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Frankfurt. Compared to the high volume encountered in the first half of 2022, demand for the special promotional loans of Landwirtschaftliche Rentenbank declined in the first half of 2023, with the volume of new loans granted totalling EUR 3.2 billion. Strong growth was seen in the Rural Development promotional line. Rentenbank raised EUR 7.4 billion in the capital markets to fund its promotional activity. Germany’s development agency for agribusiness and rural areas increased its operating profit considerably in the first half of 2023. The bank’s capital ratios remained at high levels.

Frankfurt. Landwirtschaftliche Rentenbank encountered sharply higher demand for its promotional loans in 2022. The volume of new, low-interest special promotional loans increased by around 23% to EUR 6.9 billion (2021: EUR 5.6 billion), while the volume of total promotional business rose significantly to EUR 11.5 billion (2021: EUR 9.8 billion). To provide better financing options to agtech, foodtech, and bioeconomy start-ups, Rentenbank invested in venture capital funds for the first time in 2022. To fund its promotional activity, Rentenbank raised medium- and long-term funds totalling EUR 11.8 billion (2021: EUR 10.7 billion) in the capital market. The Bank’s capital ratios were nearly as good as in the previous year. Rentenbank has gotten off to a successful start in 2023, having already granted new special promotional loans totalling EUR 1.7 billion.

Frankfurt. 2022 was a very successful year for the promotional lending business of Landwirtschaftliche Rentenbank. The volume of new promotional loans rose substantially. The increase in demand was especially strong in the Rural Development and Renewable Energy lines. The main driver in the Rural Development line was the strong demand for Rentenbank’s global loans by the development banks of the German states, while in the Renewable Energy line it was the strong demand for wind power financing. In total, the volume of new, low-interest special promotional loans granted rose to EUR 6.9 billion (2021: EUR 5.6 billion). To fund its promotional lending business, Rentenbank raised about EUR 11.8 billion (2021: EUR 10.7 billion) in medium- and long-term funds in the capital market. The capital ratios were nearly unchanged from the previous year.