-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Contents Introduction Management report Appendices Corporate governance Consolidated Financial Statements Company Financial Statements
Amounts in millions of euros
Domestic
retail banking
WRR
Leasing
Real estate
Other
segments
Consolidation
effects
Total
For the year ended 31 December 2017
Net interest income
5,581
2,367
1,008
57
(170)
8,843
Net fee and commission income
1,398
432
75
59
(10)
(39)
1,915
Other results
74
861
207
479
(230)
(148)
1,243
Income
7,053
3,660
1,290
595
(410)
(187)
12,001
Staff costs
1,430
1,011
487
180
101
1,263
4,472
Other administrative expenses
2,783
1,312
227
154
200
(1,500)
3,176
Depreciation
98
56
28
7
54
163
406
Operating expenses
4,311
2,379
742
341
355
(74)
8,054
Impairment losses on goodwill and investments
in associates
Loan impairment charges
(259)
95
106
(116)
(16)
(190)
Regulatory levies
270
171
22
4
38
505
Operating profit before tax
2,731
1,015
420
366
(787)
(113)
3,632
Taxation
703
416
(71)
73
(135)
(28)
958
Net profit
2,028
599
491
293
(652)
(85)
2,674
Cost/income ratio excluding regulatory levies (in ^o)1
61.1
65.0
57.5
57.3
n/a
n/a
67.1
Cost/income ratio including regulatory levies (in %)2
65.0
69.7
59.2
58.0
n/a
n/a
71.3
Loan impairment charges
(in basis points of average private sector loan portfolio)3
(9)
9
36
(521)
n/a
n/a
(5)
External assets
285,894
131,888
32,466
5,598
147,145
602,991
Goodwill
322
119
75
3
519
Private sector loan portfolio
280,028
101,506
27,159
1,807
464
410,964
Amounts in millions of euros
Domestic
retail banking
WRR
Leasing
Real estate
Other
segments
Consolidation
effects
Total
Loan impairment allowances loans and advances
to customers
Balance on 1 January 2017
3,317
3,099
259
797
15
7,487
Loan impairment charges from loans and advances
to customers
(172)
118
145
(114)
(15)
(38)
Write-off of defaulted loans during the year
(632)
(1,047)
(136)
(204)
(2,019)
Interest and other adjustments
31
(60)
(24)
69
16
Balance on 31 December 2017
2,544
2,110
244
548
5,446
Specific allowance
1,656
1,896
93
544
4,189
Collective allowance
559
19
67
645
IBNR
329
195
84
4
612
Total
2,544
2,110
244
548
5,446
1 Operating expenses divided by Total income
2 Operating expenses plus regulatory levies divided by Total income
3 Loan impairment charges divided by 12-month average private sector loan portfolio
Rabobank Annual Report 2017 - Consolidated financial statements
208
