Contents Management report Corporate governance Consolidated financial statements Financial statements Pillar 3
Funding mix
edtf 2i The table below presents the various funding sources.
Access to funding
in billions of euros 31-12-2015 31-12-2014
Due to customers 337.6 326.3
The Netherlands, retail 212.4 208.9
- Private savings 117.1 119.9
- Private other 13.3 13.0
- Businesses 82.1 76.0
The Netherlands, non-retail 51.2 45.7
- Private savings 0.0 0.0
- Private other 0.0 0.3
- Businesses 51.2 45.5
Cross-border 74.0 71.6
- Private savings 23.5 22.7
- Private other 8.0 7.9
- Businesses 42.5 41.0
Wholesale funding 203.1 216.5
Short-term wholesale funding: 53.1 56.2
- CD/CP 48.0 51.6
- ABCP 5.1 4.6
Long-term wholesale funding: 150.0 160.3
- Of which Medium Term Notes 119.4 131.7
- Of which RMBS 14.4 16.6
- Of which subordinated loans 15.5 11.9
- Of which Asset Backed Securities 0.7 0.2
The domestic retail banking business is to a large extent
funded by funds deposited by retail customers. For the group
as a whole, due to customers have increased from all segments
in 2015.This increase is mainly due to an increase in short-term
deposits placed by public sector entities and central banks.
This increase in due to customers and a decrease in assets
contributed to a reduction in the dependency on wholesale
funding.
edtf 20 In 2015, Rabobank issued EUR 19 billion of senior
unsecured long-term bonds in twenty-two different
currencies. By operating on a global scale, the bank aims to
avoid becoming too reliant on a single source of funding.
The average maturity of the newly issued unsecured long-term
bonds is approximately five years (four years).
Of the total wholesale funding, excluding commercial paper
and certificates of deposit, more than EUR 51 billion matures
after five years or more as at year-end 2015.
Unsecured long-term bonds
by currency, at year-end 2015
Maturity date calendar,
short-term wholesale funding
at year-end 2015, in billions of euros
V
1 week
Euro
55%
1 week -1 month
US dollar
15%
I 2-3 months
I Japanese yen
7%
4-6 months
Australian dollar
7%
7-12 months
I Pound sterling
6%
>12 months
Other
10%
Maturity date calendar,
long-term wholesale funding
at year-end 2015, in billions of euros
CO Ox O
1 Of the total amounts due internationally, EUR 30 (30) billion comes
from International Direct Retail Banking activities.
98 Rabobank Annual Report 2015
