v
Amounts due to customers
in billions of euros
2010 2011 2012 2013 2014
v
Other amounts due to customers
Private savings
Amounts due to customers by entity
at year-end 2014
Domestic retail banking
Wholesale banking and
international retail banking
Other
Amounts due to customers
in billions of euros
31-Dec-14
31-Dec-13
Total amounts due to customers
326.5
326.2
Private savings
142.6
151.5
Domestic retail banking
119.9
125.2
Wholesale banking and international retail banking
22.7
26.3
Other amounts due to customers
183.8
174.7
Domestic retail banking
89.2
90.5
Wholesale banking and international retail banking
93.1
82.1
Other entities
1.6
2.1
Development of equity
Rabobank Group's equity amounted to EUR 38.9 (38.5) billion on 31 December 2014.
The retained earnings - the amount of profit that can be added to capital - amounted to
EUR 0.6 billion. Equity declined by EUR 1.3 billion as a result of the redemption of old Capital
Securities and Trust Preferred Securities. This decline was more than made up for in early 2015
by means of the issue of EUR 1.5 billion in new hybrid capital.
Of equity, 64% consists of retained earnings and reserves, 15% of Rabobank Certificates, 20% of
hybrid capital and 1% of other non-controlling interests. The retained earnings and reserves
amounted to EUR 24.9 (23.7) billion.
35%
i%
Development of equity
in billions of euros
Equity at the end of December 2013
38.5
Net profit 1.8
Payments on certificates, hybrid capital and other non-controlling interests
-1.2
Retained earnings
0.6
Issued Rabobank Certificates
0.1
Repayment of Capital Securities and Trust Preferred Securities
-1.3
Foreign currency translation reserve
0.5
Other changes
0.5
Equity at the end of December 2014
38.9
Equity
in billions of euros
31-12 31-12 31-12 31-12 31-12
2010 2011 2012 2013 2014
Other non-controlling interests
Hybrid capital
Raboban k Certificates
Retained earnings and reserves
Rabobank Certificates
Rabobank Certificates have been listed on Euronext Amsterdam since 27 January 2014.
The target minimum return on the Rabobank Certificates is 6.5% on an annual basis. The price
rose from 105.00% (EUR 26.25) on 27 January 2014 to 107.45% (EUR 26.86) on 31 December
2014. The average daily turnover on the stock exchange in this period was 7.3 million securities,
and the total volume of securities traded was 238 million. The stock exchange listing means
that the Rabobank Certificates are now also available to persons who are not members of
Rabobank, thus increasing the tradability of this instrument.
Single Supervisory Mechanism (SSM)
The European Central Bank (ECB) assumed its supervisory duties under the Single Supervisory
Mechanism (SSM) in November 2014. Since November 2014, the ECB is responsible through the
SSM for supervision of all credit institutions in the eurozone. The objective of the SSM is to
safeguard the security and stability of the European banking system. In cooperation with
national authorities, the ECB carries out the direct prudential supervision of large credit
institutions in the eurozone, including Rabobank. Before the ECB commenced its supervisory
duties, it carried out an exercise known as a Comprehensive Assessment involving 130 credit
institutions in order to assess the quality of bank balance sheets.This Comprehensive
Assessment consisted of three elements: a Supervisory Risk Assessment (the risk assessment),
44
Annual Report 2014 Rabobank Group
