Inhoudsopgave Voorwoord Bestuursverslag Corporate governance Consolidated Financial Statements Company Financial Statements Pillar 3 in millions of euros 2016 2015 Total loans and advances to customers 452,807 465,993 Of which: government clients 3,329 3,372 reverse repurchase transactions and securities borrowing 16,321 19,737 interest rate hedges (hedge accounting) 8,606 8,957 Loans to private sector clients 424,551 433,927 This can be broken down geographically as follows: The Netherlands 304,723 72% 321,798 74% Rest of Europe 28,895 7% 27,185 6% North America 45,985 11% 42,241 10% Latin America 13,680 3% 12,741 3% Asia 9,624 2% 9,502 2% Australia 21,315 5% 20,116 5% Africa 329 0% 344 0% Total 424,551 100% 433,927 100% Breakdown of loans by business sector Private individuals 201,234 47% 207,834 48% Trade, industry and services (TIS) 121,336 29% 127,690 29% Food &agri 101,981 24% 98,403 23% Total 424,551 100% 433,927 100% Trade, industry and services loan portfolio analysed by industry in millions of euros 2016 2015 Lessors of real estate 20,670 24,082 Finance and insurance (except banks) 12,291 16,672 Wholesale 12,747 11,691 Activities related to real estate 5,340 5,221 Manufacturing 9,180 8,116 Transport and warehousing 6,729 7,421 Construction 5,014 5,792 Healthcare and social assistance 6,069 6,062 Professional, scientific and technical services 10,065 9,941 Retail (non-food) 4,520 4,657 Utilities 2,896 3,017 Information and communication 981 900 Arts, entertainment and leisure 1,164 1,441 Other TIS 23,670 22,677 Total loans granted to TIS 121,336 127,690 Food agri loan portfolio analysed by sector in millions of euros 2016 2015 Grain and oil seeds 19,540 18,735 Animal protein 15,728 16,261 Dairy 22,713 22,174 Fruit and vegetables 10,628 10,932 Farm inputs 10,061 8,085 Food retail 4,527 3,926 Beverages 3,852 2,685 Flowers 1,682 1,732 Sugar 2,811 2,671 Miscellaneous crop farming 1,194 2,071 Other food agri 9,245 9,131 Total loans granted to food agri 101,981 98,403 4.3.2 Derivatives Rabobank sets strict limits for open positions, in amounts as well as in terms. If ISDA (International Swaps and Derivatives Association) standards apply or a master agreement including equivalent terms has been concluded with the counterparty, and if the jurisdiction of the counterparty permits offsetting, the net open position is monitored and reported.This credit risk is managed as part of the general lending limits for clients. Where needed, Rabobank obtains collateral or other safeguards to mitigate credit risks inherent in these transactions. The credit risk exposure represents the current fair value of all open derivative contracts showing a positive market value, taking into account master netting agreements enforceable under law. 4.3.3 Collateral and credit management Rabobank's credit risk exposure is partly mitigated by obtaining collateral where necessary. The amount and nature of the collateral required depends partly on the assessment of the credit risk of the loan to the counterparty. Rabobank has guidelines in place for the purpose of accepting and valuing different types of collateral. The major types of collateral are: Residential mortgage collateral; Mortgage collateral on immovable property, pledges on movable property, inventories and receivables, mainly for business loans; Cash and securities, mainly for securities lending activities and reverse repurchase transactions. 194 Rabobank Jaarverslag 2016

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Jaarverslagen Rabobank | 2016 | | pagina 195