48 Main subsidiaries Inhoudsopgave Voorwoord Bestuursverslag Corporate governance Consolidated Financial Statements Company Financial Statements Pillar 3 The loans, advances and guarantees of the members of the Executive Board in office and the average interest rates were as follows: At year-end 2016, the members of the Supervisory Board not listed in the table had not received any loans, advances or guarantees. These transactions with members of the Executive Board and Supervisory Board were completed in person on the basis of employee terms and conditions and/or market rates for the Supervisory Board. The rates depend in part on the currency, the agreed fixed-interest period and the time the transaction was completed or the time a new fixed-interest term becomes effective. Several members of the Supervisory Board have invested in Rabobank Certificates in person and/or through their own pension B.V. At year-end 2016, this involved in total 15,780 certificates. At the year-end 2016, Rabobank Group is comprised of Coöperatieve Rabobank U.A. and its consolidated subsidiaries in the Netherlands and abroad. On 31 December 2016 Share Voting rights Main subsidiaries The Netherlands DLL International B.V. 100% 100% Rabo Vastgoedgroep N.V. 100% 100% FGH Bank N.V. 100% 100% Obvion N.V. 100% 100% Rabohypotheekbank N.V. 100% 100% North America Rabobank Capital Funding LCC III 100% 100% Rabobank Capital Funding Trust IV 100% 100% Utrecht America Holdings Inc. 100% 100% Australia and New Zealand Rabobank Australia Limited 100% 100% Rabobank New Zealand Limited 100% 100% All subsidiaries listed in the table are consolidated. In 2016, none of the subsidiaries experienced any significant restrictions in the payment of dividends or the redemption of loans and repayment of advances. The option of subsidiaries to pay dividend to Rabobank depends on various factors, including local regulatory requirements, statutory reserves and financial performance. Rabobank will not consolidate several structured entities in the 'Wholesale banking and international retail banking business', even if it does retain more than half of the voting rights.These structured entities are not consolidated because the relevant activities are managed by a third party subject to a contract. Rabobank does have control over several entities in the segment 'Leasing' as part of its vendor leasing operations, even though it retains less than half of the voting rights because control is not determined based on such rights, but rather on management participation. Number of Rabobank Certificates On 31 December 2016 I.P. Asscher-Vonk 6,894 L.N. Degle 4,836 in pension B.V. S.L.J. Graafsma 4,050 in pension B.V. in millions of euros Loans, advances and guarantees B.C. Brouwers R.J. Dekker B.J. Marttin H. Nagel J.L. van Nieuwenhuizen in millions of euros Loans, advances and guarantees R.J. Dekker B.J. Marttin H. Nagel J.L. van Nieuwenhuizen Outstanding Average interest loans rate (in 0.5 1.0 0.4 1.0 1.2 2.6 2.1 5.8 2.2 2.0 2015 Outstanding Average interest loans rate (in 1.2 0.4 1.0 1.7 1.6 4.4 1.9 3.3 The loans, advances and guarantees of the members of the Supervisory Board in office on 31 December 2016 and the average interest rates were as follows: Outstanding Average interest in millions of euros loans rate (in Loans, advances and guarantees 2016 2015 2016 2015 A.A.J.M. Kamp 0.9 1.0 2.6 2.7 M. Trompetter 0.4 0.4 4.0 4.9 241 Notes to the consolidated financial statements

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Jaarverslagen Rabobank | 2016 | | pagina 242