Inhoudsopgave Bestuursverslag Corporate governance Jaarrekening Rabobank Groep Jaarrekening Rabobank The table below provides insight into the commercial real estate loan portfolio in the Netherlands on 31 December 2015.The Property Development segment is presented separately. Rabobank's lending in this segment was relatively low, at 1.9 (2.3) billion. The commercial real estate portfolio of Rabobank in the Netherlands declined again in 2015 mainly due to repayments, foreclosures and write-downs, loan sales and a lower risk appetite. Table 39: Commercial real estate loan portfolio at 31 December 2015 Commercial real estate loan portfolio on 31/12/2015 Net loan portfolio Gross non- performing loans1 Loan impairment allowances Loan impairment charges Write-downs - Property investment domestic retail banking 7,729 1,447 588 (8) 105 - Property investment real estate segment 13,794 3,614 1,040 142 217 Total property investments 21,523 5,061 1,628 134 322 - Property development domestic retail banking 784 495 301 26 83 - Property development of real estate segment 1,101 172 62 5 1 Total property development 1,885 667 363 31 84 Commercial real estate loan portfolio on 31/12/2014 Net loan portfolio Gross non- performing loans1 Loan impairment allowances Loan impairment charges Write-downs - Property investment domestic retail banking 8,586 1,509 673 249 152 - Property investment real estate segment 15,099 3,394 1,098 544 333 Total property investments 23,685 4,903 1,771 793 485 - Property development domestic retail banking 1,062 586 342 23 26 - Property development of real estate segment 1,211 146 43 8 2 Total property development 2,273 732 385 31 28 The table above only concerns identified loan impairment charges and identified loan impairment allowances. In recent years, market developments have led to heavy pressure on the quality of the portfolio, which is reflected in the increased level of loan impairment charges. The year 2015 has been characterised by a clear bifurcation of the portfolio. On the one hand, amongst other things the increased interest of investors has caused some sub-markets to bottom out or to even show signs of some recovery. The allowances made for this part of the portfolio proved to be adequate. On the other hand, structural problems in other sub-markets result in continuing higher loan impairment charges. Nearly the entire real estate portfolio outside the Netherlands is provided by ACC Loan Management. This portfolio is being gradually scaled down. In 2015, the extra additions to the loan impairment allowance for this portfolio were limited (40). Rabobank expects to make a few further allowances in 2016, albeit at a lower level than in previous years. 1 Non-performing loans are identified in accordance with the EBA definition of'non-performing'. The reporting of these loans is in line with general practice in the sector and deviates from the impaired loans that were reported last year. 354 Rabobank Jaarverslag 2015

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Jaarverslagen Rabobank | 2015 | | pagina 355