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Press releases 2007

December 10, 2007

Rentenbank planning to raise approximately EUR 11bn in 2008

Landwirtschaftliche Rentenbank is planning to raise the equivalent of approximately EUR 11bn of medium and long-term funding in 2008. This figure includes all transactions in the capital markets with maturities of more than two years. The promotional bank is likely to once again issue four benchmark bonds in the coming year in medium-term maturities with a minimum volume of EUR/USD 1bn. In addition, Rentenbank is planning to issue liquid transactions in other currencies. Benchmark funding will be complemented by smaller public issues and private placements in various currencies and differen...

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September 27, 2007

Dr. Marcus Dahmen succeeds Dr. Uwe Zimpelmann

Dr. Uwe Zimpelmann (64), spokesman of the management board of Landwirtschaftliche Rentenbank, Frankfurt, is retiring on September 30, 2007. Since 1986, he has been a full member of the management board of this promotional bank for agriculture and rural areas. During this term, he has been in charge of issuing business, personnel, legal matters and public relations.Effective from October 1, 2007, Dr. Marcus Dahmen (42) becomes a full member of the management board of Landwirtschaftliche Rentenbank. He was head of the department “Public Sector Germany” and member of the management board “GERM...

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July 30, 2007

Dr. Marcus Dahmen has been appointed as the future spokesman of the management board

Dr. Marcus Dahmen (42), currently head of Public Sector Germany and member of the management board GERMAN MID CAP, Deutsche Bank AG, Frankfurt, has been appointed by the advisory board of Landwirtschaftliche Rentenbank, Frankfurt, as the future spokesman of the management board of the promotional bank. Marcus Dahmen will take up the position on 01.01.2008 at the latest and will then replace the current spokesman, Dr. Uwe Zimpelmann (64). The advisory board thus fulfilled the latter's wish to retire at the end of the year at the latest.After completing his studies in economics and gaining hi...

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July 25, 2007

Half-Yearly Financial Report 2007: Improved profitability allows higher promotional volume

In the first half year of 2007, new business for special loans 25 % over the previous year, buoyant issuance activity, interest surplus and operating result slightly increased, group cost-income ratio falls from 15.7 to 14.4 %. The business performance of Landwirtschaftliche Rentenbank, based in Frankfurt am Main, was denoted by buoyant new business and a slightly improved profitability in the first half of 2007. As the promotional bank for agriculture and rural areas states in its half yearly report published today, it was again possible to grant more financing for promoting agriculture...

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April 25, 2007

Rentenbank starts the year 2007 with a high promotional volume and favourable cost and profitability development

First quarter 2007: Demand for promotional loans at a high level; brisk issuing activity; profitability improved once again Business year 2006: Medium and long-term promotional loan portfolio grew by 5.3 %; operating result and net interest income slightly above the previous year; cost-income ratio at 17.2 % Dr. Uwe Zimpelmann, Chairman of the Board of Managing Directors of Landwirtschaftliche Rentenbank, the promotional bank for agriculture and rural areas based in Frankfurt am Main, presented a positive balance sheet for both the financial year 2006 and the first quarter 2007. At the pr...

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January 10, 2007

Rentenbank's business year 2006: Increased promotional business and stable profitability

New promotional business increases to € 14.5 billion; the balance sheet medium and long-term promotional loan portfolio increases by 5.3 % to € 36 billion Net interest income and operating result slightly above the previous year's level, cost-income ratio 17.2 % (17.1 %) Total assets reach € 82.5 billion (€ 77 billion) Landwirtschaftliche Rentenbank, Germany's agency for agriculture and rural areas based in Frankfurt/Main, showed once again an increase in new promotional business and slightly improved profitability in the business year 2006. In particular, there was a higher demand for st...

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December 20, 2006

Implementation of Basel II leads to zero risk weight for Rentenbank issues

With the introduction of the new Solvency Regulation (Solvabilitätsverordnung, SolvV) as of 1 January 2007, German banks will no longer have to back their holdings of Rentenbank issues with equity capital. According to § 28 of the Solvency Regulation, funding raised by Rentenbank will be treated equal to issues of the Federal Republic of Germany for risk weighting purposes. The new regulation transforms the Basel II rules which stipulate significantly more risk-sensitive capital requirements than the previous guidelines into German law. Due to the amended EU Banking Directive, the German de...

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December 14, 2006

Rentenbank plans to raise approximately EUR 11 bn in 2007

Landwirtschaftliche Rentenbank, Germany's agency for agriculture and rural areas, today announced its issuing plans in the Australian Dollar domestic market for 2007. Rentenbank aims to raise up to A$ 2bn for its medium and long-term funding via its A$ MTN Programme, unchanged from the ceiling planned for 2006.Issuance is likely to include increases of outstanding transactions as well as new issues to further complete and extend Rentenbank's yield curve. Net issuance in 2007 will not exceed A$ 1.5bn as A$ 500m of 5.50% Notes will be due on April 16, 2007.The 6% Notes due Sept. 15, 2009 will...

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December 6, 2006

Rentenbank plans to raise approximately EUR 11 bn in 2007

Landwirtschaftliche Rentenbank, Germany's agency for agriculture and rural areas, plans to raise the equivalent of approximately EUR 11bn in medium and long-term funding in 2007. The figure includes all transactions in the capital markets with maturities and non-call periods of more than two years. Funding will most likely include EUR benchmarks and USD global bonds again, in total four transactions. They will be issued in intermediate maturities with a minimum size of EUR / USD 1bn. Furthermore, it is planned to issue liquid transactions in AUD and other currencies. Benchmark funding will...

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November 13, 2006

Dr. Horst Reinhardt has been appointed to the management board as deputy member effective January 1, 2007

Dr. Horst Reinhardt (52), head of the treasury department at Landwirtschaftliche Rentenbank, Frankfurt, has been appointed by the advisory board of Rentenbank to the management board as deputy member effective January 1, 2007 and as full member effective October 1, 2007.Dr. Uwe Zimpelmann has announced his wish to retire on September 30, 2007 at 64 which has been accepted by the advisory board.Effective January 1, 2007, the members of the management board of Germany's agency for agriculture and rural areas are Dr. Uwe Zimpelmann (chairman), Hans Jürgen Ploog, Hans Bernhardt and Dr. Horst Re...

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