October 20, 2014 9:04 AM ET

Banks

Company Overview of Landwirtschaftliche Rentenbank

Company Overview

Landwirtschaftliche Rentenbank, a promotional bank for the agricultural sector, provides low-interest loans for various agriculture-related investments, including renewable energies. The company provides refinancing for various projects associated with agriculture or rural areas within the European Union. It focuses on grants standard promotional loans, as well as special promotional loans at particularly favorable interest rates for agribusiness and rural areas. The company provides its products to production enterprises in the agricultural, forestry, viticulture, and horticulture sectors; manufacturers of agricultural investment goods; and trade and service companies related to agriculture...

Hochstrasse 2

Frankfurt am Main,  60313

Germany

Founded in 1949

257 Employees

Phone:

49 69 2107 0

Fax:

49 69 2107 6444

Key Executives for Landwirtschaftliche Rentenbank

Co-Head of Treasury and Vice President
Head of Funding
Head of the Asset Business
Co-Head of Treasury and Vice President
Speaker of the Board of Managing Directors
Compensation as of Fiscal Year 2014.

Landwirtschaftliche Rentenbank Key Developments

Rentenbank Reports Group Earnings Results for the Six Months of 2014

Rentenbank reported group earnings results for the six months of 2014. For the period, the company's operating result declined slightly to EUR 126.0 million against EUR 128.2 million, due to a lower net interest income and increased administrative expenses, which were the same reasons for a decreased operational income in the HGB financial statements. The group's total comprehensive income declined year on year to EUR 130.5 million against EUR 346.1 million a year ago. This drop was due not only to the smaller operating result but also, in particular, to the reduction in gains from fair value measurement.

Landwirtschaftliche Rentenbank Reports Consolidated Earnings Results for the Year 2013

Landwirtschaftliche Rentenbank reported consolidated earnings results for the year 2013. The company reported operating result before provision for loan losses and valuation as reported under HGB in 2013 decreased to EUR 248.7 million compared to the previous year of EUR 303.7 million. The decline was largely attributable to the decline in net interest income, but also to higher administrative expenses due to increased regulatory requirements. Net income increased to EUR 53.0 million compared to EUR 51.0 million a year ago. The distributable profit remaining after transfers to reserves amounted to EUR 13.3 million compared to EUR 12.8 million a year ago.

Landwirtschaftliche Rentenbank to Report Fiscal Year 2013 Results on Apr 28, 2014

Landwirtschaftliche Rentenbank announced that they will report fiscal year 2013 results on Apr 28, 2014

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