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.
Rabobank New Zealand chief executive Todd Charteris says the bank is now located at heart of the vibrant Waikato food and agri region.
"The new Rabobank Centre will be a place where our employees, farmers and community leaders can come together to share ideas to further advance the industry and to help the bank's clients achieve their goals," he says.
"But this is about much more than opening a new office. It's about making a statement about who we are and what we stand for.
"It's about helping us embed a minset across out business centred on getting closer to our clients regardless of where we work across New Zealand, so we can make even better and more effective decisions for them."
Charteris says the Waikato is a real hub for food and agri innovation and development.
"We feel we are now ideally positioned to support our clients and to further grow our New Zealand business."
The new head office in Union Square houses employees: 50 head office staff based in Wellington previously joined in the new building by members of the Waikato regional team who had previously been based in the bank's Hamilton office on London Street.
