Our specialist subsidiaries
Leasing
The lease portfolio of De Lage Landen increased by 2% to EUR 30.2 billion
in 2013. The share of food and agri rose by 1 percentage point to 30%.
The Dutch lease portfolio amounted to EUR 6.1 billion. Bad debt costs
remained limited to 59 basis points of average lending, and were thus
9 basis points below the long-term average of 68 basis points.The increase
was restricted by means of strict risk management and the diversification
of the lease portfolio across countries and sectors.The increase in interest
income matched the growth of the portfolio. In combination with lower
costs, the net profit of the leasing segment rose by EUR 55 million to
EUR422 million.
www.delaaelanden.com Improved earnings with portfolio growth
Strategy: OneDLL
The activities of De Lage Landen support the group strategy of offering a broad range of
financial services in the Netherlands. De Lage Landen will also strive to increase the share of
food and agri in its lease portfolio. Partly for reasons of diversification, De Lage Landen will also
focus on other sectors, such as Healthcare CleanTech, Construction,Transportation Industry
and Office Technology. For De Lage Landen, 2013 was a year of heavy investment in the
foundation of the organisation: the staff. De Lage Landen has undergone rapid growth in a
short time; its workforce has doubled to more than 5,100 in seven years. De Lage Landen added
India and Turkey to the countries in which it operates, which rose to 36 in 2013. This global
growth was partly the reason for the introduction of the OneDLL programme. The intention of
OneDLL is to encourage global teamwork between employees, so that employees of De Lage
Landen anywhere in the world can respond quickly and effectively to local conditions affecting
demand for lease products via knowledge transfer. Several HR programmes have been
launched with the aim of developing individual strengths. These programmes will strengthen
the organisation and the partnerships with its customers.
In order to meet local customer demand more effectively as an international organisation,
De Lage Landen has adopted a matrix structure. This distinguishes the regions of the Americas
and Europe-Asia Pacific and separates its sales organisation into the business units Construction,
Transportation Industry, Food Agriculture, Healthcare CleanTech, Office Technology and
Mobility Solutions. De Lage Landen offers services in the areas ofVendor Finance, (Car) Leasing,
Factoring and Consumer Finance.
Vendor Finance
Vendor Finance forms the heart of De Lage Landen's international operations and helps
manufacturers and distributors to sell their products and services. Vendor Finance forges
alliances in specific sectors in the lease market. It builds long-term relationships with
customers and explores which financial solutions can be offered to provide the best support
for partners and for end users in achieving their business objectives.
83 Our specialised subsidiaries
