Annual Report 2006 - Rheinland Pfalz Bank

Statement of Financial Condition – Net Assets, Financial Position and Results of Operations LRP 2006 15
Qualitative Growth
As of the balance sheet date, the LRP Group’s business
volume amounted to W 84.7 billion (previous year
W 78.3 billion), up 8.1 % on the previous year. At W 74.1
billion (previous year W 67.6 billion), the Group’s total
assets increased appropriately by 9.7 % based on our
selective and margin-oriented lending policy, whereas
risk-weighted assets (BIS) amounted to W 23.9 billion.
LRP accounted for approximately 84 % of consolidated
total assets, meaning that it continued to dominate the
business development of the Group as a whole.
Selective Lending Policy
While maintaining our return and risk-oriented lending
policy in the Group, we increased our credit volume
of W 65.3 billion by 5.1 %. Apart from loans and securitized
claims, the credit volume also includes guarantees
including credit derivatives and irrevocable credit
commitments. At W 20.1 billion, claims on banks and at
W 16.9 billion, claims on customers were slightly down
on the previous year. Of the amount of claims on customers
W 7.7 billion were accounted for by public-sector
and mortgage loans. Total exposure to the Rheinland-
Pfalz savings banks came to W 5.4 billion.