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Contents Introduction Management report Appendices Corporate governance Consolidated Financial Statements Company Financial Statements
Amounts in millions of euros
Domestic
retail banking
1/1/7?/?
Leasing
Real estate
Other
segments
Consolidation
effects
Total
For the year ended 31 December 2016
Net interest income
5,730
2,355
917
143
(310)
8,835
Net fee and commission income
1,343
491
82
16
(73)
(33)
1,826
Other results
58
812
816
379
356
(277)
2,144
Income
7,131
3,658
1,815
538
(27)
(310)
12,805
Staff costs
1,820
1,103
606
200
(38)
989
4,680
Other administrative expenses
3,165
919
235
135
353
(1,331)
3,476
Depreciation
117
94
31
4
50
142
438
Operating expenses
5,102
2,116
872
339
365
(200)
8,594
Impairment losses on goodwill and investments
in associates
700
700
Loan impairment charges
32
255
94
(75)
4
310
Regulatory levies
282
152
22
4
23
483
Operating profit before tax
1,715
1,135
827
270
(1,119)
(110)
2,718
Taxation
446
369
170
70
(333)
(28)
694
Net profit
1,269
766
657
200
(786)
(82)
2,024
Cost/income ratio excluding regulatory levies (in ^o)1
71.5
57.8
48.0
63.0
n/a
n/a
67.1
Cost/income ratio including regulatory levies (in %)2
75.5
62.0
49.3
63.8
n/a
n/a
70.9
Loan impairment charges
(in basis points of average private sector loan portfolio)3
1
25
32
(141)
n/a
n/a
7
External assets
291,859
156,286
31,797
6,332
176,319
662,593
Goodwill
322
136
77
2
537
Private sector loan portfolio
285,175
108,596
27,632
2,663
485
424,551
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 2016
4,051
2,961
251
1,095
33
8,391
Loan impairment charges from loans and advances
to customers
107
311
125
(73)
4
474
Write-off of defaulted loans during the year
(966)
(203)
(132)
(240)
(7)
(1,548)
Interest and other adjustments
125
30
15
15
(15)
170
Balance on 31 December 2016
3,317
3,099
259
797
15
7,487
Specific allowance
2,204
2,741
107
794
5,846
Collective allowance
675
11
70
756
IBNR
438
347
82
3
15
885
Total
3,317
3,099
259
797
15
7,487
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
209
