RabobankGroup said March 31 that it sold a portion of its mortgageportfolio worth €1 billion to insurance company .

The deal represents approximately 0.5% of the group's total€201.5 billion residential mortgage portfolio as of 2015-end.

During the term of the transaction, the group will pay VIVATall cash flows from said part of the portfolio, such as interest payments andredemptions.

Rabobank noted that the transaction is in line with itsstrategy to free up capital to further strengthen its buffers.