About this
Report
Chairman's
Foreword
Corporate
Management Report Appendices Governance
Consolidated Financial Company Financial
Statements Statements
{Nationale HypotheekGarantie, (NHG)) slightly decreased, at 19.4%
of the mortgage loan portfolio. The weighted average indexed
loan-to-value (LTV) of the mortgage loan portfolio was 64% at the
end of 2018. Net additions relating to residential mortgages
amounted to minus EUR 29 million (minus 2 basis points) in 2018,
which is lower than the previous year.
Residential Mortgage Loans
in millions of euros 12-31-2018 12-31-2017
Mortgage portfolio 190,008 193,110
Weighted-average LTV 64% 69%
Non-performing loans (amount) 2,057 1,112
Non-performing loans (in of total mortgage loan
portfolio) 1.08% 0.58%
More-than-90-days arrears 0.30% 0.34%
Share NHG portfolio 19.4% 20.0%
Impairment allowances on financial assets 209 169
Coverage ratio based on non-performing loans 10% 15%
Net additions (29) 12
Net additions (in basis points) (2) 1
Write-offs 42 77
The non-performing loans of the mortgage portfolio were higher
than at year-end 2017. This is the result of the introduction of the
new Definition of Default, which recognizes possible default
situations earlier. Aside from this one-off increase, the underlying
trend of the credit quality is positive.
Deposits from Customers Increased by EUR 7.9 Billion
The private savings market in the Netherlands increased by 4%
to EUR 353.7 (2017: 341.0) billion as of December 312018.
Rabobank's market share was 33.3% (2017:33.4%).' Deposits from
customers rose by 3% to EUR 236.7 (2017: 228.8) billion. Private
savings deposited at DRB increased by EUR 2.1 billion to
EUR 119.1 (2017:117.0) bill ion, despite the fact that clients applied
excess savings to deleverage their mortgage debt, prompted by
the low interest rates on savings. Other deposits from customers
went up by EUR 5.9 billion mainly due to an increase in current
accounts.
1 Source: Statistics Netherlands (Centraal Bureau voor de Statistiek)
Annual Report 2018 - Appendices
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