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Rentenbank in 2024: Lower volume of new loans granted, lower operating result
Frankfurt. 2024 was a challenging year for Landwirtschaftliche Rentenbank. New promotional loans declined across all promotional lines by 41.1% to EUR 3.6 billion (2023: EUR 6.1 billion). The total volume of new promotional lending activity declined by 26.3% to EUR 7.9 billion (2023: EUR 10.7 billion). To fund its new promotional activity, Rentenbank raised approximately EUR 8.2 billion (2023: EUR 10.5 billion) in medium- and long-term funds in the capital market. The bank’s operating result before provisions for loan losses and valuation effects came to EUR 161.6 million in financial year 2024 (2023: EUR 197.3 million). The Common Equity Tier 1 capital ratio was substantially higher, while the leverage ratio was about the same as in the previous year.
Rentenbank plans funding volume of approx. EUR 10 billion in 2025
Frankfurt. Landwirtschaftliche Rentenbank anticipates a funding volume of approx. EUR 10 billion in 2025, to be raised on bond issues with terms of longer than two years.
Rentenbank: Promotional activity impacted by persistent investment restraint
Frankfurt. Compared to the first half of last year, demand for the special promotional loans of Landwirtschaftliche Rentenbank was considerably weaker in the first half of 2024. At EUR 1.5 billion, the volume of new loans granted was a little less than 50% of the year-ago figure. While investment restraint was evident in nearly all the bank’s promotional lines, the greatest declines were registered in its Rural Development and Renewable Energy lines. The demand for credit was dampened both by the sector’s pessimistic expectations for the future and by the currently high level of the EU reference interest rate. Rentenbank raised EUR 4.9 billion in the capital markets to fund its promotional activity. The operating result of Germany’s development agency for agribusiness and rural areas in the first half of 2024 was below the level of the year-ago period. The bank’s capital ratio and leverage ratio remained at high levels.
