1 "I Of the private sector loan portfolio, 75% of loans were granted in the Netherlands, 9% in European countries other than the Netherlands, 11% in America, 4% in Australia and New Zealand, and 1% elsewhere. Drop at Rabobank International causes amounts due to customers to contract Breakdown of amounts 350 due to customers 300 in billions of euros 250 Other 200 Corporate time deposits 150 Current accounts/ 100 settlement accounts 50 Savings deposits 0 Amounts due to customers by group entity year-end 2009 Domestic retail banking 65% Wholesale banking and international retail banking 30% Asset management and investment 5% 2005 2006 2007 2008 2009 In 2009 the local Rabobanks attracted more client deposits from retail and corporate clients. However, due to a drop at wholesale banking amounts due to customers were down 6% at group level to EUR 286.3 (304.2) billion. Increase in savings deposits at local Rabobanks in particular Breakdown of savings deposits 140. in billions of euros 120. Time deposits 120. Deposits on demand 80_ 60 40 20 0 2005 2006 2007 2008 2009 Savings deposits by group entity year-end 2009 Domestic retail banking 90% Wholesale banking and international retail banking 6% Asset management and investment 4% Savings deposits, the largest and most important component of amounts due to customers for Rabobank Group, were up 6% to 121.4 (114.7) billion thanks mainly to retail clients making more savings deposits to the local Rabobanks. Interest rates on retail time deposits, which are linked to changes in short-term interest rates more so than the rates on variable savings deposits, dropped sharply. As this made variable savings a more interesting alternative for clients, their share in total savings deposits saw a substantial rise. Of the savings deposits, EUR 7.3 (6.6) billion was contributed by the Direct Banking activities in Australia, Belgium, Ireland and New Zealand. The number of clients using these foreign online banks rose by 12% to 327,000. Equity in billions of euros 35 Other non-controlling interests 5fL Hybrid capital 25_ Rabobank Member certificates 20_ Reserves and retained earnings 15 10 2005 2006 2007 2008 2009 Equity up thanks to retained earnings and issues Rabobank Group's equity increased by 14% in 2009, rising to EUR 38.1 (33.5) billion, which was mostly attributable to the retention of earnings and the issue of hybrid capital instruments. Of equity, 58% is comprised of reserves and retained earnings, 17% of Rabobank Member Certificates, 16% of hybrid capital and 9% of other non-controlling interests.Total hybrid capital increased by EUR 2.7 billion on balance as a result of issues of Capital Securities and the repurchase of some Trust Preferred Securities III.This capital was raised in euros, New Zealand and US dollars, and Swiss francs. 13 Financial developments

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Annual Reports Rabobank | 2009 | | pagina 14