 | |
| Company type | Institute under Public Law |
|---|---|
| Industry | Finance and Insurance |
| Founded | 1949 |
| 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 |
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]