Financial results of De Lage Landen
Results (in millions of euros)
Moderate growth in lease portfolio
Loan portfolio
in billions of euros
24
21
Other
Consumer finance
Transportation
Car leasing
Healthcare
Construction and industrial
Financial services
Office technology
Food and agriculture
18
15
12
Loan portfolio by region
year-end 2009
Europe
America
Asia/Pacific
57%
2005 2006 2007 2008 2009
The loan portfolio at De Lage Landen increased by 3% in 2009 to EUR 24.1 (23.3) billion.
Clients postponed their replacement investments and the US dollar depreciated by 3% against
the euro. The food and agri portfolio increased by 28% to EUR 5.9 billion, as a result of which
its share of the total portfolio rose by 4.6 percentage points to 24.3%. In Italy, De Lage Landen
acquired Masterlease, the car leasing operations of GMAC Financial Services. This acquisition
added more than 5,500 leased cars to the fleet, corresponding with a portfolio growth of
about EUR 70 million. Athlon Car Lease now operates in nine European countries. The total
number of leased cars was up 2%, rising to 216,000 (211,000), and the car leasing portfolio
contracted by 4% to EUR 2.7 (2.8) billion. De Lage Landen's consumer loan portfolio amounted
to EUR 0.9 (0.9) billion.
Interest
Fees.and commission
Other income.
Total income
Staff, costs
Other administrative expenses
Depreciation and amortisation
Operating expenses
Gross result
Value adjustments
Operating, profit, before, taxation.
Taxation
Net profit
Bad deht. costs, (in basispoints).
Ratios
Efficiency, ratio
RARO.C
Balance sheet (in billions of euros)
Loan portfolio
Capital requirements (in billions of euros)
Capita I requirement
Economic capita I
Number of employees (in TTEs)
2009
2008
Change
590
530
11%
59
61
-3%
3.77.
424
-.1.1%
1,026
1,015
1.%
3.75
377
-1%
206
188
10%
35
31
13%
616
596
3%
410
419
-2%
3.00
118
1.1.0
301
-63%
-2
66
112
235
-52%
132
56
60.0% 58.7%
10.4% 22.3%
31-Dec-09
24.1.
31-Dec-08
23.3
3%
1.2
1.1
.1.1
1.0
.9%
...10%
4,734 4,667
40
Report 2009 Rabobank Group
