Contents Introduction Management report Appendices Corporate governance Consolidated Financial Statements Company Financial Statements
Loan portfolio TIS by industry
at year-end 2017
Lessors of real estate
13%
Wholesale
10%
Finance and insurance,
except banks
10%
Manufacturing
8%
Professional, scientific and
technical services
8%
Activities related to real estate
8%
Transport and warehousing
5%
Healthcare and social assistance
5%
Construction
4%
Retail (except food beverages)
4%
Utilities
2%
Information and communication
1%
Art, entertainment and recreation
1%
Other services
22%
Loan portfolio F&A by industry
at year-end 2017
48% of the loan portfolio was lent to private individuals, 28% to Trade, industry
services (TIS), and 24% to Food Agri.The following graphs represent the breakdown
of the TIS and Food Agri portfolios by industry.
Changes in business segments
As part ofthe ongoing change ofthe bankfollowing the update of our strategic
objectives Rabobank changed the set-up and internal reporting ofthe business
segments. In 2017 the portfolio of DFF's Financial Solutions was transferred to the
business segment domestic retail banking, and a large part ofthe loan portfolio of FGH
Bank which was previously in the real estate segment was integrated in the domestic
retail banking segment and wholesale (part ofthe WRR segment). For comparison
purposes, the segment information for 2016 is also represented in the new structure
and the figures have been adjusted accordingly.
Financial Solutions
In April 2017, DFF transferred its Financial Solutions activities to Rabobank. Financial
Solutions includes leasing and consumer finance products offered to Rabobank
customers in the Netherlands. Migrating DFF's non-vendor finance activities to
Rabobank brings about synergies that can deliver more value to the customers that
make use of these products. Additionally, it allows DFF to focus all of its resources on
its vendor finance business.
Rabo Real Estate Finance
Rabo Real Estate Finance has been introduced in 2016 as the real estate finance
organisation within Rabobank. In line with the Rabobank real estate strategy it ensures
that the expertise of commercial real estate financier FGH Bank's expertise will remain
within the bank. Rabo Real Estate Finance is a centre of expertise in the area of
commercial real estate financing.They advise local Rabobanks about commercial real
estate lending. For more information on Rabo Real Estate Finance click here.
Decrease in private savings
Total deposits from customers decreased by 2% to EUR 340.7 (2016: 347.7) billion.
This was mainly due to balances from corporate customers, which are inherently more
volatile than private savings. Deposits from customers in domestic retail banking
increased to EUR 228.8 (2016:223.3) billion. Deposits from customers at other segments
decreased by EUR 12.5 billion to EUR 111.9 (2016:124.4) billion. This decrease was for
around EUR 5 billion due to currency effects. Nevertheless, private savings at Domestic
retail banking increased by EUR 0.8 billion to EUR 117.0 (2016:116.2) billion, while total
private savings decreased by EUR 0.1 billion to EUR 142.1 (2016:142.2) billion.
Dairy
23%
Deposits from customers
I Grain and oilseeds
19%
in billions of euros
31-12-2017
31-12-2016
Animal protein
16%
Private savings
142.1
142.2
Fruit and vegetables
10%
Domestic retail banking
117.0
116.2
Farm inputs
9%
Other segments
25.1
26.0
Food retail and food service
5%
Other deposits from customers
198.1
205.5
Beverages
3%
Domestic retail banking
111.8
107.1
Sugar
3%
Other segments
86.8
98.4
Flowers
2%
Total deposits from customers
340.7
347.7
Miscelaneous crop farming
Other F&A
Rabobank Annual Report 2017 - Management report
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