Rabobank looks for more agribusiness
Rabobank Australia increased its' share of the farm lending market in 2007 and expects to make further inroads this year. The bank announced a 144 per cent rise in net profit with bad debt provisioning falling by more than half. Rabobank said it was well placed to continue to lend despite the global credit crisis. Last week Rabo increased the rate on its’ high interest deposit account to 8 per cent.
Source: The Australian Financial Review