1
F
1 1
II
Amounts due to customers up 6% to EUR 250 billion
Savings up 13% to EUR 101 billion
Equity up 7% to EUR 31.4 billion
Lending by sector
in billions of euros
400
Food agri
TIS
Private individuals
Breakdown of amounts
due to customers
in billions of euros
Other amounts due to customers
Repurchase transactions
Time deposits
Current accounts/
settlement accounts
Savings
I
2005 2006 2007
300
250
200
150
100
50
0
2005 2006 2007
Lending to the food agri sector grew by 13% to EUR 59.4
(52.5) billion, the greater part of which was to the primary
agricultural sector. The growth in lending to the fruit and
vegetables and the grain and oil seeds sectors was an
important contributor to the growth in lending to the primary
agricultural sector to EUR 40.1 (34.3) billion.
Of the loans to private clients, 68%, or EUR 244.1 (220.9) billion,
was granted to domestic retail banking clients, with the
wholesale banking and international retail banking business
accounting for 22%, leasing for 5% and real estate for 4%.
The other entities accounted for 1%.
The amounts due to customers grew by 6% to EUR 249.5
(234.9) billion in 2007, with savings making a significant
contribution to this growth. Otherwise, the amounts due to
customers rose as a result of the increase in corporate time
deposits. The increase in interest rates made time deposits
more attractive for corporate clients of the local Rabobanks,
resulting in a 19% increase in corporate time deposits, to EUR
55.0 (46.3) billion.
Breakdown of savings
in billions of euros
Other
Roparco
Fixed-time deposits
Savings accounts
Telesavings
Internet savings
Equity
in billions of euros
100
80
60
40
20
0
Other minority interests
Capital Securities and Trust
Preferred Securities III to VI
Rabobank Member Certificates
Retained earnings and other reserves
2005 2006 2007
2005 2006 2007
The local Rabobanks saw a large inflow of new savings clients in
2007. As a result, savings at Rabobank Group grew by 13% to
EUR 101.2 (89.5) billion. The greater part of savings - EUR 89.6
(80.5) billion - is entrusted to the local Rabobanks. Due to the
higher short-term interest rate, more private individuals are
opting for time deposits. As a result, the proportion of fixed-time
deposits grew by 14 percentage points to 26% of total savings.
Roparco saw its savings grow by 15% to EUR 4.9 (4.3) billion.
Thanks to the large number of new internet savings clients
abroad, savings at four Internet banks abroad grew by 65% to
EUR 5.1 (3.1) billion.
Retained earnings resulted in an increase in equity.
This addition caused the item Retained earnings and other
reserves to grow by EUR 2.3 billion to EUR 19.7 (17.4) billion in
2007. In the year under review, Rabobank Group issued Capital
Securities for private investors in Asia and New Zealand,
resulting in a EUR 1.0 billion increase in equity. These retained
earnings, particularly, together with the issues caused equity to
grow by 7% to EUR 31.4 (29.4) billion. At the end of 2007, 62% of
equity consisted of retained earnings and other reserves, 20% of
Rabobank Member Certificates, 9% of Capital Securities and Trust
Preferred Securities III to VI and 9% of other minority interests.
Lending by activity
at year-end 2007
Domestic retail banking
Wholesale banking and
international retail banking
Leasing
Real estate
Other
22%
5%
4%
1%
Lending by region
at year-end 2007
Netherlands 76%
America 11%
Europe excluding the
Netherlands 9%
Australia and New Zealand 3%
Asia 1%
36
Rabobank Group Annual Report 2007
