Portfolio overview

The following table shows a breakdown of the book value of risk exposures (on- and off-balance) of NIBC, together with the types of risk present in these portfolios. Off-balance sheet amounts consist of loan commitments and guarantees to corporate entities, mezzanine commitments and Credit Default Swaps (CDS) where NIBC is a protection seller. Sold protection creates an off-balance sheet exposure to the reference entity, in addition to the counterparty risk on the CDS counterparty.

The on-balance sheet credit risk exposures are not directly comparable to the numbers in the Balance Sheet. The exposure amounts shown are broadly aligned with the regulatory capital view, except for derivatives, which show the positive replacement values only, without netting and without any potential future exposure add-on. Note 56 to the Consolidated Financial Statements presents a more detailed comparison between risk figures and balance sheet amounts.