lllll
I I
I I
Growth in savings mainly at local Rabobanks
Loan portfolio TIS
by industry at year-end 2008
Real estate 20%
Financial institutions
excluding banks 19%
Wholesale sector 10%
Industry 7%
Building 6%
Transport and storage 6%
Non-food retail 4%
Health care 3%
Corporate services 3%
Information and communication 3%
Art and recreation 1
Utilities 1%
Other 17%
Loan portfolio food agri
by industry at year-end 2008
Animal protein
19%
Dairy
17%
Grain and oil seeds
13%
Fruit and vegetables
12%
Food retail
7%
Food and agri inputs
7%
Flowers
6%
Beverages
4%
Miscellaneous crops
3%
Sugar
3%
Other
9%
The greater part of of the portfolio concerned the primary agricultural sector. The growth in loans to the
meat sector contributed to the increase in lending to the primary agricultural sector by 9% to EUR 43.8
(40.1) billion.
Of the private sector loan portfolio, 73% is from the Netherlands, 11% from Europe outside the
Netherlands, 12% from America, 3% from Australia and New Zealand and 1% from other countries.
Breakdown of amounts
due to customers
in billions of euros
Other amounts due to
customers
Repurchase transactions
Corporate time deposits
Current accounts/
settlement accounts
Savings
300
250
200
150
100
50
0
2004 2005 2006 2007 2008
Breakdown of amounts due
to customers
at year-end 2008
Domestic retail banking
58%
Wholesale banking and
international retail banking
37%
Asset management investment 5%
Increase in time deposits contributed to growth in amounts due to customers
The strong growth in the amounts due to customers demonstrates that Rabobank Group is considered
a safe haven in these turbulent times. In 2008, the amounts due to customers increased by 10% to
EUR 304.2 (276.6) billion. Savings, i.e. the funds entrusted by private individuals, are the major category
within the amounts due to customers and increased by 13% to EUR 114.7 (101.2) billion. Besides savings,
current accounts likewise contributed to the growth in the amounts due to customers.
Of all the savings, 89% is entrusted to the local Rabobanks. The higher interest rate for time deposits
caused many private individuals to opt for this savings product. As a result, the volume of the fixed-term
deposits increased by 66% to EUR 43.1 (25.9)
billion. At Roparco, Robeco's savings bank, the
volume of savings increased by 10% to 5.4 (4.9)
EUR billion. The sale of Alex resulted in a EUR 0.6
billion decrease in savings. Thanks to the large
number of new internet savings clients, the
savings volume for the foreign internet banks in
Australia, Belgium, Ireland and New Zealand rose
by 30% to EUR 6.6 (5.1) billion.
Breakdown of savings
in billions of euros
Other
Roparco
Fixed-time deposits
Savings accounts
Telesavings
Internet savings
120
80
■■■I
20
0
2004 2005 2006 2007 2008
24
Rabobank Group Annual Report 2008
