Rabobank came to farmers' rescue in June year

Rabobank lifted lending to farmers as three of the four majors shrank lending. (Image: Getty)

Wed, 31 Aug 2022

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...

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