Now Providing Lending and Monetary Products and services to Farmers, Ranchers and Number one Manufacturers
TORONTO, Jan. 10, 2023 /CNW/ — Rabobank, a world chief in meals and agribusiness financing, lately introduced it’s increasing its Canadian choices to incorporate lending to number one manufacturers.
“We’re excited to provide monetary answers without delay to Canadian agricultural manufacturers,” mentioned Paul Beiboer, Rabobank North The us CEO. “With 25 years of revel in within the Canadian meals and agriculture sector, we now have won a deep working out of {the marketplace} and the way Rabobank can perfect serve Canada’s main growers.”
Through increasing its product line, Rabobank Canada will now be offering cutting edge financing, possibility control, and partnership answers in particular designed to deal with the advanced wishes of agricultural manufacturers lately.
“Rabobank strives to offer monetary services and products to assist growers be economically, environmentally and socially sustainable for generations to come back,” mentioned Shawn Smeins, Head of Rural Industry North The us. “The hot button is we need to assist our shoppers feed the arena. We consider our challenge and trade goals are neatly aligned with the ones of Canadian manufacturers.”
Rabobank Canada opened in 1997 as a company financial institution. As of late, Rabobank Canada and Rabo Securities Canada, Inc., be offering loans, get admission to to debt capital markets, asset-based financing, securitizations, non-public placements, mergers and acquisitions services and products and possibility control merchandise for purchasers throughout all the meals and agribusiness worth chain.
Via a knowledge-driven solution to courting banking, Rabobank Canada has grown to serve primary companies within the meals and agricultural sectors, in addition to particular person farmers via third-party supplier finance partnerships.
Increasing Rabobank Canada’s product portfolio to incorporate farm lending has been an ongoing venture for almost 3 years. All nationwide and provincial regulatory compliance and licensing necessities were met and the workforce is having a look towards the following steps.
Roxane Lieverse, a veteran finance govt within the ag sector, not too long ago joined Rabobank to function Head of Canada Agricultural Banking. She’s going to lead the lending operation and is development a devoted workforce of courting managers in Canada.
“We do trade with our shoppers at their kitchen desk,” Lieverse added. “Our courting managers meet face-to-face with purchasers to hear their wishes and perceive their operations. We intention to construct accept as true with via the ones conversations and learn the way we will upload worth to their trade via monetary services and products.”
Leveraging its international succeed in and functions, Rabobank Canada will be offering short- and long-term debt choices to farmers and ranchers.
“We will be able to be a one-stop store for Canada’s agricultural time period and operational lending wishes, in addition to different monetary services and products and possibility control merchandise,” mentioned Marc Drouin, Basic Supervisor and Important Officer of Rabobank Canada. “Now we have been dedicated to meals and agriculture globally since 1898 and we perceive and price this trade and our shoppers.”
With greater than 43 million hectares of arable land, Canada is very important to assembly international call for for meals and getting rid of meals lack of confidence. Already lately, Canada is the arena’s fifth-largest exporter of agricultural merchandise and the federal government not too long ago followed a industry goal of 75 billion CAD through 2025.
“Canada is a singular meals and agriculture marketplace,” Beiboer added. “The collection of younger farmers is in fact rising and the rustic is on course to grow to be the arena’s second-largest meals and agricultural merchandise exporter. It is a stupendous and logical marketplace for Rabobank to provide a complete suite of financing choices to present company purchasers, in addition to Canadian farmers and ranchers.”
About Rabobank
Rabobank Team is a world monetary services and products chief offering wholesale, rural and retail banking, leasing, and actual property services and products in greater than 38 nations international. Based over a century in the past, Rabobank lately is likely one of the international’s biggest banks with over $765 billion in belongings. Within the Americas, Rabobank is a premier financial institution to the meals and agribusiness trade, offering sector experience, strategic suggest and adapted monetary answers to purchasers throughout all the meals worth chain from “farm to fork.”
About Rabobank Canada
Rabobank Canada supplies monetary services and products to company meals and agribusiness purchasers and now gives agricultural manufacturers revolving traces of credit score, actual property and kit financing and possibility control merchandise in particular designed to satisfy their advanced wishes.
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Melanie Bernds
Public Members of the family, Rabobank
[email protected]
SOURCE Rabobank
