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 Introduction Management report Appendices Corporate governance Consolidated Financial Statements Company Financial Statements
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 2017 2016
Recognised in the trading portfolio 2
Recognised in the investment portfolio 496 801
Total short-term government papers 498 801
This item represents loans and advances to other banks, other
than in the form of interest-bearing securities.
In millions of euros
2017
2016
Loans and advances to other banks
25,746
23,328
Loans and advances to group companies
15,919
24,361
Total loans and advances to banks
41,665
47,689
Of which subordinated
The terms of loans and advances to banks can be broken down as follows:
On demand
18,222
14,289
3 months
10,428
11,311
3 months 1 year
4,452
5,930
1 year 5 years
4,921
10,714
5 years
345
844
No maturity
3,297
4,601
Total loans and advances to banks
41,665
47,689
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
2017
2016
Breakdown of loans and advances to customers:
Public sector lending
1,938
3,099
Private sector lending
363,777
366,544
Professional securities transactions
13,076
16,536
Total loans and advances to customers
378,791
386,179
Totals include:
Of which to group companies
61,160
61,942
Of which residential mortgages
165,312
170,366
Of which other mortgages
66,228
60,890
Loans recognised in the trading portfolio
762
1,049
Loans recognised in the investment portfolio
4
5
Loans at amortised cost
378,025
385,125
Total loans and advances to customers
378,791
386,179
The terms of loans and advances can be broken down as follows:
On demand
32,592
32,256
3 months
24,467
33,797
3 months 1 year
23,327
20,834
1 year 5 years
80,353
75,318
5 years
212,028
216,849
No maturity
5,258
6,071
Loans at amortised cost
378,025
385,125
Loans (excluding government loans and reverse repos) can be classified as
follows by their concentration in specific business sectors:
Food Agri 17% 17%
Trade, industry and services 29% 27%
Private individuals 54% 56%
100% 100%
The fair value of collateral accepted in the form of debt
securities is 12,861 (2016:16,114).
The fair value of collateral that Rabobank can sell or pledge is
17,037 (2016: 13,015).
Rabobank Annual Report 2017 - Company financial statements
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