■■in 10 lllll lllll lllll llll 0 lllll lllll lllll llll 50 Rabobank Group has a non-controlling interest in Eureko, an insurer. Eureko is the leader in all insurance markets in the Netherlands and operates under various labels. As Rabobank's primary supplier, Interpolis, a Eureko subsidiary, offers a comprehensive range of insurance products and services for the retail mass market and SMEs.The close collaboration between the local Rabobanks and Interpolis underpins the financial market leadership in the Netherlands. The local Rabobanks are the largest insurance broker in the Netherlands. Moderate economic recovery The year 2010 was characterised by moderate economic recovery. Although producer confidence partly recovered, consumer confidence remained low. The impact for our clients varies by sector. Some sectors, such as the industrial sector and the wholesale trade, were able to benefit from the upswing in world trade. Other sectors, such as construction industry and the durable consumer goods sector, still suffered the consequences of the financial crisis. Consumers were hesitant to purchase luxury goods and many producers struggled with over capacity, which resulted in little need for investments among businesses. Rabobank stood by its customers as long as possible. The use of special, government-introduced credit instruments offered additional opportunities. Of all banks, Rabobank issued the most loans as part of the BBMKB scheme, a guarantee scheme for loans to the SME sector. Government-guaranteed business loans were issued as well. These are loans to profitable businesses that are issued with a view to stimulating the economy. Provided that they are a member of Rabobank, businesses can also apply to the Rabobank Guarantee Fund for a loan. Near stability in corporate and mortgage markets Market share 100 in 90_ 2006 §2- 2007 ZQ_ 2008 60_ 2009 50 llll Mortgages Savings TIS Food and agri Rabobank Group occupies a leading position in several segments of the Dutch market, i.e. the mortgage market, the savings market, the trade, industry and services (TIS) market, and the agricultural sector. The volume of the mortgage market grew slightly in 2010, after a sharp decline in 2009. Rabobank managed to more or less consolidate its position in this market. Rabobank Group's share of the mortgage market saw a limited drop to 29.3% (29.9%). There was an underlying slight decline in market share of the local Rabobanks by 0.4 percentage points to 25.7%; Obvion's market share fell by 0.2 percentage points to 3.6%. The savings market in the Netherlands grew by 2% to EUR 291.1 billion at year-end 2010. Rabobank Group's share of the savings market was more or less the same at 39.7% (39.5%)5. Of this share, 38.2% (37.9%) was realised by the local Rabobanks and 1.5% (1.6%) by 5 In 2010, the share of the savings RobeCO Direct. market was calculated to align better Rabobank Group has a strong position in the corporate market, which it continued to with the definitions provided by develop in 2010. There is room for further growth of market share at the top end of the the Dutch central Bank (dnb). corporate market, i.e. the wholesale market. This is exactly where the competition is the The comparative figure has been fiercest. The share of the TIS market rose to 43% (41%) in 2010. We maintained our market adjusted accordingly. leadership in the agricultural sector and our share of that market was stable at 84% (84%). 25 Domestic retail banking

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Annual Reports Rabobank | 2010 | | pagina 26