Notes to the
balance sheet
Rabobank Group's consolidated total assets grew
by 18% in 2004 to EUR 475 billion. Lending to the
private sector increased by 7% and savings by 9%.
Lending by sector
Lending by Group entity
66 Rabobank Group Annual Report 2004
Notes to the balance sheet
Total lending
Rabobank Group's total lending increased by 10% in 2004 to EUR 276.2
(250.8) billion. This total comprises:
- lending to the public sector;
- professional securities transactions;
- lending to the private sector.
In the year under review, lending to the public sector was virtually
unchanged at EUR 2.2 billion. The volume of professional securities
transactions was EUR 21.0 (13.2) billion. Lending to the private sector,
representing 53% of total assets, increased by EUR 17.6 billion to
EUR 253.0 billion, a rise of 7%. The majority of loans were granted on
the domestic market (80%), with 9% elsewhere in Europe, 7% in the US,
3% in Australia and New Zealand and 1% in Asia. Lending to the private
sector is subdivided in private individuals, trade, industry and services
and food agri.
- Private individuals
At year-end 2004, total loans to private individuals amounted to
EUR 131.6 (117.5) billion, a rise of 12%. The greater part of loans to
private individuals has been granted in the Netherlands. Abroad, lending
to private individuals showed an explosive 46% growth although its
volume is as yet relatively small.
- Trade, industry and services
At the end of 2004, lending to corporate clients in the trade, industry
and services sector was EUR 1.8 billion higher than at the end of 2003.
This is a 2% increase, bringing total lending to this sector to EUR 83.1
billion. Lending increased in the construction and real estate sectors.
On the other hand, lending to corporate clients in the healthcare sector
and the chemical industry was lower.
- Food agri
At the end of 2004, total lending to the food agri sector amounted
to EUR 38.4 (36.6) billion. This is a 5% increase. Growth was mainly in
the domestic market. Lending abroad was virtually unchanged, partly
because of the weaker dollar. Lending to the horticultural and the
wheat/rice sector increased.
Lending by sector
in EUR billions
Food agri
Private individuate
Of the total lending to the private sector of EUR 253.0 billion,
EUR 184.1 (167.7) billion was granted by the domestic retail banking
operations. Their share of total lending was 73%. Wholesale banking
and international retail banking operations granted loans
amounting to EUR 46.8 (47.3) billion, representing 18% of the total.
The other Group entities, including De Lage Landen and FGH Bank,
accounted for the remaining 9% of lending, amounting to EUR 22.0
(20.4) billion.
Lending by Group entity
4
Retail banking
73%
Wholesale banking
18%
Other
9%
