Financial results
Results (in millions of euros)
Amounts due to customers 180
in billions of euros i76_
172
168
164
160
156
152
148
144
140
2007 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2008
Strong increase in amounts due to customers
A large inflow of new clients and assets in the year under review resulted in strong growth of the
amounts due to customers, by 16% to EUR 175.6 (150.8) billion. The growth was mainly in time deposits
for both private individuals and businesses. The increase in the amounts due to customers enabled the
local Rabobanks to finance their growth in lending completely on their own in 2008.
2008
2007
Change
Interest
Fees and commission
Other income
IotaI income
Staff costs
Other administrative expenses
Depreciation and amortisation
Operating expenses
Gross result
Value adjustments
Operating profit before taxation
laxation
Net profit
5,005
1,354
42
6,401
2,264
1,639
141
4,044
2,357
199
2,158
541
1,617
4,504
1,379
25
5,908
2.072
1,618
145
3,835
2.073
145
1,928
495.
1,433
1'
1%
-3%
5%
14%
37%
12%
Impairment losses (in basis points)
Ratios
13%
Efficiency ratio
63,2%
64,9%
Balance sheet (in billions of euros)
31-Dec-08
31-Dec-07
Total assets
309.7
277.7
12%
Private sector loan portfolio 268.3244.1 10%
Due to customers
Capital requirements (in billions of euros)
175.6
150.8
16%
Capital requirement
Economic capital
6.4
8.7
12.2
8.9
48%
2%
Number of employees (in FIEs)
28,953
29,304
-1%
32
Rabobank Group Annual Report 2008
