricken rival. Net profit was down 8 per cent, largely because of a levy paid to cover the nationalisation of rival SNS Reaal, but underlying performance had improved, the bank said in full-year results published on Thursday. Rabobank made net profit of €1.8 billion (Dh7.5 billion, $2.05 billion) last year, compared to 2 billion in 2013, off total income that fell only 1 per cent to €12.9 billion. The bank said it would focus on its core businesses in order to improve capital return ratios, which remained far below their long-term target.