Rabobank Group's net profit increased by 4% in 2002 to EUR 1,250 million. As a result of the economic slowdown and the poor stock exchange climate, growth in net profit was lower than in previous years. Income Interest income Proceeds from securities and participating interests Commission Other 52 Rabobank Group Annual Report 2002 Notes to the profit and loss account Total income rose by 2% in 2002 to EUR 8,564 million. Interest income accounted for the major part,63%, of total income. Interest income increased by EUR 309 million in 2002, to EUR 5,391 million, up 6%.The increase is due to growth in both lending and savings. Proceeds from securities and participating interests increased by EUR 12 million to EUR 529 million. Gains on the sale of participating interests especially showed a significant decline in 2002 as a result of the unfavourable stock exchange climate. The sale to Bank Sarasin Cie of the international private banking activities resulted in a gain of EUR 81 million. Total commission income for 2002 was EUR 1,795 (1,760) million, up 2%. Commission (in EUR millions) 2,000 1,750 1,500 1,250 HHSI 1998 1999 2000 2001 2002 Insurance Services (pension and industrial health and safety) Securities Asset management Funds transfers and foreign exchange

Rabobank Bronnenarchief

Annual Reports Rabobank | 2002 | | pagina 54