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
