De Lage Landen capped a successful 2012 with a €365m net profit, up 19% on the 2011 figure, according to its annual report.

The Rabobank subsidiary grew its portfolio 5% to €30.8bn on the back of business increases across all of its division and recorded 15% year-on-year growth in its global net income to €1.5bn.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

De Lage Landen reported a 7% increase in business volume in its Vendor Finance division, the firm’s largest business area, thanks to 11% growth in its Food & Agriculture segment and 8% growth in its Construction, Transportation and Industrial subdivision.

The firm said growth was mainly due to longer term leasing business as well as an increase in non-interest products, such as insurance, which are becoming popular as value-added services.

According to the company, growth was recorded across De Lage Landen’s operations in the Americas and Europe, as well as in emerging markets.

The company also saw 6% growth in its consumer finance product while Athlon Car Lease increased its international business by 13% on 2011.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Ronald Slaats, chief executive of De Lage Landen, said he was proud of the company’s performance in 2012, particularly the success of traditional market segments.

"Our company’s performance is the result of strong relationships with our partners and the added value we bring through integrated solutions," he said.

"Our investments are paying off. Therefore we will continue to build a real networked organisation that serves customers across the globe better and faster. Cost control, agility and industry knowledge are crucial to offer stability in the current dynamics."

Slaats also acknowledged De Lage Landen’s success at the Leasing Life awards in November in which the firm won three titles.