Rabobank came to farmers' rescue in June year

Rabobank came to farmers' rescue in June year
Rabobank lifted lending to farmers as three of the four majors shrank lending. (Image: Getty)
Jenny Ruth
Farmers had reason to be glad of Rabobank’s presence in New Zealand in the June quarter and the year ended June because it clearly took up the slack as three of the four majors wound down their agricultural lending.The latest data from the Reserve Bank of NZ’s (RBNZ) bank financial strength dashboard showed Rabobank made a net $446 million in new loans to the sector in the June quarter, accounting for 69.9% of the total bank lending growth to agriculture in the three months.In the year ended June, Rabobank made a net $517.2m in new...

More Finance

Andrew Barclay to leave Goldman Sachs NZ
Finance

Andrew Barclay to leave Goldman Sachs NZ

Andrew Barclay has been one of NZ’s most respected deal-makers.

Pattrick Smellie 20 May 2025
How Sharesies is providing ‘patient’ capital for listeds
Finance

How Sharesies is providing ‘patient’ capital for listeds

The online platform is being tapped for bookbuilds and dividend reinvestment plans.

Fonterra boss wins big at INFINZ awards
Finance

Fonterra boss wins big at INFINZ awards

Michele Embling became a fellow of the institute. 

Staff reporters 13 May 2025
No longer 'boutique' Generate is executing, CEO says
Finance

No longer 'boutique' Generate is executing, CEO says

The fund manager is now the seventh-largest KiwiSaver provider.

Gregor Thompson 09 May 2025