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