Rabobank will offer a range of measures to support farming and small agribusiness clients negatively impacted by COVID-19, where required.
The specialist agribusiness bank said while the Australian agricultural sector is in an overall strong position to manage through the disruptions of the Coronavirus, in instances where clients’ businesses were negatively impacted, the bank would offer support initiatives including:
- deferral of scheduled loan payments,
- waiving of break costs on early redemption of farm management deposits to allow access to needed funds,
- waiving of fees on loan increases necessary for rebuilding operations and
- waiving of fees for equipment finance variations.
Rabobank is monitoring the evolving situation with COVID-19 and actively contacting all potentially-affected clients to assess their individual situations and provide support where required. Support would be tailored to fit the individual needs of farming and agribusiness clients.
The bank is fully committed to maintaining its high-quality service to clients and support to the wider sector to work through the challenges ahead.
The wellbeing and interests of the bank’s clients and employees are paramount and it is taking all steps needed to assist them through this period.
Rabobank Australia is a part of the global Rabobank Group, the world’s leading specialist in food and agribusiness banking. Rabobank has 120 years’ experience providing customised banking and finance solutions to businesses involved in all aspects of food and agribusiness. Rabobank is structured as a cooperative and operates in 38 countries, servicing the needs of approximately 8.4 million clients worldwide through a network of more than 1000 offices and branches. Rabobank Australia is one of Australia’s leading agricultural lenders and a significant provider of business and corporate banking and financial services to the food and agribusiness sector.
Media Contacts:
Denise Shaw
Head of Media Relations
Rabobank Australia & New Zealand
Phone: 02 8115 2744 or 0439 603 525
Email: denise.shaw@rabobank.com
Georgina Poole
Media Relations Manager
Rabobank Australia & New Zealand
Phone: 0418 216 103
Email: georgina.poole@rabobank.com