Press archives
Press releases 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...
read moreDr. 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...
read moreDr. 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...
read moreHalf-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...
read moreRentenbank 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...
read moreRentenbank'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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