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Increased promotional business and slightly improved profitability in the first half of 2006
New promotional business increases to € 8.6 billion; buoyant issuing activities; net interest income and operating result slightly above the previous year; cost-income ratio improves to 16.4 % The favourable business performance of Landwirtschaftliche Rentenbank, Frankfurt/Main, continued in the first half of 2006. According to the semi-annual report published today, the promotional bank for agriculture and rural areas showed an increase in new business for promotional loans and a slightly improved profitability. In particular, the bank's new business in standard promotional loan...
read moreFavourable developments in costs and profitability make extended promotional activities possible
First quarter 2006: Continuing increased demand for promotional loans; issue activities at high level; operating result and net interest income once again slightly higher than the previous year Business year 2005: New commitments for special loans almost 30 % higher than the previous year, portfolio of medium and long-term promotional loans grew by 6.2 %; cost-income ratio decreased to 17.1 % together with improved profitability Details of Rentenbank's outstanding A$ issues: Dr. h.c. Uwe Zimpelmann, Chairman of the Board of Managing Directors of Landwirtschaftliche Rentenbank, Fran...
read moreRentenbank plans to raise up to A$ 2bn in 2006
Landwirtschaftliche Rentenbank, Germany's agency for agriculture and rural areas, today announced its issuing plans in the Australian Dollar domestic market for 2006. Rentenbank aims to raise up to A$ 2bn for its medium- and long-term funding via its A$ MTN Programme, unchanged from 2005. Issuance is likely to include increases of outstanding transactions as well as new issues to further complete Rentenbank's yield curve.Rentenbank's outstanding A$ MTN issues have an aggregate volume of A$ 4.05bn. The German agency is rated Aaa/AAA/AAA by Moody's Investors Service, Standard & Poor's and...
read moreRentenbank increases promotional business in 2005
New business in special loans almost 30 % above previous year;medium and long-term promotional loan portfolio in the balance sheet increases by 6.2 % Continuing favourable funding conditions Net interest income and operating result increase slightly;cost-income ratio improves to 17.1 % Total assets reach € 77 billion The business year 2005 once again brought a strong demand for promotional loans from Landwirtschaftliche Rentenbank, Germany's agency for agriculture and rural areas based in Frankfurt/Main. Special loans, which are granted for specific promotional purposes and assista...
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