![]() | |
Company type | Institute under Public Law |
---|---|
Industry | Finance and Insurance |
Founded | 1949 |
Headquarters | Frankfurt am Main, Germany |
Key people | Management Board: Dr. Horst Reinhardt (Chairman), Dietmar Ilg, Dr. Marc Kaninke |
Products | Financial services |
Total assets | 90.2 billion EUR (2018 YE) |
Number of employees | 304 (2018) |
Website | www.rentenbank.de |
Landwirtschaftliche Rentenbank is Germany's development agency for agribusiness and rural areas. [1] The bank has its registered office in Frankfurt am Main. In 2019 it will be 70 years since it was founded. With its low-interest loans, Rentenbank promotes a wide range of investments in agriculture and the associated upstream and downstream industries as well as in rural areas. The funds are raised in the international capital markets. Rentenbank was established in 1949 as a central funding institution with a statutory promotional mandate. The Federal Republic of Germany has an institutional liability (Anstaltslast) and acts as a guarantor for the liabilities of Rentenbank. [2] Rentenbank is a successor to Deutsche Rentenbank, established as the currency issuer of the Rentenmark in 1923 to combat hyperinflation, and Deutsche Rentenbank Kreditanstalt (RKA), a major lender in the agricultural sector formed in 1925. With total assets under management in the amount of around EUR 90 billion, Rentenbank counts among the 15 largest banks and is the third largest development bank in Germany. Rentenbank is under the supervision of the Federal Financial Supervisory Authority(BaFin) and Deutsche Bundesbank. [3]
Rentenbank’s special promotional loans are geared towards businesses in the agricultural, horticultural, viticultural and silvicultural sectors, including manufacturers of agricultural input materials as well as agriculture-related trade and service companies. The bank also finances projects in the food industry and the associated upstream and downstream industries. Further, Rentenbank promotes civic engagement and public-sector investments in rural areas. The bank’s statutory promotional mandate explicitly includes promoting renewable energy, renewable agricultural resources, organic farming, agriculture-related environmental and consumer protection, and animal welfare. The loans are extended via local banks on a competitively neutral basis. In addition, Rentenbank awards grants for innovations and applied research projects, as well as for projects and institutions that are of particular importance to agribusiness and rural areas. Rentenbank’s Rehwinkel Foundation supports scientific research, promotes events that foster collaboration between agricultural science and industry, and awards scholarships to students on relevant Master’s programmes. Rentenbank focuses its efforts on promoting innovation, in particular start-ups that are developing new, tech-based business ideas that can play a vital role in driving innovation in agriculture. [4]
From 1974 to 1998 Constantin Heereman von Zuydtwyck was president of Landwirtschaftliche Rentenbank. [5]
Rentenbank funds its promotional business primarily in the international capital markets through loans and the issuance of securities. The bank’s most important funding instruments comprise the Euro Medium Term Note (EMTN) programme, the Euro Commercial Paper (ECP) programme, as well as global bonds that are registered with SEC, the US stock market regulator. The bank’s issues are mostly denominated in US dollars and euros. The three major rating agencies have assigned their highest ratings (AAA and Aaa) to Rentenbank’s long-term obligations. [6]
Rabobank is a Dutch multinational banking and financial services company headquartered in Utrecht, Netherlands. The group comprises 89 local Dutch Rabobanks (2019), a central organisation, and many specialised international offices and subsidiaries. Food and agribusiness constitute the primary international focus of the Rabobank Group. Rabobank is the second-largest bank in the Netherlands in terms of total assets.
Agribusiness is the industry, enterprises, and the field of study of value chains in agriculture and in the bio-economy, in which case it is also called bio-business or bio-enterprise. The primary goal of agribusiness is to maximize profit while satisfying the needs of consumers for products related to natural resources such as biotechnology, farms, food, forestry, fisheries, fuel, and fiber.
The KfW, which together with its subsidiaries DEG, KfW IPEX-Bank and FuB forms the KfW Bankengruppe, is a German state-owned investment and development bank, based in Frankfurt. As of 2014, it is the world's largest national development bank and as of 2018 Germany's third largest bank by balance sheet. Its name originally comes from Kreditanstalt für Wiederaufbau. It was formed in 1948 after World War II as part of the Marshall Plan.
The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, often simply shortened to GIZ, is the main German development agency. It is headquartered in Bonn and Eschborn and provides services in the field of international development cooperation and international education work. The organization's self-declared goal is to deliver effective solutions that offer people better prospects and sustainably improve their living conditions.
The Zarai Taraqiati Bank Limited (ZTBL), formerly known as Agricultural Development Bank of Pakistan, is Pakistani government-owned agricultural development bank which is based in Islamabad, Pakistan. Founded in 1961 as the agricultural development bank, the bank was renamed in 2002 as Zarai Taraqiati Bank Limited (ZTBL) and was subsequently incorporated as a public limited company in 2002 under Companies Ordinance 1984.
National Bank for Agriculture and Rural Development (NABARD) is an apex regulatory body for overall regulation of regional rural banks and apex cooperative banks in India. It is fully owned by Ministry of Finance, Government of India. The bank has been entrusted with "matters concerning policy, planning, and operations in the field of credit for agriculture and other economic activities in rural areas in India". NABARD is active in developing and implementing financial inclusion.
The Ministry of Micro, Small and Medium Enterprises is the ministry in the Government of India. It is the apex executive body for the formulation and administration of rules, regulations and laws relating to micro, small and medium enterprises in India. The Minister of Micro, Small and Medium Enterprises is Narayan Rane.
The Association of German Public Banks is a leading association within the German banking sector, bringing together most of the German public banking sector except the local-level savings banks. Its membership includes 63 banks, including the Landesbanks that are also members of the Deutscher Sparkassen- und Giroverband (DSGV) and form part of the Sparkassen-Finanzgruppe, and promotional and development banks owned by the Federal Republic of Germany or the individual German federal states.
Georg Fahrenschon is a German politician of the Christian Social Union (CSU). From 2008 to 2011, he served as finance minister in the Bavarian State Ministry of Finance. He was a member of the Bundestag of Germany until 2007.
Science and technology in Morocco has significantly developed in recent years. The Moroccan government has been implementing reforms to encourage scientific research in the Kingdom. While research has yet to acquire the status of a national priority in Morocco, the country does have major assets that could transform its R&D sector into a key vehicle for development. The industry remains dominated by the public sector, with the universities employing 58% of researchers. Morocco's own evaluation of its national research system – carried out in 2003 – revealed that the country has a good supply of well trained high quality human resources and that some laboratories are of very high quality. However, the greatest gap at that point of time lied in the link between research and innovation. The educational qualifications of Moroccan researchers have increased significantly since the early 1990s. The University of Al-Karaouine is considered the oldest continuously operating academic degree-granting university in the world.
REC Limited, formerly Rural Electrification Corporation Limited, of which Power Finance Corporation Limited (PFC) is holding company, which in turn is under the ownership of the Ministry of Power, the Government of India. It finances and promotes power projects across India. The PSU provides loans to Central/State Sector Power Utilities in the country, State Electricity Boards, Rural Electric Cooperatives, NGOs and Private Power Developers. On 20 March 2019, PFC signed the agreement to acquire a 52.63% controlling stake in REC for ₹14,500 crore (US$1.8 billion). On 28 March, PFC announced that it had completed making the payment for the acquisition and intended to merge REC with itself in 2020. However, REC has maintained that merging PFC-REC is no longer an option.
The European Financial Stability Facility (EFSF) is a special purpose vehicle financed by members of the eurozone to address the European sovereign-debt crisis. It was agreed by the Council of the European Union on 9 May 2010, with the objective of preserving financial stability in Europe by providing financial assistance to eurozone states in economic difficulty. The Facility's headquarters are in Luxembourg City, as are those of the European Stability Mechanism. Treasury management services and administrative support are provided to the Facility by the European Investment Bank through a service level contract. Since the establishment of the European Stability Mechanism, the activities of the EFSF are carried out by the ESM.
The German Cooperative Financial Group is a major cooperative banking network in Germany that includes local banks named Volksbanken and Raiffeisenbanken, the latter in tribute to 19th-century cooperative movement pioneer Friedrich Wilhelm Raiffeisen. The Cooperative Group represents one of the three "pillars" of Germany's banking sector, the other two being, respectively, the Sparkassen-Finanzgruppe of public banks, and the commercial banking sector represented by the Association of German Banks.
Priority sector lending is lending to those sectors of the economy which may not otherwise receive timely and adequate credit. This role is assigned by the Reserve Bank of India to the banks for providing a specified portion of the bank lending to few specific sectors like agriculture and allied activities, micro- and small enterprises, education, housing for the poor, and other low-income groups and weaker sections. This is essentially meant for an all-round development of the economy as opposed to focusing only on the financial sector.
Technology Development Board (TDB), is a statutory body established by Government of India under Technology Development Board Act, 1995, to promote development and commercialization of indigenous technology and adaptation of imported technology for much wider application. The board consists of 11 Board members. The Government reconstituted the Board in March 2000. The Board plays a pro-active role by encouraging enterprises to take up technology-oriented products. The board provides equity capital or loans to industrial concerns and financial assistance to research and development institutions. The loans carry a simple interest rate of 5% per annum.
Bank of Industry Limited is Nigeria's oldest and largest Development Finance Institution (DFI) currently operating. It is owned by the Ministry of Finance Incorporated (MOFI) Nigeria (94.80%), the Central Bank of Nigeria (CBN) (5.19%) and private shareholders (0.01%).
Science and technology in Uganda examine government efforts to develop a national innovation system and the impact of these policies.
The Deutscher Bauernverband) is the largest agricultural and forestry professional association in the Federal Republic of Germany. The DBV is the most significant interest group, lobbying and professional association of farmers in Germany.
Constantin Heereman von Zuydtwyck was a German farmer and politician.
The German public banking sector represents a significant share of the broader banking sector in Germany. Unlike in most other Western and Central European countries, German public-sector banks have been present since the early phases of formalization of banking entities in the early modern period and have never lost their collective significance. They are typically referred to as one of the three “pillars” of the German banking system, the other two pillars being the cooperative banks and commercial banks.