Notes to the statement of financial
position of Rabobank
1 Cash and balances at central banks
2 Short-term government papers
4 Loans and advances to customers
3 Loans and advances to banks
Contents Management report Corporate governance Consolidated financial statements Financial statements Pillar 3
Unless otherwise stated, all amounts are in millions of euros.
This item consists of legal tender, balances available on demand
with foreign central banks in countries where Rabobank
operates, as well as a balance with De Nederlandsche Bank
(the Dutch Central Bank) as required under its minimum reserve
policy.
This item relates to government securities with an original
term to maturity of up to two years that the central bank in
the country of origin will redeem at a discount or accept as
collateral. The cost and market value of short-term government
papers are virtually the same.
2015 2014
Recognised in the trading portfolio 19 123
Recognised in the investment portfolio 841 817
Total short-term government papers 860 940
The fair value of collateral that Rabobank can sell or pledge is
16,720 (2014: 26,784).
The fair value of collateral accepted in the form of debt
securities is 5,656 (2014: 5,361).
Reclassified assets
In 2008, based on the amendments to IAS 39 and IFRS 7,
'Reclassification of financial assets', Rabobank reclassified
a number of'Financial assets held for trading'and 'Available-for-
sale financial assets' to 'Loans and advances to customers' and
'Loans and advances to banks'.
This item consists of loans and advances arising in the course
of business operations, other than receivables from banks and
interest-bearing securities.
Breakdown of loans and advances to customers:
Public sector lending 2,915 1,543
Private sector lending 115,311 116,493
Professional securities transactions 21,007 19,176
Total lending 139,233 137,212
Totals include:
Of which to group companies
Other mortgages
Total home residential mortgages
66,115
66,360
Total lending 139,233 137,212
Of which recognised in the trading portfolio 1,487 1,767
Of which recognised in the investment portfolio 6 7
Lending including loans which form part of the
trading and investment portfolios 137,740 135,438
The terms of loans and advances can be broken down as follows:
This item represents loans and advances to other banks, other
than in the form of interest-bearing securities.
2015
2014
Totals include:
Loans and advances to group companies
74,211
92,848
Of which subordinated
The terms of receivables from other banks other than group companies are
as follows:
On demand or undated
50,848
69,995
3 months
20,138
27,001
3 months 1 year
8,354
7,792
1 year 5 years
15,554
19,847
5 years
12,319
11,537
107,213
136,172
On demand or undated
3 months
3 months 1 year
1 year 5 years
5 years
Lending including loans which form part of the
trading and investment portfolios
20,584
32,398
15,089
42,145
27,524
26,395
32,378
18,798
41,194
16,673
137,740 135,438
The loans (excluding those to the government, reverse repos and share lending)
can be classified as follows by their concentration in specific business sectors:
Food and agri 43% 39%
Trade, industry and services 57% 61%
Private individuals 0% 0%
100% 100%
277 Notes to the statement of financial position of Rabobank
