Outlook Contents Management report Corporate governance Consolidated financial statements Financial statements Pillar 3 Loan impairment charges fell by 35% Loan impairment charges for the leasing segment decreased by EUR 46 million to EUR 85 (131) million. In basis points of the average loan portfolio, the loan impairment charges amounted to 25 (43) basis points. With this the loan impairment charges were far below the long-term average of 66 basis points. The lease portfolio of DLL is spread over more than 35 countries and nine industries - so the risks are also widely spread. The worldwide economic recovery and strict risk management contributed to the decrease in the loan impairment charges: in 2015 there were no new significant problem items. Regulatory capital increased The regulatory capital (the external capital requirement) for DLL rose to EUR 1.7 (1.4) billion in 2015. The increase of the credit risk is in line with the developments in the loan portfolios and currency effects.The economic capital (the internal capital requirement) increased to EUR 2.0 (1.5) billion as a result of the aforementioned development and the elimination of the diversification between the risk categories. DLL also works on the development of innovative products in the areas of Life Cycle Asset Management, Mobility Consulting and Fleet Management. In the financial area, DLL expects a limited growth of the lease portfolio in the United States and in Europe for 2016. The economic recovery in the Netherlands is expected to continue and the loan impairment charges will move more towards the long-term average. DLL strives to further expand Dutch activities and the food and agri share. In 2016, DLL would like to continue supporting its partners with customised financial solutions.The strategic focus of DLL in the coming years is on, among other things, the expansion of its digital services. The requested speed of delivery continues to increase, and in the coming years, digitalisation will play an increasingly important role in business solutions. With its digital and mobile services, DLL helps its partners to do business faster and with more ease, allowing them to respond to the needs of their clients faster. In addition to the unique possibilities offered by mobile and digital technology, in certain markets, DLL sees opportunities created by clients' seeking to finance equipment along with the associated services in one total package. Responding to this shifting trend is one of the greatest challenges for DLL in 2016. Hereby, the bundling of solutions without the client entering into long-term fixed financial obligations becomes important. 45 Performance

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Annual Reports Rabobank | 2015 | | pagina 46