Outlook for leasing
Bad debt costs at 59 basis points
Value adjustments at De Lage Landen came to EUR 170 (147) million, which corresponds to 59
(53) basis points of average lending and were thus lower than the long-term average of 68 basis
points. The diversification of the lease portfolio across countries and sectors in combination
with strict risk management contributed to the relatively limited increase in bad debt costs.
Regulatory capital unchanged
The regulatory capital of De Lage Landen was virtually unchanged in 2013 at EUR 1.3 (1.3)
billion. The economic capital increased slightly to EUR 1.4 (1.3) billion.
De Lage Landen will continue its current strategy of prioritising investment in relationships with
its partners. The results of the Partnership Engagement Survey will be used in 2014 to be able to
add further value for our customers. De Lage Landen will continue to invest in new business
models, in combination with developments such as the circular economy and the shift from the
ownership of assets to the use of assets. These new business models will lead to a profitable
and sustainable partnership for both parties in the short and long term. Current forecasts
indicate that the result of the leasing segment in 2014 will be in line with that achieved in 2013.
Annual Report 2013 Rabobank Group
