Rabobank cuts loan rate
Rabobank New Zealand will reduce the variable base rate on its rural loans by 0.5%, effective from 16 October 2024.
"We've made a start on this journey by signing up to the United Natios net zero global alliance, benchmarking the non-financial aspects of client businesses to ensure we are banking with responsible farmers and growers, and undergoing Toitu accreditation to enable us to report on our own emissions," he says.
"We're also finalising a new white paper which looks at the climate change challenge for New Zealand agri-business and expands on some of the ideas and actions I've outlined.
"This paper will be released in the coming weeks and our intention is to engage with farmers, industry stakeholders and politicians over the months ahead to discuss the paper's key findings and how the bank can work together with others to steer the coming food transition."
