About this Report Chairman's Foreword Corporate Management Report Appendices Governance Consolidated Financial Company Financial Statements Statements sectors was 25% and the proportion of private sector lending allocable to trade, industry and services was 28%. The loans to trade, industry and services and loans to the food and agricultural Amounts in millions of euros Total loans and advances to customers Of which: Loans to government clients Reverse repurchase transactions, securities borrowing agreements and settlement accounts Hedge accounting adjustment Loans to private sector clients This can be broken down geographically as follows: The Netherlands Rest of Europe North America Latin America Asia Australia Africa Total loans to private sector clients Breakdown of loans by business sector Private individuals Trade, industry and services (TIS) Food agri Total loans to private sector clients sectors are spread over a wide range of industries in many different countries. None of these individual sector shares represents more than 10% of the total private sector lending. 2018 2017 436,591 432,564 1,853 2,319 12,929 12,895 5,784 6,386 416,025 410,964 294,628 71% 298,583 73% 31,337 8% 28,493 7% 44,255 11% 41,831 10% 14,067 3% 12,467 3% 8,887 2% 8,076 2% 22,589 5% 21,191 5% 262 0% 323 0% 416,025 100% 410,964 100% 194,897 47% 197,990 48% 118,022 28% 115,192 28% 103,106 25% 97,782 24% 416,025 100% 410,964 100% Trade, Industry and Services Loan Portfolio Analyzed by Food Agri Loan Portfolio Analyzed by Sector Industry Amounts in millions of euros 2018 2017 Amounts in millions of euros 2018 2017 Grain and oil seeds 19,686 18,767 Lessors of real estate 13,517 14,925 Animal protein 16,717 15,376 Finance and insurance (except credit institutions) 13,892 11,618 Dairy 22,486 22,175 Wholesale 11,386 11,102 Fruit and vegetables 10,675 10,251 Activities related to real estate 8,918 8,689 Farm inputs 11,089 9,243 Manufacturing 9,441 8,852 Food retail 5,226 4,727 Transport and warehousing 6,305 6,317 Beverages 2,733 2,915 Construction 4,742 4,647 Flowers 1,581 1,662 Healthcare and social assistance 6,827 5,378 Sugar 2,817 2,539 Professional, scientific and technical services 9,648 9,188 Miscellaneous crop farming 1,357 1,231 Retail (non-food) 4,293 4,417 Other food agri 8,739 8,896 Utilities 3,049 2,428 Total 103,106 97,782 Information and communication 1,021 1,190 Arts, entertainment and leisure Other TIS Total 1,283 23,700 118,022 1,217 25,224 115,192 Derivatives Rabobank sets strict limits for open positions, in amounts as well as in terms. If ISDA (International Swaps and Derivatives Association) standards apply or a master agreement including equivalentterms has been concluded with the counterparty, and if the jurisdiction of the counterparty permits offsetting, the net open position is monitored and reported. This credit risk is managed as part of the general lending limits for clients. Where needed, Rabobank obtains collateral or other safeguards to mitigate credit risks inherent in these transactions. The credit risk exposure represents the current fair value of all open derivative Annual Report2018-Consolidated Financial Statements 153

Rabobank Bronnenarchief

Annual Reports Rabobank | 2018 | | pagina 155