Press archives
Press releases 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...
read moreRentenbank: sharp rise in promotional lending
Demand for special promotional loans up by around 32 %, growth fueled by renewable energies and liquidity assistance. Promotional loans for farm buildings and machinery also up. Strong issuance activity, sharp rise in share of international investors. Earnings are returning to normal, with operating result (German Commercial Code, HGB) lower than in 2009, but well above its pre-crisis level. IFRS measurement results remain very volatile. Total capital ratio rises to 25.3 %. In the first half of 2010, the key features of Rentenbank's performance were an increase in new business and a norma...
read moreRentenbank's promotional lending continues to rise significantly in the first quarter of 2010
- Normalization of the earnings trend after two exceptionally good years - First quarter of 2010: Promotional loans granted at particularly low interest rates again significantly exceed the prior-year level; range of promotional lending for liquidity maintenance expanded; issuing business with a high ratio of international investors; operating result below prior-year level, but above the level achieved before the financial market crisis Fiscal year 2009: Promotional benefit funded by the bank's income exceeds that of record year 2008; total comprehensive income in accordance with IFRS ri...
read moreRentenbank parts company with Dr. Marcus Dahmen
The advisory board of Landwirtschaftliche Rentenbank has released Dr. Marcus Dahmen (44) from his duties as spokesman for the board of managing directors, a position he had held since October 2007. Gerd Sonnleitner, chairman of Rentenbank's advisory board, commented, "We regret that incompatible approaches to the future strategy of the promotional bank make it impossible for us to continue working with Dr. Dahmen. We wish him all the best for the future". Until further notice, Dr. Dahmen's duties will be carried out by Hans Bernhardt (52) and Dr. Horst Reinhardt (55), members of the board...
read moreFiscal year 2009: Rentenbank reported again extraordinary results
- Promotional lending volume and promotional benefit grow significantly - During the second year of the financial market crisis, Rentenbank, Frankfurt am Main, continued to report an extraordinarily positive development in earnings with above-average growth rates. Against this background, Rentenbank continued to strongly expand its promotional activities in the fiscal year 2009. This was driven by the brisk new business in promotional loans for biogas and photovoltaic facilities and a strong demand for liquidity assistance loans launched jointly with the German federal government and the...
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