Developments in the housing market
This topic was discussed with various stakeholders in the housing market, including the Ministry
of the Interior, focusing on areas such as the 'Blok mortgage'and the problem of negative
equity. An effectively functioning housing market is essential for the Dutch economy, as are the
associated opportunities for the construction industry and related sectors. This depends on
stable, predictable government policies. After the government measures had become clear at
the start of the year, Rabobank accordingly advocated a policy moratorium for the housing
market. In its contacts with policymakers, Rabobank also drew attention to the need for a
comprehensive approach to the rental and owner-occupied markets, the position of first-time
buyers and circulation in the housing market. In tandem with the Dutch Banking Association
and other stakeholders, Rabobank also spoke about the problem of negative equity and rules
and standards for granting mortgages.
Lending to small and medium-sized enterprises
Maintaining lending levels was discussed on several occasions in the Lower House of
Parliament, and not just in the contexts of the Standing Committee on Finance or Economic
Affairs. Rabobank actively participated in these discussions, for instance at a round table
discussion with the sector in February. In these discussions, Rabobank emphasised the
importance it attaches to this subject and that it was naturally working towards a recovery
of lending, especially in this period of economic headwinds. The development of lending
clearly depends, to a large extent, on the economic situation and prospects. Other factors
also play a part however. Together with the Dutch Banking Association, Rabobank voiced its
concern in 2013 about the consequences of a regulatory overload, including the higher capital
requirements. KPMG has published a study on this. Seeking to fully exclude risks by continually
tougher regulation limits the scope for lending. Lastly, whereas the criteria for business lending
have not changed compared to the period before the economic and financial crisis, they are
applied more strictly. Despite this, the volume of business lending edged up in 2013 as a whole
from 2012.
Sustainability
