74 Due to banks
76 Debt securities
75 Due to customers
77 Other liabilities
18 Provisions
Contents Management report Corporate governance Consolidated financial statements Financial statements Pillar 3
This item represents amounts owed to credit institutions, other
than debt securities and subordinated debt, of which:
This item relates to non-subordinated bonds and other interest-
bearing securities, such as certificates of deposit.
Totals include: 2015 2014
Group companies 26,080 24,472
Other equity investments 128 92
The terms of amounts owed to other banks other than group companies are
as follows:
On demand or undated 20,998 19,246
3 months 6,679 7,499
3 months 1 year 1,805 1,313
1 year 5 years 8,235 5,935
>5 years 3,625 4,513
41,342 38,506
2015 2014
Tradeable debt securities 103,942 124,923
Other debt securities 62,559 57,205
166,501 182,128
The terms of debt securities other than of group companies can be broken
down as follows:
On demand or undated 153 267
3 months 27,566 27,442
3 months 1 year 48,379 56,998
1 year 5 years 55,393 57,284
>5 years 35,010 40,137
166,501 182,128
This item consists of amounts due to customers otherthan debt
securities. Due to customers also includes the investments of
central banks amounting to EUR 23 billion (2014: EUR 20 billion).
Totals include: 2015 2014
Group companies 8,186 8,690
Other equity investments 1,176 835
This item includes liabilities that cannot be classified under
any other heading, such as short positions for securities and
liabilities associated with securitised receivables. Other liabilities
also includes liabilities for staff costs, taxes and national
insurance contributions. At year-end 2015, approximately
EUR 55 billion in local Rabobank mortgages were securitised.
Savings comprise all deposits and savings accounts of natural
persons, non-profit making associations and foundations, as
well as non-transferable savings bonds.
The terms of amounts due to customers other than to group
companies are as follows:
2015 2014
This item can be broken down as follows:
Liabilities associated with securitised receivables 54,817 54,232
Current tax liabilities 187 212
Other liabilities 2,916 3,483
Total other debt 57,920 57,927
2015
2014
On demand or undated
51,965
41,462
3 months
42,679
42,600
3 months 1 year
7,160
5,647
2015
2014
1 year 5 years
1,735
2,333
Provision for pensions and other post-
5 years
12,358
16,913
retirement allowances
223
240
115,897
108,955
Provision for deferred tax liabilities
Other provisions
276
305
Total provisions
499
545
Pension provision
The provision for pensions and other allowances following
termination of employment consists of a provision for pensions
26 (2014: 23) and other employee benefits 197 (2014: 217).
For Rabobank Group, the net liability for pensions is
110 (2014:116). For Rabobank, this amounts to 21 (2014:18)
(i.e. the balance of the pension provision and the pension claim
of 5 (2014: 5)).
282 Rabobank Annual Report 2015
