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