Rock-solid bank: performance
Leasing
Strong result with growth in the food and agri portfolio
DLL enters into long-term relationships with its partners.The understanding
of its customers it thus accumulates, in combination with its specialisation
in a limited number of industries, means that DLL can offer its customers a
financial solution that helps them achieve their goals.
DLL entered into new partnerships and expanded its existing partnerships
further in 2014.This led to further growth of the activities of DLL: partly due
to currency effects, the lease portfolio increased 9% to EUR 33.0 billion.
The share of food and agri in the lease portfolio rose by 2 percentage points
to 32%.The leasing segment realised a net profit of EUR 436 million in 2014,
thus achieving a comparable level to that realised in 2013.
Affected by a gradual recovery in the global economy, bad debt costs fell to
43 basis points of the average loan portfolio, which is 25 basis points below
the long-term average.
DLL
DLL has been the global specialist in leasing at the Rabobank Group for over 45 years. For DLL,
financing involves more than simply lending money. It involves collaborating with partners.
The organisation works together with the local Rabobanks on a daily basis to find the best
solution for each customer requirement. In order to continue to grow, DLL aims to develop
further. In September 2014, the company launched its new brand name DLL (formerly De Lage
Landen). This general renewal of the brand reflects the growth and success ofthe organisation
and is supported by a new logo and the new slogan 'See what counts'. This is a promise to the
customer that expresses what DLL stands for in three simple words. The business is not only
about financing assets, it's about adding value through integrated financial solutions that help
partners grow their business sustainably. DLL's mission is to enable customers to use the assets
they need to contribute meaningfully to the world, both economically and socially.
Strategy
DLL is a globally operating financial services provider. With its operations in the Netherlands,
DLL supports the Group strategy of wide-ranging financial services provision. It is the market
leader in leasing in the Netherlands. Its support for Rabobank's global food and agri strategy is
reflected in the large proportion of food and agri in DLLs loan portfolio. DLL intends to further
increase this proportion.
Apart from food and agri, DLL specialised in the following industries: healthcare, clean
technology, mobility, transportation, construction, industrial equipment and office technology.
Annual Report 2014 Rabobank Group
