Loan portfolio by sector
Loan portfolio by group entity
Lending declined in 2013 and there was a limited fall in amounts due to customers. The fall in
amounts due to customers was less than the decline in lending. The loan-to-deposit ratio,
which shows the relationship between lending and amounts due to customers, thus
improved to 1.35 (1.39). We expect to see only marginal growth in lending in the coming
years. To achieve the intended improvement of the loan-to-deposit ratio to 1.3 in 2016,
amounts due to customers will have to increase, both in the Netherlands and abroad.
Completion of the divestment of Robeco
The acquisition of Robeco by the Japanese financial services provider Orix Corporation was
completed in July 2013. The banking business of Robeco in the Netherlands has been
transferred to Rabobank, with Robeco continuing to maintain the relationship with clients.
Rabobank is retaining a shareholding of just under 10% in Robeco in order to demonstrate
the continuing strategic collaboration.The sale price was approximately EUR 1.9 billion.
The transaction led to a book profit of EUR 1,585 million in 2013, and increased the core tier 1
ratio by approximately 70 basis points.
Decline in the private sector loan portfolio
The Dutch economy emerged from a long period of recession in 2013. Dutch exports rose on
the back of the pick-up in world trade. In the second half of the year there was (albeit very
modest) economic growth. This does not mean that the problems in the Netherlands have
been dealt with; domestic consumption fell further in 2013, partly due to rising unemployment.
Export-oriented companies were able to benefit from increased foreign demand, but companies
whose business focuses more on the domestic market continued to struggle. Furthermore,
the euro appreciated against both the US and the Australian dollar. Now that agreement has
been reached regarding the sale of Bank BGZ, this bank is now classified as available for sale.
This means that the loan portfolio of Bank BGZ, which on 31 December 2013 amounted to
EUR 6.3 (6.6) billion, no longer forms part of Rabobank Group's loan portfolio. Due in part to
these developments, Rabobank Group's private sector loan portfolio declined by 4% to
EUR 439.0 (458.1) billion.
The loan portfolio at the local Rabobanks fell because of lower mortgage sales and higher
mortgage repayments.The loan portfolios of De Lage Landen and FGH Bank remained more or
less unchanged, while the loan portfolio of Obvion showed a slight increase. Geographically,
76% of the private sector loan portfolio is in the Netherlands, 12% in North and South America,
6% in Europe (outside the Netherlands), 4% in Australia and New Zealand and 2% in other
countries.
in billions of euros
450
zinn
350
300
250
200
150
100
50
0
2009
2
Food and agri
TIS
Private individuals
at year-end 2013, in
Domestic retail banking
Wholesale banking and
international retail banking
Leasing
Real estate
9 Financial developments
