Lachlancton was founded in 1969 and is headquartered in Eindhoven, the Netherlands. Nowadays, we have grown into a globalized financial company with more than 5,000 employees and assets of more than 25 billion euros, with operations in over 35 countries and regions. Our parent company is Rabobank, one of the safest banks in the world, with the highest 3A credit rating by all major authoritative rating agencies, more than 58,000 employees and a vast customer network of more than 10 million in 48 countries and regions around the world, and a leading global bank in the food and agriculture sector.
We have developed over the past 40 years a wealth of experience and expertise in the food and agriculture, healthcare, office technology, financial institution services, construction machinery, transportation and industrial equipment sectors. We have a long history of innovation and development of traditional leasing products, and have developed a unique strength and expertise in the area of "vendor leasing". Through our in-depth understanding of the strategies of our vendor customers, we have expanded our sales territories to provide them with a complete line of financial services in the context of their entire supply chain, from inventory financing, accounts receivable financing, equipment leasing and factoring to equipment remarketing, helping them to improve their sales performance and enhance their competitiveness in the marketplace and end-user loyalty. We are also involved in several other diversified areas globally, such as automotive leasing in the European market and the consumer finance market in the Netherlands.
In addition, we have integrated corporate social responsibility into our corporate culture by developing green technology business segments such as renewable energy, eco-cars, sustainable food and agriculture. Win-win cooperation with our partners is at the core of Lahrendon's business philosophy, as we seek to identify strategic goals with our partners and work together to achieve the same goals through sincere cooperation and relentless efforts. Asia has been an important market for us for a long time, and we first started to expand our business in Asia from Singapore in 2003. After several years of rapid growth, we have now established companies in China, Singapore, Japan, and Korea, and will soon enter the Indian market. Lahrendon China was approved by the Ministry of Commerce in 2005 to develop various financial leasing businesses nationwide. The company is headquartered in Shanghai and has representative offices in Beijing, Guangzhou, Chengdu, Xi'an and Wuhan.