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Management report Appendices Corporate governance Consolidated Financial Statements Company Financial Statements
The table below gives an age analysis of past due but non-impaired financial assets.
Age analysis of past due exposures
in millions of euros
On 31 December 2017
Loans and advances to banks
Loans and advances to customers
Loans to government clients
Loans to private clients:
- overdrafts
- mortgages
- leases
- reverse repurchase transactions and securities borrowing agreements
- corporate loans
- other
Total
<30 days 30 to 60 days 61 to 90 days
46
226
1,527
717
4,483
41
7,109
11
259
220
240
13
749
112
60
147
4
332
90 days
30
164
84
441
9
733
Total
57
275
2,062
1,081
5,311
67
8,923
On 31 December 2016
Loans and advances to banks
Loans and advances to customers
Loans to government clients
Loans to private clients:
- overdrafts
- mortgages
- leases
- reverse repurchase transactions and securities borrowing agreements
- corporate loans
- other
Total
54
42
477
1,644
811
4,093
36
7,157
19
20
327
220
169
10
774
11
158
48
121
2
344
6
190
144
326
10
680
73
59
514
2,319
1,223
4,709
58
8,955
4.3.5 Forbearance
Rabobank has a policy for monitoring its forbearance portfolio
every quarter. This portfolio consists of the customers of
Rabobank for whom forbearance measures have been putin
place.The measures underthat name comprise concessions
to debtors facing or about to face difficulties in meeting their
financial commitments. A concession refers to either of the
following actions:
A modification of the previous terms and conditions of a
contract the debtor is unable to comply with due to its
financial difficulties ('bad debt') in order to allow for sufficient
debt serviceability. A modification that would not have been
granted had the debtor not been in financial difficulty.
A total or partial refinancing of a bad debt contract, which
would not have been granted had the debtor not been in
financial difficulty.
Examples include postponements of repayments and
extensions of the term of a facility. The rationale for the focus on
this portfolio derives from the concerns of European regulators
about the deterioration of the quality of the portfolio; it is feared
that forbearance measures might camouflage this deterioration
of the portfolio as debtors are able to meet their financial
obligations for longer periods as a result of the concessions.
The identification of forbearance measures for the corporate
portfolio is based on the current Loan Quality Classification
framework, with forbearance measures only applying to the
classified portfolio. If forbearance measures are applied to a
debtor, the debtor falls, by definition, under the supervision of
the Special Asset Management department. Lastly, items in the
forbearance category must be reported for up to two years after
their recovery from 'non-performing'to'performing'. This period
of two years is referred to as'Forborne under probation'.
For the accounting policy regarding the derecognition of
financial assets please refer to section 2.9 'Securitisations and
(de)recognition of financial assets and liabilities'.
Rabobank Annual Report 2017 - Consolidated financial statements
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