183 Credit risk concentrations – debt securities  and money market investments 2012 Americas The  Netherlands United  Kingdom New Markets Total 2012  1) Of which past  due and / or  impaired  assets Residential mortgage backed securities (RMBSs) 5,079 1,142 20 106 6,966 1,232 Commercial mortgage backed securities (CMBSs) 5,227 9 438 147 5,821 65 Asset Backed Securities (ABSs) - CDOs backed by  ABS, Corp. Bonds, Bank loans 507 780 - - 1,287 18 ABSs – Other 2,476 323 1,674 53 3,907 61 Financial - Banking 5,103 1,812 1,671 289 9,615 27 Financial - Other 13,086 234 1,453 220 15,012 8 Industrial 25,986 2,822 2,180 860 31,848 25 Utility 5,403 610 878 157 7,048 3 Sovereign exposure 9,611 11,524 2,966 991 25,092 - At December 31 72,478 19,256 11,280 2,823 106,596 1,439 1  Includes investments of Holding and other activities The fair value of Aegon Americas commercial and agricultural mortgage loan portfolio as per December 31, 2013 amounts to  EUR 6,514 million (2012: EUR 7,317 million). The loan to value (LTV) amounts to about 59% (2012: 61%). Of the portfolio 1.24%  (2012: 1.43%) is in delinquency (defined as 60 days in arrears). In 2013, Aegon Americas recognized EUR 11 million impairments  (net of recoveries) on this portfolio. In 2013, Aegon Americas foreclosed upon, or recovered EUR 73 million of real estate.  The 2013 additional recoveries associated with these loans at the time of foreclosure amounted to EUR 4 million (2012: impairment  recoveries of EUR 2 mllion). The fair value of Aegon the Netherlands mortgage loan portfolio as per December 31, 2013 amounts to EUR 26,114 million  (2012: EUR 24,114 million). The LTV amounts to about 99% (2012: 96%). A significant part of the portfolio (58%; 2012: 54%)  is government guaranteed. Of the portfolio,1.2% (2012: 1.1%) is in delinquency (defined as 60 days in arrears). Impairments in  2013 amounted to EUR 22 million (2012: EUR 16 million). Historical defaults of the portfolio have been between 2 and 9 basis points  per year. Credit risk concentrations – mortgage  loans Americas The  Netherlands United  Kingdom New Markets Total 2012  1) Of which past  due and / or  impaired  assets Agricultural 261 - - - 261 30 Apartment 1,152 - - - 1,152 - Industrial 1,095 - - - 1,095 46 Office 2,314 16 - - 2,330 46 Retail 1,728 17 - - 1,745 45 Other commercial 253 40 - - 293 12 Residential 34 21,092 - 349 21,475 702 At December 31 6,837 21,165 ­ 349 28,351 881