Performance
Leasing
Strong results with growth in the lease portfolio
The leasing segment booked a net profit of EUR 498 million in 2015, an increase of 14% compared
to 2014. DLL's lease portfolio increased by 8% to EUR 35.7 billion due to growth in activities as well
as exchange rate effects.The food and agri share in the lease portfolio increased to 31% and Dutch
activities represent 19% of the lease portfolio. DLL further optimised its lease portfolio by focusing
more on activities in the industries in which it is specialised. Net interest and commission income
developed positively. However, operating expenses increased as a result of growth in the number of
employees as well as the depreciation of the euro compared to the US dollar specifically. The increased
costs for regulations and supervision also contributed to the increase of the operating expenses.
DLL and its clients could - especially in the Netherlands - profit from the improved economic
circumstances. In combination with strict risk management and a good spreading of activities, this
resulted in a 35% decrease of the loan impairment charges to EUR 85 million. As a result, the loan
impairment charges amounted to 25 basis points of the average loan portfolio, way below the
long-term average.
Contents Management report Corporate governance Consolidated financial statements Financial statements Pillar 3
DLL
DLL is a worldwide provider of asset-based finance solutions
and is a subsidiary of Rabobank Group. It is engaged in over
35 countries worldwide and works with partners to find
the best financial solution for every client request. Potential
solutions include, leasing, factoring (commercial finance),
mobility, vendor finance, consumer finance and re-marketing.
DLL focuses on the development of customised financial
solutions that contribute to the success of its partners (i.e.
manufacturers, dealers and distributors). Its mission is to ensure
that companies can acquire and use the equipment needed to
run their businesses.
In the Netherlands, DLL offers its financial solutions in close
cooperation with Rabobank. This combination ensures that
clients have all their finances under one roof, as they can
choose from various financial solutions and leverage the
international network of Rabobank and DLL. The Rabobank
advisor is the first point of contact for a lease or factoring
solution. In case of specific issues, a DLL expert would be
brought in to help determine a solution. Read more information
about DLL here.
Strategy
In the Netherlands, DLL supports the strategy of Rabobank
Group's wide range of financial services. Its support for
Rabobank's global food and agri strategy is reflected in the 31%
share of food and agriculture in DLL's loan portfolio. About half
of DLL's lease portfolio consists of Dutch activities in food
and agri.
Client centricity
Long-term participation and a strong customer focus are at the
core of DLL's strategy. This is expressed in both the alliances with
partners and the dialogue initiated with customers as to how
DLL can most effectively add value. DLL is continuously looking
at new business models, technologies and digital possibilities
that can help therein, and can increase the ease of doing
business. In order to offer as much added-value as possible,
DLL has specialised in a few areas: food and agri, healthcare,
clean technology, transportation, industrial, construction, office
technology and automotive. DLL understands what is going on
in these industries and can offer fitting solutions to businesses.
You can read more about what partnership means for DLL here.
41 Performance