Rabobank sells part of mortgage portfolio to Delta Lloyd
Rabobank has sold a share of its mortgage portfolio for EUR 500 million to Delta Lloyd. In line with its capital strategy Rabobank is using this transaction to free up capital to further strengthen its buffers.
This transaction of EUR 500 million represents around 0.25% of Rabobank’s mortgage portfolio (EUR 201.5 bln per end-2015). This sale has no consequences for mortgage customers. Customers will keep all their contacts with Rabobank: the mortgage contract and conditions which were agreed between Rabobank and the customer remain the same.