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Press releases 2012

December 13, 2012

Rentenbank plans to raise around EUR 10bn in 2013

Landwirtschaftliche Rentenbank plans to raise EUR 10bn of medium and long-term funds with maturities above two years in 2013. Rentenbank's funding requirements are therewith similar to previous year's level. The development agency for agribusiness will raise up to 50% of this volume via benchmark transactions in medium-term maturities with a minimum volume of EUR/USD 1bn each. New issues and taps of AUD Kangaroo bonds will continue to be an important part of the long-term funding strategy. Tailor-made syndicated issues and private placements in various currencies will complement the strateg...

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September 13, 2012

Imke Ettori appointed as new member of Rentenbank's Board of Managing Directors

In its meeting today, the Advisory Board of Landwirtschaftliche Rentenbank appointed Ms. Imke Ettori (46) as a new member of the Board of Managing Directors. As of January 1, 2013, she will be responsible for Rentenbank's Credit Risk Management and Operations Financial Markets as a divisional board member and will serve as a full member of the Board of Managing Directors from September 1, 2014. After a bank traineeship at BfG Berlin, graduating in Business Administration at Freie Universität Berlin and various positions held at banks in Berlin, Munich, New York, Paris, and London, Imke Et...

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August 27, 2012

Promotional loans for the agricultural sector continue to reflect strong investment activity

First half of 2012: Special promotional loans: loan commitments for farm buildings, machinery and land purchases grow at double-digit rates, promotional loans for renewable energies significantly below prior-year level, share at approx. 30%. Issuance activity: two thirds of the medium and long-term funding requirement for 2012 have already been raised, Euro most important currency. Financial performance: net interest income and operating result (in accordance with German Commercial Code [HGB] and IFRS) increased. IFRS measurement results positive, but remaining highly volatile. Core capita...

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April 23, 2012

Rentenbank posts solid results and introduces new promotional loans in 2012

First quarter of 2012: Demand for special promotional loans rises, new promotional loans for wind turbine installations and broadband connections in rural areas, strong issuance activity, operating result (HGB and IFRS) significantly above prior-year level, positive measurement results. Fiscal year 2011: Double-digit growth of special promotional loan volume, net interest income influenced by increasing margins, Group operating result (IFRS) slightly below prior year, negative IFRS measurement results, capital ratios continue to improve (core capital ratio: 16.7%, total capital ratio: 25.7...

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January 18, 2012

Performance of promotional business in 2011 influenced by favorable investment climate and low interest rates

- Local banks' medium- and long-term financing needs rise with Basel III - Landwirtschaftliche Rentenbank was again able to report a continued buoyant demand for promotional loans in the agricultural sector in 2011 and - despite the ongoing financial crisis - stable earnings. New business in special promotional lending granted by Germany's development agency for agribusiness reached a new record of €6.3 billion (2010: €6.0 billion). According to initial calculations, the bank's loan portfolio in this promotional segment grew by 17.4 percent to €27 billion (2010: €23 billion). Low-interest...

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December 19, 2011

Rentenbank plans to raise around EUR 10bn in 2012

Landwirtschaftliche Rentenbank plans to raise approximately EUR 10bn of medium- and long-term funding in 2012, slightly less than in 2011. This figure includes all transactions in the capital markets with maturities of more than two years. The development agency will raise up to 50% of this volume via benchmark transactions in medium-term maturities with a minimum volume of EUR/USD 1bn each. New issues and taps of AUD Kangaroo bonds will continue to be an important part of the long-term funding strategy, but on a smaller scale than in 2011. Tailor-made syndicated issues and private placemen...

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August 24, 2011

Favorable investment sentiment in the agricultural sector fuels demand for promotional loans

First half of 2011 Special promotional loans: loan commitments continue to rise; growth fueled by biogas, wind turbine installations and public-sector infrastructure measures; promotional loans for farm buildings, machinery and land purchases also increase. Liquidity assistance loans significantly below prior year level. Issuance activity: three quarters of medium and long-term funding requirements for 2011 have already been raised; U.S. dollar most important currency. Financial performance: net interest income and operating result (HGB and IFRS) at high prior-year level. IFRS measurement...

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April 11, 2011

Rentenbank achieves a good start into fiscal year 2011

- Promotional benefit and operating result remain on a high level - First quarter of 2011: Strong investment activity in the agricultural sector increases demand for special promotional loans in the area of traditional financing; demand for liquidity assistance loans declines significantly; new promotional loans for dioxin-affected agricultural businesses; strong issuing activity; operating result (HGB) at prior-year level Fiscal year 2010: Double-digit growth of special promotional loans; lower net interest income; group operating result (IFRS) at prior-year level; highly volatile IFRS me...

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January 17, 2011

Promotional lending volume and promotional benefit remain high in 2010 fiscal year

Landwirtschaftliche Rentenbank's business in 2010 was characterized by a continued strong demand for promotional loans while the bank's financial performance returned to normal levels. As capital expenditure in the agricultural sector started to pick up again, Germany's development agency for agribusiness continued to increase the promotional lending volume in 2010. According to initial calculations, the bank's portfolio of special promotional loans grew by 17.3 percent to €23 billion. "Our promotional strategy focuses on our special promotional loans that are granted at particularly low in...

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December 16, 2010

Rentenbank plans to raise around EUR 10bn in 2011

Landwirtschaftliche Rentenbank plans to raise approximately EUR 10bn of medium and long-term funding in 2011, slightly less than in 2010. This figure includes all transactions in the capital markets with maturities of more than two years. The development agency will issue up to four benchmark bonds in the coming year in medium-term maturities with a minimum volume of EUR/USD 1bn each. New issues and taps of AUD Kangaroo bonds are also of particular importance as part of the long-term funding strategy. Tailor-made syndicated issues and private placements in various currencies will complement...

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