Press archives
Press releases 2012
Rentenbank plans to raise around EUR 10bn in 2013
Landwirtschaftliche Rentenbank plans to raise EUR 10bn of medium and long-term funds with maturities above two years in 2013. Rentenbank's funding requirements are therewith similar to previous year's level. The development agency for agribusiness will raise up to 50% of this volume via benchmark transactions in medium-term maturities with a minimum volume of EUR/USD 1bn each. New issues and taps of AUD Kangaroo bonds will continue to be an important part of the long-term funding strategy. Tailor-made syndicated issues and private placements in various currencies will complement the strateg...
read moreImke Ettori appointed as new member of Rentenbank's Board of Managing Directors
In its meeting today, the Advisory Board of Landwirtschaftliche Rentenbank appointed Ms. Imke Ettori (46) as a new member of the Board of Managing Directors. As of January 1, 2013, she will be responsible for Rentenbank's Credit Risk Management and Operations Financial Markets as a divisional board member and will serve as a full member of the Board of Managing Directors from September 1, 2014. After a bank traineeship at BfG Berlin, graduating in Business Administration at Freie Universität Berlin and various positions held at banks in Berlin, Munich, New York, Paris, and London, Imke Et...
read morePromotional loans for the agricultural sector continue to reflect strong investment activity
First half of 2012: Special promotional loans: loan commitments for farm buildings, machinery and land purchases grow at double-digit rates, promotional loans for renewable energies significantly below prior-year level, share at approx. 30%. Issuance activity: two thirds of the medium and long-term funding requirement for 2012 have already been raised, Euro most important currency. Financial performance: net interest income and operating result (in accordance with German Commercial Code [HGB] and IFRS) increased. IFRS measurement results positive, but remaining highly volatile. Core capita...
read moreRentenbank posts solid results and introduces new promotional loans in 2012
First quarter of 2012: Demand for special promotional loans rises, new promotional loans for wind turbine installations and broadband connections in rural areas, strong issuance activity, operating result (HGB and IFRS) significantly above prior-year level, positive measurement results. Fiscal year 2011: Double-digit growth of special promotional loan volume, net interest income influenced by increasing margins, Group operating result (IFRS) slightly below prior year, negative IFRS measurement results, capital ratios continue to improve (core capital ratio: 16.7%, total capital ratio: 25.7...
read morePerformance of promotional business in 2011 influenced by favorable investment climate and low interest rates
- Local banks' medium- and long-term financing needs rise with Basel III - Landwirtschaftliche Rentenbank was again able to report a continued buoyant demand for promotional loans in the agricultural sector in 2011 and - despite the ongoing financial crisis - stable earnings. New business in special promotional lending granted by Germany's development agency for agribusiness reached a new record of €6.3 billion (2010: €6.0 billion). According to initial calculations, the bank's loan portfolio in this promotional segment grew by 17.4 percent to €27 billion (2010: €23 billion). Low-interest...
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