Contents Management report Corporate governance Consolidated financial statements Financial statements Pillar 3
repayments will result in a moderate reduction of the loan
portfolio of the domestic retail banking business. In addition,
the first effects of making the balance sheet more flexible
(see the section Strategy) will be reflected in the total assets.
Amounts due to customers are expected to remain stable.
A further decrease of the number of employees will result
in lower operating expenses. Loan impairment charges
remained lower in 2015 due to non-recurring effects and will
be somewhat higher in 2016. Also, from 2016 we are going to
contribute to the structuring of the ex-ante financed deposit
guarantee scheme. All in all, we expect that the net profit of the
domestic retail banking business will end up at a somewhat
lower level than in 2015.
34 Rabobank Annual Report 2015
