Landwirtschaftliche Rentenbank

Last updated
Landwirtschaftliche Rentenbank
Company typeInstitution under Public Law
Industry Finance and Insurance
Founded1949
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
Frankfurt, Rentenbank, Seitenflugel Frankfurt, Rentenbank, Seitenflugel.jpg
Frankfurt, Rentenbank, Seitenflügel

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]

Contents

Promoting agribusiness, rural areas and history

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]

Funding

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]

Related Research Articles

<span class="mw-page-title-main">Economy of Germany</span>

The economy of Germany is a highly developed social market economy. It has the largest national economy in Europe, the third-largest by nominal GDP in the world, and sixth by GDP (PPP). Due to a volatile currency exchange rate, Germany's GDP as measured in dollars fluctuates sharply. In 2017, the country accounted for 28% of the Euro area economy according to the International Monetary Fund (IMF). Germany is a founding member of the European Union and the eurozone.

<span class="mw-page-title-main">Rabobank</span> Dutch banking and financial services company

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.

<span class="mw-page-title-main">KfW</span> German state-owned investment and development bank

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.

<span class="mw-page-title-main">Johor Corporation</span> State owned corporation

Johor Corporation (JCorp) is Johor’s principal development institution for the State of Johor, Malaysia. Headquartered in Johor Bahru, its operations extend across multiple countries including Malaysia, Singapore, Indonesia, Brunei, Australia, Thailand, Cambodia and Bangladesh.

<span class="mw-page-title-main">National Bank for Agriculture and Rural Development</span> Government owned All India Development Financial Institution and Regulatory Body

The National Bank for Agriculture and Rural Development (NABARD) is an All India Development Financial Institution (DFI) and an apex Supervisory Body for overall supervision of Regional Rural Banks, State Cooperative Banks and District Central Cooperative Banks in India. It was established under the NABARD Act 1981 passed by the Parliament of India. It is fully owned by Government of India and functions under the Department of Financial Services (DFS) under the Ministry of Finance.

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.

Elisabet Boehm was a German feminist, writer, founder of the first Landwirtschaftlichen Hausfrauenvereins and the founder of the rural women's movement in general.

<span class="mw-page-title-main">Agricultural Development Bank of Ghana</span> Ghanaian bank

Agricultural Development Bank of Ghana, commonly known as Agricultural Development Bank or ADB, is a government-owned development and commercial bank in Ghana. The bank is the first development finance institution established by the Government of Ghana. It is the developmental finance institution that provides technical and financial services to agribusiness, farmers, and other enterprises at the rural communities. It is one of the commercial banks licensed by the Bank of Ghana, the national banking regulator.

<span class="mw-page-title-main">Georg Fahrenschon</span> German politician

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.

<span class="mw-page-title-main">Science and technology in Morocco</span>

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.

<span class="mw-page-title-main">REC Limited</span> Indian infrastructure finance company

REC Limited, formerly Rural Electrification Corporation Limited, is an Indian public sector company which finances and promotes power projects across India. It provides loans to Central/State Sector Power Utilities in the country, State Electricity Boards, Rural Electric Cooperatives, NGOs and Private Power Developers. It is a subsidiary of Power Finance Corporation (PFC) and is under the administrative control of the Ministry of Power, Government of India.

<span class="mw-page-title-main">German Cooperative Financial Group</span> Banking group in Germany

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.

<span class="mw-page-title-main">Bank of Industry</span>

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 refers to the growth within the technological industry in response to government efforts to develop a national innovation system, as well as any subsequent socioeconomic and cultural impacts of these endeavours.

<span class="mw-page-title-main">Deutscher Bauernverband</span> German agriculture and forestry association

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.

The ECOWAS Bank for Investment and Development(EBID) is a leading regional investment and development bank, owned by the fifteen Economic Community of West African States (ECOWAS) Member States.

<span class="mw-page-title-main">Constantin Heereman von Zuydtwyck</span> German farmer and politician (1931–2017)

Constantin Heereman von Zuydtwyck was a German farmer and politician.

References

  1. www.rentenbank.de
  2. Rentenbank Annual Report 2017
  3. Historie der Rentenbank 1923 - 1948
  4. Rentenbank Annual Report 2018
  5. "Traueranzeigen von CONSTANTIN FREIHERR HEEREMAN VON ZUYDTWYCK | Frankfurter Allgemeine Lebenswege". lebenswege.faz.net.
  6. Rentenbank Annual Report 2018