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Interim Financial Information 2013Rabobank Group – Press Conference

22 August 2013

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Interim Financial Information 2013 – resultsPiet Moerland, Chairman of the Executive Board22 August 2013

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Rabobank GroupDecrease in profit amid continuing recession

Amounts in millions of euros 30-Jun-13

30-Jun-12

Change

Interest 4,455 4,473

Fees and commission 1,046 1,169

Other results 944 1,241

Income 6,445 6,883 -6%

Operating expenses 4,243 4,391 -3%

Value adjustments 1,106 1,096

Income tax expense 82 180

Net profit from continued operations 1,014 1,216 -17%

Net profit from discontinued operations 98 71

Net profit 1,112 1,287 -14%

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• Weak economic conditions in the Netherlands

• Benefit from strategic international focus on food and agri

• Robeco sold in July

• New Collective Labour Agreement and transition to new pension scheme

• LIBOR investigations

Developments in first half of 2013 (1)

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Market shares in the Netherlands 30-Jun-13 31-Dec-12

•Mortgages 31% (31%)

•Savings 39% (39%)

•Trade, industry and services 44% (43%)

Cooperative dividend

Developments in first half of 2013 (2)

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Balance sheet developments and ratiosStrong positionsAmounts in billions of euros 30-Jun-

1330-Jun-

12

Core Tier 1 ratio 12.9% 12.7%

Tier 1 ratio 16.9% 16.9%

Total capital ratio 18.7% 17.6%

Liquidity position 131 159

Loan-to-deposit ratio 1.35 1.38

Private sector loan portfolio 454 462

Amounts due to customers 340 341

Domestic retail banking divisionNet profit EUR 615 million; -3%• Some recovery of margins on savings

deposits• Increase in innovation costs• Slight rise in value adjustments

635

215307

218305

615

• Loan portfolio EUR 305 billion; -0.5%• Amounts due to customers EUR 218

billion; +1.7%

Wholesale and international retail Net profit EUR 496 million; -9%• Sale of Yes Bank in the first half of

2012• Lower results at Global Financial

Markets and Rabo Private Equity• Decrease in value adjustments in

Ireland

543

496

118108

120105

• Loan portfolio EUR 105 billion; -2.0%• Food and agri comprises 50% of the

portfolio• Amounts due to customers EUR 120

billion; +1.7%• IDB savings EUR 27 billion; +12%

LeasingNet profit EUR 232 million; +21%

• Increase in interest income• Limited rise in value adjustments

191

232

29.6

30.2

• Lease portfolio EUR 30.2 billion; +2.0%

• Food and agri comprises 30% of the portfolio

Real EstateNet loss Rabo Real Estate Group EUR 198 million

• High(er) impairments on land• Phasing out MAB Development• Increase in bad debt costs

47

-198

7341

17200

8982

17800

• Number of homes sold 1,749; -30%• Loan portfolio EUR 19.3 billion; +0.5%• Assets under management EUR 5.7

billion; +4%

19.25.5

5.719.3

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Interim Financial Information 2013 – analysisBert Bruggink , CFO

22 August 2013

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Loan portfolio EUR 454 billion; -0.8%• Contraction at local Rabobanks and Rabobank International• Growth at Obvion and De Lage Landen

Lending

+0% -1.2% -1.9%

Home mortgages in the Netherlands

Home mortgages EUR 210 billion• Few home sales, amended tax

regulations and additional repayments• 46% of total lending• Loan-to-value 83%• 20% of portfolio financed with NHG

209.6

113

68

210.1

Value adjustments 6 basis points• 6% of total value adjustments• Approximately 7,000 or 0.56%

customers have a payment arrears of 90 days or more

• Recovery is no longer possible in the case of approximately 2,800 or 0.23% customers

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Commercial real estate Netherlands (1)6% of lending; 26% of value adjustmentsIn millions of euros

Portfolio Impaired loans

Provisions Value adjustments

30 June 2013

Investment property

26,120 2,922 913 212

Property development

3,035 734 344 81

31 December 2012

Investment property

26,305 2,384 728 326

Property development

3,113 644 269 121

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Commercial real estate Netherlands (2)Write-downs versus value adjustments

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Amounts due to customers EUR 340 billion; +1.6%• Customer savings deposits EUR 156 billion; +4.3%• Debt securities in issue EUR 198 billion; EUR -25 billion• NSFR 102% and LCR 131%

FundingAmounts due to customers and debt securities in issue

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Equity

In billions of euros

Equity at 31-Dec-12 42.3

Net profit 1.1

Payments on member certificates, hybrid capital and non-controlling interests

-0.5

Earnings retention 0.6

Revaluation of liability for pension entitlements -0.7

Repayments of hybrid capital and change in member certificates

-0.5

Other changes (including exchange rates and IAS19R for Robeco and ACCBank)

-1.0

Equity at 30-Jun-13 40.7

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Balance sheet

In billions of euros

30-Jun-13

31-Dec-12

30-Jun-13

31-Dec-12

Cash and cash equivalents

45 68 Due to customers 340 334

Loans to customers

479 485 Debt securities in issue

198 223

Financial assets 63 63 Due to other banks

19 27

Due from other banks

34 35 Derivative financial instruments and other trade liabilities

59 75

Derivative financial instruments

48 65 Other liabilities 41 49

Other assets 29 35 Equity 41 42

Total assets 698 751 Total liabilities 698 751

Rabobank capital strategy

retainedearnings &

reserves9.9%

retainedearnings &

reservesapprox.12%

Capital structure in % of risk-weighted assets

membercertificates

3%

membercertificatesapprox. 2%

hybridcapital

approx. 3.5%

hybridcapital

4%

T2 1.8% T2 >2.5%

Core Tier 112.9%

Core Tier 114%

Tier 117.5%

Tier 116.9%

Total capital ratio>20%Total capital ratio

18.7%

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• Value adjustments 49 bp; long-term average 28 bp• Increase primarily at local Rabobanks and Rabo Real Estate Group• Decrease at Rabobank International

Value adjustments

Profit development Rabobank Group

Development of capital ratios

* Excluding impact sale of Robeco on 1 July 2013

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Interim Financial Information 2013 – current developmentsPiet Moerland, Chairman of the Executive Board 22 August 2013

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Slight improvement in worldwide growth

Global economy improves slightly• Growth emerging markets limited• Outlook US and UK considerably better• The Eurozone is pulling out of recession

Dutch growth hindered by decrease in domestic spending • Higher export growth prospects due to higher growth in the US and the UK

and return to growth in Eurozone• Government austerity measures continue to put pressure on spending• Further drop in consumer spending, because of decrease in disposable income• Hope is placed in recovery of housing market

Economic outlook

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• Supervision on local Rabobanks for 90 years.• Supervisory role is legally embedded and allocated to Rabobank Nederland.• Rabobank Group encompasses 136 autonomous local Rabobanks. They are

the foundation of the Rabobank organisation. Each local Rabobank is autonomous and has its own banking licence.

• Local Rabobanks guarantee each other’s obligations. They can fall back on their centralised organisation Rabobank Nederland.

• Delegated supervision on behalf of De Nederlandsche Bank has existed since the early 1950s. Supervision pertains to controlled and honest business operations, solvency and liquidity.

• The principle is that each local Rabobank performs well. If a bank does not perform well, additional guidance is provided by Rabobank Nederland to the local Rabobank concerned. This is a normal part of the continuous improvement for which the local Rabobanks strive.

• On average 5-10% of the local Rabobanks need additional guidance.

Local Rabobanks supervised by RN

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• The world and customer behaviour are changing dramatically.• Customers have a need for simple and transparent financial services and want

to be able to take care of their financial affairs anytime and anywhere.• We are streamlining processes, simplifying the product portfolio and providing

self-service online and via mobile phones.• This way of serving the customer goes with an efficient organization with a

structural higher profitability.• From 28,000 to 20,000 jobs and from 136 to 100 local Rabobanks.• This will also lower our cost base by EUR 1 billion.• Number of branch offices will be halved to approximately 400. Rabobank will

still have the most dense branch office network in the Netherlands.• Rabobank will look different in 2016, but it is and will remain the cooperative,

sound and sustainable bank for its customers.

Vision 2016

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Interim Financial Information 2013Thank you for your attention

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Interim Financial Information 2013