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Contents Foreword Management report Corporate governance Consolidated Financial Statements Company Financial Statements Pillar 3
Loan portfolio TIS by industry
at year-end 2016
Lessors of real estate 17%
Wholesale 10%
Finance and insurance,
except banks 10%
Manufacturing 8%
H Professional, scientific and
technical services 8%
H Transport and warehousing 6%
H Health care 5%
Activities related to real estate 4%
Construction 4%
Retail non-food 4%
Utilities 2%
H Information and communications 1%
H Art, recreation 1%
Other 20%
Loan portfolio F&A by industry
at year-end 2016
Dairy 22%
H Grain and oilseeds 19%
H Animal protein 15%
Farm inputs 10%
Fruit and vegetables 10%
Food retail and food service 5%
Beverages 4%
Sugar 3%
H Flowers 2%
H Various crops 1%
Other 9%
The loan portfolio of Wholesale, Rural Retail (WRR) increased, due to several factors
including growth in the rural banking portfolio and Fx changes. At Rabobank's leasing
subsidiary DLL, the loan portfolio increased - excluding the sale of Athlon - on the
back of better economic conditions, and foreign exchange fluctuations. The volume
of the private sector loan portfolio at year-end 2015 was restated and increased by
EUR 8.3 billion as a result of a change in accounting principles related to the netting
of cash pools. More information can be found in the consolidated financial statements
2016 in the section on change in accounting principles. The loan portfolio at the
Rabobank Group level decreased in 2016 by EUR 9.3 billion, including the effects of the
change in accounting policies.
Loan portfolio
Amounts in billions of euros
31-12-2016
31-12-2015
(adjusted for
cash pooling)
31-12-2015
(as reported)
Total loans and advances to customers
452.8
457.7
466.0
Loans to government clients
3.3
3.4
3.4
Reverse repurchase transactions and securities borrowings
16.3
19.7
19.7
Interest rate hedges (hedge accounting)
8.6
9.0
9.0
Private sector loan portfolio
424.6
425.6
433.9
The geographic breakdown of the loan portfolio as at year-end 2016 was as follows:
72% in the Netherlands, 11% in North America, 3% in Latin America, 7% in Europe
(outside the Netherlands), 5% in Australia and New Zealand, 2% in Asia.
Loan portfolio by sector
Amounts in billions of euros
31-12-2016
31-12-2015
(adjusted for
cash pooling)
31-12-2015
(as reported)
Volume of loans to private individuals
201.2
207.8
207.8
Volume of loans to TIS
121.3
120.0
127.7
of which in the Netherlands
84.6
87.3
95.3
of which in other countries
36.7
32.7
32.4
Volume of loans to F&A
102.0
97.8
98.4
of which in the Netherlands
37.5
35.0
35.7
of which in other countries
64.5
62.8
62.7
Total private sector loan portfolio
424.6
425.6
433.9
47% of the loan portfolio was lent to private individuals, 29% to TIS, and 24% to
F&A. The figures alongside represent the breakdown of the TIS and F&A portfolios
by industry.
Increase in amounts due to customers
As is the case for the private sector loan portfolio, also the amounts due to Rabobank
customers at year-end 2015 were restated and increased by EUR 8.3 billion as a result of
a change in accounting principles related to the netting of cash pools. Total amounts
due to customers increased by EUR 1.8 billion to EUR 347.7 billion in 2016, including
the effect of the change in accounting policies. Amounts due to customers in
domestic retail banking increased to EUR 223.3 (215.2) billion, while amounts due to
customers at WRR fell by EUR 6.1 billion to EUR 123.7 (129.8) billion. Private savings are
the most important component of amounts due to customers. Private savings held at
local Rabobanks were flat. However, customers making extra repayments on mortgage
loans due to low interest rates on savings had a downward effect on private savings for
domestic retail banking as a whole. This was more than compensated by an increase in
private savings at WRR partly due to an increase in the savings balances of RaboDirect.
In 2016, private savings increased to EUR 142.2 (140.5) billion.
27 Our output and impact: improving performance
