Independent auditor's report
To the Executive Board and Supervisory Board of Rabobank Nederland
The 2013 annual figures set out on pages 140 to 147, which comprise the consolidated
statement of financial position as at 31 December 2013, the consolidated statement of income,
the consolidated statement of comprehensive income, the consolidated statement ofchanges
in equity, the consolidated statement of cash flows and the condensed statement of business
segments for the year then ended are derived from the audited consolidated financial
statements of Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland),
Amsterdam. We expressed an unqualified auditor's opinion on those financial statements in our
auditor's report dated 24 February 2014.
The 2013 annual figures do not contain all disclosures required by International Financial
Reporting Standards as adopted by the European Union and by Part 9 of Book 2 of the Dutch
Civil Code. Reading the 2013 annual figures, therefore, is not a substitute for reading the audited
consolidated 2013 financial statements of Rabobank Nederland.
Executive Board's responsibility
The Executive Board is responsible for the preparation of the 2013 annual figures in accordance
with the audited consolidated 2013 financial statements and the accounting policies set
out therein.
Auditor's responsibility
Our responsibility is to express an opinion on the 2013 annual figures based on our procedures,
which were conducted in accordance with Dutch law, including the Dutch Standard on
Auditing 810 'Engagements to report on summary financial statements'.
Opinion
In our opinion, the 2013 annual figures are consistent, in all material respects, with the audited
consolidated 2013 financial statements of Rabobank Nederland and in accordance with the
accounting policies set out therein.
Amsterdam, 24 February 2014
Ernst Young Accountants LLP
C.B. Boogaart
148 Annual Report 2013 Rabobank Group
