Contents Management report Corporate governance Consolidated financial statements Financial statements Pillar 3
MAB Development
The MAB organisation had been phased out since 2013. BPD and the administrative
centre of Rabo Real Estate Group took over the remaining ongoing projects in 2015,
partly due to after care and warranty periods.These projects will be further completed
by these organisations.
FGH Bank
Integration of FGH Bank within Rabobank
In early 2015, it was announced that FGH Bank would be integrated into Rabobank.
All the knowledge, expertise and networks in the field of commercial real estate within
both the FGH Bank and Rabobank will be brought together under a single real estate
company. In anticipation, the FGH Bank shares were legally transferred to Rabobank
on 31 March 2015 and FGH Bank is no longer part of the Rabo Real Estate Group.
The employees of FGH Bank will (for now) remain in the employ of Rabo Real Estate
Group and be seconded from there to FGH Bank.
This integration is part of the strategy and cultural change of One Rabobank.
The financing of commercial real estate is an important activity for Rabobank.
Rabobank's mission is to sustainably support (local) society and to play a meaningful
social role. The financing of commercial real estate contributes to this. Knowledge of
real estate and of the real estate market is crucial for this, just like knowledge of and
experience with financing real estate.
The ambition is to remain a top player within the real estate financing market. In order
to maintain the desired position, a strong organisation is required for financing
commercial real estate.
The planning to create one organisation for financing commercial real estate within
Rabobank is still in full swing. Until this organisation is set up, we will continue
to service our real estate clients as before.This applies for FGH Bank as well as for
Rabobank. The loan portfolio of the real estate segment, almost entirely provided by
FGH Bank, came out at EUR 15.3 (16.7) billion.
Loan portfolio shrank by 8%
The loan portfolio of the real estate segment, almost entirely provided by FGH Bank,
came out at EUR 15.3 (16.7) billion.
Economic vitality and quality of life
Now and in the future, real estate must contribute to the quality of society. That is
why Corporate Social Responsibility (CSR) is important within the real estate sector.
CSR regulation outlines how we would like to work with our stakeholders and society
in a broad sense. Our ambition is to reach a top position in the area of sustainability
within the real estate sector. We have translated the main topics for our group to four
pillars: durable real estate, doing business with integrity, doing business responsibly
and social involvement. Based on these pillars, five group themes were formulated:
energy consumption, mobility, employees and leadership, vital communities and
circular economy.
Loan portfolio of FGH Bank
in billions of euros
20
ill!
31-12 31-12 31-12
2013 2014 2015
48 Rabobank Annual Report 2015
