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April 30, 2020

Rentenbank - following a successful 2019, the focus for 2020 is on corona relief

Frankfurt. 2019 saw Rentenbank’s new promotional business increase at EUR 10.6 billion, slightly above the prior-year level. The special promotional loans business which forms part of it dwindled, mainly because new business in the Renewable Energy promotional line dropped significantly. However, the German development agency for agribusiness and rural areas was in a position to expand its activities within its core area of agriculture.

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January 30, 2020

Fiscal Year 2019 – Increase in new promotional business for agriculture

Frankfurt. Rentenbank can look back at 2019 as a year for strong promotional business. Within its core Agriculture promotional line, Rentenbank saw new business in its attractive low-interest special promotional loans increase by 2.7%. By contrast, the Renewable Energy promotional line experienced a decline. As a result, new business in special promotional loans dropped overall by around 10% to EUR 6.0 billion. Nevertheless, Rentenbank increased its total new promotional business by nearly 3% to EUR 10.6 billion.

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Dr. Christof Altmann

Dr. Christof Altmann

Phone: + 49 69-2107-393

Fax: + 49 69-2107-6444

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