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Rentenbank awards more promotional loans for agribusiness and rural development - wind power remains sluggish

Frankfurt. 2018 saw Rentenbank’s new promotional business drop when compared with the prior-year level. The main reason for this was a sharp decline in wind power financing resulting from a change to the Renewable Energy Sources Act (EEG). New business was virtually stable in the Agriculture promotional line, while it rose in the Agribusiness and Rural Development promotional lines. The Management Board of Germany’s development agency for agribusiness and rural areas was pleased with the results overall. ‘The 2018 business year has shown that Rentenbank’s promotional loans continue to be attractive for all types of investment in agriculture and rural areas,’ underlined Horst Reinhardt, Chairman of the Management Board at Rentenbank.

Rentenbank appoints Marc Kaninke to its Management Board

Frankfurt. Rentenbank’s Supervisory Board has appointed new member, Marc Kaninke (48), to the bank’s Management Board.

Fiscal Year 2018: Sluggish wind power financings trigger lower demand for promotional loans from Rentenbank

Frankfurt. In 2018, Landwirtschaftliche Rentenbank saw falling demand for its special promotional loans, albeit from the high level registered in the previous year. This decrease was attributable to a sharp decline in wind power financings set off by an amendment to the German Renewable Energy Sources Act. The decline could only partially be compensated for by growth in the Agribusiness and Rural Development promotional lines. New business in the Agriculture promotional line remained largely stable. Overall, new business with special promotional loans from Germany's development agency for agribusiness and rural areas dropped to a total of EUR 6.7 billion (2017: EUR 7.4 billion).

Rentenbank expects 2019 funding volume of up to EUR 11 billion

Frankfurt. Landwirtschaftliche Rentenbank expects a total issuance of up to EUR 11 billion with maturities of more than two years in 2019.

Rentenbank: Promotional loans for machinery and buildings particularly in demand, wind energy financing faces headwinds

Frankfurt. In the first half of 2018, Landwirtschaftliche Rentenbank extended low-interest special promotional loans of EUR 3.3 billion (H1 2017: EUR 3.6 billion). The decline was almost entirely attributable to a lower volume of wind turbine financing. In contrast, Germany’s development agency for agribusiness and rural areas saw growth in its Agribusiness and Rural Development promotional lines.

Continued strong demand for Rentenbank’s promotional loans in 2017

- Fiscal year 2017: Wind energy booms

- First quarter of 2018: Growth in rural development loans, lower new business volume in wind energy

Fiscal year 2017: Promotional lending for renewable energy gathers pace

Landwirtschaftliche Rentenbank, based in Frankfurt am Main, reported continued high demand for its promotional loans in the fiscal year 2017. Germany’s development agency for agribusiness and rural areas saw its new promotional business nearly reach the prior year’s high level, totaling EUR 11.9 billion in 2017 (2016: EUR 12.4 billion). New business in special promotional loans amounted to EUR 7.4 billion (2016: EUR 7.7 billion). Renewable energy financing showed particularly strong growth.

Rentenbank issues inaugural Kangaroo Renewable Energy Bond

Landwirtschaftliche Rentenbank, Germany’s Development Agency for Agribusiness, issued its inaugural AUD 100 million Renewable Energy Bond placed exclusively with Mitsui Life Insurance Company Limited. The 15-year bond marks Rentenbank’s first Kangaroo issuance in Socially Responsible Investment (SRI).

Dietmar Ilg joins Rentenbank's Board of Managing Directors

At its meeting today in Frankfurt, the Board of Supervisory Directors of Landwirtschaftliche Rentenbank appointed Dietmar Ilg (53) as a new member of the Board of Managing Directors.

Rentenbank expects 2018 funding volume of up to EUR 11 billion

Landwirtschaftliche Rentenbank, based in Frankfurt am Main, expects a total issuance of up to EUR 11 billion with maturities of more than two years in 2018. Germany’s development agency for agribusiness and rural areas plans to raise up to 40% of its medium and long-term funding via benchmark bonds, with a minimum volume of EUR 1 billion or USD 1 billion each. The funding program will be complemented by other liquid issues and private placements in various currencies, especially in euros, US dollars, pound sterling, and Australian dollars.