Rabobank New Zealand is a part of the international Rabobank group, the world’s leading specialist food and agribusiness banking. Rabobank is structured as a co-operative and has 120 years’ experience providing banking and finance solutions to businesses involved in all aspects of food and agri-business. Rabobank NZ is one of NZ’s largest agricultural lenders and a major provider of corporate and business banking services to the country’s food and agribusiness sector.
Rabobank was established in The Netherlands in 1898 by farmers looking to support each other’s businesses and give rural communities access to fair financing.
The co-operative came to New Zealand in 1998 and remains true to its founders’ values: creating value for its customers, employees and the rural communities in which it works.
Todd Charteris, pictured above, recently took up the role of Rabobank NZ’s Chief Executive Officer. Originally from a sheep and beef farm in Otago, Mr Charteris has worked with Rabobank since 2000 and has held a number of roles with the bank in both New Zealand and Australia.
Todd says its co-operative status means that Rabobank doesn’t have to answer to shareholder demands, focusing instead on its customers.
“We reinvest 100% of our deposits into New Zealand agri-business, supporting the livelihood of farmers and rural communities,” Todd says.
“Our focus is on food and agri-business, pure and simple. Our strength is based on the commitment and smarts of our people. We believe in old-fashioned personal service and have a deep understanding of agribusiness right across the value chain.
“With many of our rural managers, like me, being from the land, they don’t just know farming, they live and breathe it.”
Todd is excited by the opportunity in front of Rabobank New Zealand to set the pace as a source of sustainable, high-value food and beverage for the world.
“By standing alongside our farmers and agribusiness sector, and tapping into our global expertise, Rabobank can play its part to help our agri sector reach its full potential,” he says.
Rabobank has 220 rural specialists in 33 offices across New Zealand with a wealth of local, on-farm and banking knowledge.
To add to this, the bank’s research and insights division has 90 analysts working across the world, with a team of nine in Australia and New Zealand investigating topics key to the local food and agri-business industries.
Rabobank NZ has six Client Councils looking at solutions to industry and rural community issues, including agricultural education, succession planning and environmental sustainability.
“We invest in food and agri-business by sponsoring more than 200 farming groups and events across New Zealand. We also run programs such as the Rabobank Leadership Awards, Global Farmers and Young Farmers master classes and contribute to the F20 (Food 20) Summit for global food security,” he says.
The bank also runs online retail savings and deposits business RaboDirect.