'Business as usual' with rural lending - Rabobank

Updated at 11:07am on 10 October 2008 Specialist rural bank Rabobank says its approach to farm lending is "business as usual" despite volatility in international finance and commodity markets. While the domestic economy is slowing, along with difficulties in global financial markets, rural manager Ben Russell says Rabobank is confident about the outlook for New Zealand agriculture. Despite the cycles of ups and downs, he says the bank is looking at the medium to long term outlook for New Zealand agriculture. Rabobank has a 15% share of the rural lending market. New Zealand's biggest rural lender, ANZ National Bank, has said the financial tumoil and falling dairy prices will slow the rush to dairy... [read full story]