Lease portfolio by division
Lease portefolio by region
5% growth in lease portfolio
Financial results of leasing
Results
-
at year-end 2012, in c
at year-end 2012, in
Food and Agri
Office technology
Construction,
transportation and
industrial
Financial institutions
Carlease
Healthcare and clean
technology
Consumer finance
Vendor finance operations
Europe
America
Asia/Pacific
De Lage Landen's lease portfolio increased by 5%, reaching EUR 29.6 (28.1) billion, EUR 24.9
billion of which comprised private sector lending. In keeping with its strategy, De Lage
Landen focused on further expanding the share of food and agri in the portfolio, which was
up 12%, rising to EUR 8.6 (7.7) billion. As a result, food and agri now makes up 28.9% (27.4%)
of total leasing. The economic climate in the Netherlands was one of the factors that caused a
drop in the Dutch lease portfolio to EUR 6.3 (6.9) billion, which accounts for 21.3% (24.5%) of
the total portfolio.
in millions of euros
2012
2011
Change
Interest
952
778
22%
Fees and commission
63
76
-17%
Other results
442
465
-5%
Total income
1,457
1,319
10%
Staff costs
526
455
16%
Other administrative expenses
223
269
-17%
Depreciation
47
50
-6%
Operating expenses
796
774
3%
Gross result
661
545
21%
Value adjustments
147
144
2%
Bank tax expense
9
Operating profit before taxation
505
401
26%
Taxation
138
97
42%
Net profit
367
304
21%
Bad debt costs (in basis points)
53
58
-9%
Ratios
Efficiency ratio
54.6%
58.7%
RAROC
27.6%
25.4%
Balance sheet (in billions of euros)
31-Dec-12
31-Dec-11
Lease portfolio
29.6
28.1
5%
Capital requirements (in billions of euros)
Regulatory capital
1.3
1.3
Economic capital
1.3
1.3
Number of employees (in FTEs)
5,117
4,964
3%
66 Annual Report 2012 Rabobank Group
