Current prices (kg): Gold €132.097 Silver €2.213
    

Real estate heavily loss-making at Rabobank in 2013

Holland Gold
Holland Gold
28 Feb. 2014

Rabobank suffered heavy losses in real estate in 2013. Rabobank's real estate subsidiary, including FGH, suffered a loss of € 817 million in 2013. A loss of € 107 million was also visible in the previous year. These losses are in contrast to a real estate portfolio of approximately €26 billion.

In 2013, Rabobank had to make large provisions to its financing portfolio. This was necessitated by the real estate investigation conducted by the Dutch Central Bank in 2013 into Rabobank's real estate portfolio. In addition, Rabobank has downgraded its land holdings and revalued its land exploitation.

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