1 Of the total international funds entrusted,
EUR 30.4 (29.1) billion is attributable to
International Direct Retail Banking
activities.
Access to funding
in millions of euros
31-Dec-14
31-Dec-13
Funds entrusted to Rabobank Group
326,471
326,222
Netherlands retail
209,086
215,680
- Private customers
135,898
138,220
- Businesses
73,188
77,461
Netherlands non-retail
45,746
46,139
- Private customers
268
10
- Businesses
45,478
46,129
International1
71,639
64,402
- Private customers
26,381
26,374
- Businesses
45,259
38,028
Wholesalefunding
216,305
219,350
Issued debt:CD/CP/ABCP
- CD
41,824
42,796
- CP/ABCP
13,241
11,620
Total short term issued debt
55,065
54,415
Wholesalefunding: other
161,240
164,935
- of which subordinated
11,928
7,815
EDTF 20 In 2014, Rabobank issued EUR 22 billion of senior unsecured long-term bonds in sixteen
different currencies. By operating on a global scale, the bank aims to avoid becoming too reliant
on a single source of funding. The average maturity of the newly issued unsecured long-term
bonds is approximately four years (2013:4.2 years).
Of the total wholesale funding, excluding commercial paper and certificates of deposit, more
than EUR 58 billion matures after five years or more as at year-end 2014.
Rabobank is a frequent and flexible issuer of short-term debt securities and has seen a solid
inflow of funds in the past years, reflecting its good creditworthiness. The maturity of the short-
term debt has decreased in the past twelve months. The average maturity of short-term
funding decreased to 91 (122) days in 2014.
Unsecured long-term bonds
by currency
at year-end 2014
A/"
I Euro 49%
US dollar 22%
Australian dollar 11%
I Japanese yen 4%
I British pound 2%
Other 12%
Maturity date calendar,
short-term wholesale funding
in billions of euros
25
20
V
1 week
I 1 week -1 month
I 1-3 months
I 3-6 months
I 6-12 months
12 months
Maturity date calendar,
long-term wholesale funding
in billions of euros
40
Li
Lncor-vcoaso<— rsm^r
i— i— i— i— i— (N(NfNfN(N
oooooooooo
rMfNfMfMfNrMtNrsirs|<N
years
101 Rock-solid bank: risk management
