Notes to the statement of financial
position
1 Cash and balances at central banks
2 Short-term government papers
-
3 Loans and advances to banks
4 Loans and advances to customers
-
-
Contents Foreword Management report Corporate governance Consolidated Financial Statements Company Financial Statements Pillar 3
Unless otherwise stated, all amounts are in millions of euros.
This item consists of legal tender, balances available on demand
with foreign central banks in countries where Rabobank
operates, as well as a balance with De Nederlandsche Bank (the
Dutch Central Bank) as required under its minimum reserve
policy.
This item relates to government securities with an original
term to maturity of up to two years that the central bank in
the country of origin will redeem at a discount or accept as
collateral. The cost and market value of short-term government
papers are virtually the same.
In millions of euros
2016
2015
Recognised in the trading portfolio
19
Recognised in the investment portfolio
801
841
Total short-term government papers
801
860
This item represents loans and advances to other banks, other
than in the form of interest-bearing securities.
In millions of euros
2016
2015
Loans and advances to other banks
23,328
34,226
Loans and advances to group companies
24,361
74,211
Total loans and advances to banks
47,689
108,437
Of which subordinated - -
The terms of loans and advances to banks can be broken down as follows:
On demand or undated
13,240
50,971
3 months
16,961
21,239
3 months 1 year
5,930
8,354
1 year 5 years
10,714
15,554
5 years
844
12,319
Total loans and advances to banks
47,689
108,437
This item consists of loans and advances arising in the course
of business operations, other than receivables from banks and
interest-bearing securities.
In millions of euros
2016
2015
Breakdown of loans and advances to customers:
Public sector lending
3,099
2,915
Private sector lending
366,544
121,120
Professional securities transactions
16,536
19,783
Total lending
386,179
143,818
Totals include:
Of which to group companies
61,942
66,115
Of which other mortgages
60,890
Of which home residential mortgages
170,366
Total lending
386,179
143,818
Of which recognised in the trading portfolio
1,049
1,487
Of which recognised in the investment portfolio
5
6
Lending excluding loans which form part of the
trading and investment portfolios
385,125
142,325
The terms of loans and advances can be broken down as follows:
On demand
28,762
18,799
3 months
43,362
38,769
3 months 1 year
27,668
15,089
1 year 5 years
68,484
42,144
5 years
216,849
27,524
Lending excluding loans which form part of the
trading and investment portfolios
385,125
142,325
The loans (excluding those to the government, reverse repos and share lending)
can be classified as follows by their concentration in specific business sectors:
Food agri 17% 39%
Trade, industry and services
27%
60%
Private individuals 56% 1%
100%
100%
The fair value of collateral accepted in the form of debt
securities is 18,177 (2015: 5,656).
The fair value of collateral that Rabobank can sell or pledge is
13,015 (2015: 16,720).
276 Rabobank Annual Report 2016
