Domestic retail banking divisionNet profit EUR 615 million; -3%Some recovery of margins on savings depositsIncrease in innovation costsSlight rise in value adjustments

635215307218305615Loan portfolio EUR 305 billion; -0.5%Amounts due to customers EUR 218 billion; +1.7%

Chart1

615

635

Net profit

Net profit in millions of euros

Sheet1

30-Jun-1330-Jun-12

Net profit615635

Chart1

305.1218.2

306.5214.5

Loan portfolio

Amounts due to customers

In billions of euros

Sheet1

30-Jun-1331-Dec-12

Loan portfolio305.1306.5-0.46%

Amounts due to customers218.2214.51.72%

Wholesale and international retail Net profit EUR 496 million; -9%Sale of Yes Bank in the first half of 2012Lower results at Global Financial Markets and Rabo Private EquityDecrease in value adjustments in Ireland

543496118108120105Loan portfolio EUR 105 billion; -2.0%Food and agri comprises 50% of the portfolioAmounts due to customers EUR 120 billion; +1.7%IDB savings EUR 27 billion; +12%

Chart1

496

543

Net profit

Net profit in millions of euros

Sheet1

30-Jun-1330-Jun-12

Net profit496543

Chart1

105.4119.9

107.5117.9

Loan portfolio

Amounts due to customers

In billions of euros

Sheet1

30-Jun-1331-Dec-12

Loan portfolio105.4107.5-2.0%

Amounts due to customers119.9117.91.7%

LeasingNet profit EUR 232 million; +21%Increase in interest incomeLimited rise in value adjustments

19123229.630.2Lease portfolio EUR 30.2 billion; +2.0%Food and agri comprises 30% of the portfolio

Chart1

367

304

Net profit

Net profit in millions of euros

Sheet1

30-Jun-1330-Jun-12

Net profit367304

Chart1

30.2

29.6

Loan portfolio

Lease portfolio in billions of euros

Sheet1

30-Jun-1331-Dec-12

Loan portfolio30.229.60.0202702703

Real EstateNet loss Rabo Real Estate Group EUR 198 million

High(er) impairments on landPhasing out MAB DevelopmentIncrease in bad debt costs47-198734117200898217800Number of homes sold 1,749; -30%Loan portfolio EUR 19.3 billion; +0.5%Assets under management EUR 5.7 billion; +4%

19.25.55.719.3

Chart1

-198

47

Net profit

Net profit in millions of euros

Sheet1

30-Jun-1330-Jun-12

Net profit-19847

Chart1

5.719.3

5.519.2

Assets under management

Loan portfolio

In billions of euros

Sheet1

30-Jun-1331-Dec-12

Assets under management5.75.53.6%

Loan portfolio19.319.20.5%

Titeldia

Interim Financial Information 2013 analysisBert Bruggink , CFO22 August 2013

En kolom Tekst

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

Lending+0%-1.2%-1.9%

Chart1

0458.1

458.10

456.31.8

454.51.8

0454.4

Private sector loan portfolio in billions of euros

Sheet1

31-Dec-12Private individualsTISFood and agri30-Jun-13

0458.1456.3454.50

458.101.81.8454.4

Home mortgages in the Netherlands

Home mortgages EUR 210 billionFew home sales, amended tax regulations and additional repayments46% of total lendingLoan-to-value 83%20% of portfolio financed with NHG

209.611368210.1Value adjustments 6 basis points6% of total value adjustmentsApproximately 7,000 or 0.56% customers have a payment arrears of 90 days or moreRecovery is no longer possible in the case of approximately 2,800 or 0.23% customers

Chart1

210.1

209.6

Net profit

Home mortgages in billions of euros

Sheet1

30-Jun-1331-Dec-12

Net profit210210

Chart1

6830-Jun-13

48.44464.195

First half

Second half

Value adjustments in millions of euros

Sheet1

30-Jun-1331-Dec-12

First half68.048.444

Second half64.195

Titel met grote Tabel

Commercial real estate Netherlands (1)6% of lending; 26% of value adjustments

In millions of eurosPortfolioImpaired loansProvisionsValue adjustments30 June 2013Investment property26,1202,922913212Property development3,0357343448131 December 2012Investment property26,3052,384728326Property development3,113644269121

En kolom Tekst

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

Chart1

7726

25843

447120

29346

Value adjustments

Write-downs

In millions of euros

Sheet1

201020112012H1 2013

Value adjustments77258447293

Write-downs264312046

En kolom Tekst

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 billionNSFR 102% and LCR 131%FundingAmounts due to customers and debt securities in issue

Chart1

0334.3

334.36.4

334.30.9

0334.3

+4.3%

-0.5%

Amounts due to customers in billions of euros

Sheet1

31-Dec-12SavingsOther30-Jun-13

0334.3334.30

334.36.40.9334.3

4.3%0.6%

Titel met grote Tabel

Equity

In billions of eurosEquity at 31-Dec-1242.3 Net profit1.1 Payments on member certificates, hybrid capital and non-controlling interests-0.5Earnings retention0.6Revaluation of liability for pension entitlements-0.7Repayments of hybrid capital and change in member certificates-0.5Other changes (including exchange rates and IAS19R for Robeco and ACCBank)-1.0Equity at 30-Jun-1340.7

Titel met grote Tabel

Balance sheet

In billions of euros30-Jun-1331-Dec-1230-Jun-1331-Dec-12Cash and cash equivalents4568Due to customers340334Loans to customers479485Debt securities in issue198223Financial assets6363Due to other banks1927Due from other banks3435Derivative financial instruments and other trade liabilities5975Derivative financial instruments4865Other liabilities4149Other assets2935Equity4142Total assets698751Total liabilities698751

Rabobank capital strategyretainedearnings & reserves9.9%retainedearnings & reservesapprox.12%Capital structure in % of risk-weighted assetsmembercertificates3%membercertificatesapprox. 2%hybridcapitalapprox. 3.5%hybridcapital4%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 ratio18.7%

Chart1

0.10.0290.040.018

0.120.020.030.03

ingehouden winsten & reserves

ledencertificaten

hybride vermogen

Tier 2

Sheet1

ingehouden winsten & reservesledencertificatenhybride vermogenTier 2

Jun-1310.0%2.9%4.0%1.8%18.7%

201612.0%2.0%3.0%3.0%20.0%

En kolom Tekst

Value adjustments 49 bp; long-term average 28 bpIncrease primarily at local Rabobanks and Rabo Real Estate GroupDecrease at Rabobank InternationalValue adjustments

Chart1

1829

2026

1524

823

3121

4821

2923

3724

5525

4928

Value adjustments

10-year moving average

In basis points of average lending

Sheet1

200420052006200720082009201020112012H1 2013

Value adjustments1820158314829375549

10-year moving average29262423212123242528

Profit development Rabobank Group

Chart1

921872

10591024

12011144

13651331

16131141

1316892

16391133

1854773

1287825

1112H1 2013

First half of the year

Second half of the year

Net profit in millions of euros

Blad1

First half of the yearSecond half of the year

20049218721,793

20051,0591,0242,083

20061,2011,1442,345

20071,3651,3312,696

20081,6131,1412,754

20091,3168922,208

20101,6391,1332,772

20111,8547732,627

20121,2878252,112

H1 20131,1121,112

Development of capital ratios* Excluding impact sale of Robeco on 1 July 2013

Chart1

91.90

101.60.2

9.31.40.3

9.21.50.2

10.720.3

112.80.3

12.63.10.6

12.74.30.5

13.241.8

12.941.8

Core Tier 1 ratio

Tier 1 ratio

Capital ratio

Capital ratios in percentages

Blad1

Core Tier 1 ratioTier 1 ratioCapital ratio

20049.01.90

200510.01.60.2

20069.31.40.3

20079.21.50.2

200810.72.00.3

200911.02.80.3

201012.63.10.6

201112.74.30.5

201213.24.01.8

H1 2013*12.94.01.8

Titeldia

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

En kolom Tekst

Slight improvement in worldwide growth

Global economy improves slightlyGrowth emerging markets limitedOutlook US and UK considerably betterThe 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 EurozoneGovernment austerity measures continue to put pressure on spendingFurther drop in consumer spending, because of decrease in disposable incomeHope is placed in recovery of housing market

Economic outlook

En kolom Tekst

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 others 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

En kolom Tekst

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

Titeldia

Interim Financial Information 2013Thank you for your attention

Titeldia

Interim Financial Information 2013

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