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Financial results of wholesale banking and international
retail banking
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-
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Contents Management report
Distribution of private savings
of RaboDirect
in billions of euros
40
31-12 31-12 31-12
2013 2014 2015
I Germany
I Ireland
I Belgium
Australia and New Zealand
Loan portfolio by sector
in billions of euros
100
hi
31-12 31-12 31-12
2013 2014 2015
I Food and agri
TIS
Private individuals
Loan portfolio by region
at year-end 2015
North America 31%
I Australia and New Zealand 19%
Europe (excluding the Netherlands) 15%
I The Netherlands 14%
H Latin America 12%
Asia 9%
Corporate governance Consolidated financial statements Financial statements Pillar 3
The loan portfolio grew by 4%
The total loan portfolio of the wholesale banking division and the international
rural and retail banking business increased in 2015 by 4% to EUR 98.8 (95.2)
billion.The volume of lending provided to the food and agri sector amounted to
EUR 59.9 (54.9) billion and thus accounted for 61% (58%) of the total loan portfolio of
this segment.The total loans to the sectorTrade, Industry and Services (TIS) amounted
to EUR 35.4 (36.7) billion. Lending to private individuals reached EUR 3.5 (3.6) billion.
Lending to Dutch companies increased by 8% to EUR 14.2 (13.1) bil lion. The remaining
part of the loan portfolio was issued to companies outside of the Netherlands:
EUR 47.0 (46.9) billion to wholesale clients and EUR 37.6 (35.2) billion to rural and retail
clients. The growth in the international part of the portfolio was due especially to the
depreciation of the euro.
Results
in millions of euros
2015
2014
Movement
Net interest income
2,270
2,416
-6%
Net fee and commission income
513
552
-7%
Other income
653
825
-21%
Total income
3,436
3,793
-9%
Staff expenses
1,123
1,164
-4%
Other administrative expenses
1,101
1,166
-6%
Depreciation
107
87
23%
Operating expenses
2,331
2,417
-4%
Gross result
1,105
1,376
-20%
Impairment losses on goodwill
612
26
Loan impairment charges
526
420
25%
Contribution to resolution fund
66
Bank tax and levy
73
67
9%
Operating profit before taxation
(172)
863
-120%
Taxation
161
105
53%
Net profit
(333)
758
-144%
Loan impairment charges (in basis points)
53
44
20%
Ratios
Cost/income ratio exclusive regulatory levies
67.8%
63.7%
Cost/income ratio inclusive regulatory levies
71.9%
65.5%
RAROC
-4.3%
10.2%
Balance sheet (in EUR billion)
Total assets
Private sector loan portfolio
Due to customers
31-12-2015
489.2
98.8
124.4
31-12-2014
495.1
95.2
115.8
Capital requirements (in EUR billion)
Regulatory capital 6.4 6.4 0%
Economic capital 7.7 7.3 5%
Number of internal employees (in FTEs) 8,785 9,546 -8%
Number of externa I employees (in FTEs) 794 694 14%
38 Rabobank Annual Report 2015