1. Summary analysis
14.0%
17.6%
25.0%
5.5%
211.2 bn I 7 bps
14%
13.5%
25%
23.2%
Contents Foreword Management report Corporate governance Consolidated Financial Statements Company Financial Statements Pillar 3
Transitional Common Equity
Tier 1 ratio (CET1)
Transitional Tier 1 Capital Ratio
(2015: 16.4%'
Transitional Total Capital Ratio
(2015: 23.2%)
Leverage ratio
Total Risk Weighted Exposure
Amounts
2015: EUR 213.1 bn)
Loans impairment charges
(2015: 24 bps)
2016
2015
COMMON EQUITY TIER 1
COMMENTARY
Per 1 January 2016 the CET1-ratio decreased from 13.5% to 13.1% due the phase-in of
CRD IV. In the remainder of 2016 the CET1 increased 0.9% mainly due to the inclusion
of net profit (after payments on capital instruments) and the sale of Athlon. The fully
loaded CET1 ratio was 13.5% on 31 December 2016.
TOTAL CAPITAL RATIO
2016
2015
COMMENTARY
The total capital-ratio increased 1.8% in 2016 from 23.2% to 25.0%, mainly as
a consequence of the issuance of Tier 1 and Tier 2 capital instruments and the higher
CET1 capital. This increase is in line with Rabobank's ambition to further increase its
loss-absorbing capital.
298 Rabobank Annual Report 2016
