Rabobank Group

18-12-2009 | Press Releases

Rabobank has increased its participation in FinTerra, a leading non-bank financial institution in Mexico dedicated to the agri sector, through a capital increase in FinTerra. Rabobank increased its share in FinTerra from 25 percent to 37.5 percent, with an option to acquire control in the future.

"I'm very pleased with this investment because it is aligned with Rabobank's strategy to be the world's leading food & agri bank.  Mexico is a country with significant agricultural production volume and is well connected to the world's food and agri markets," says Berry Marttin, member of the executive board of Rabobank Nederland.

Manuel Gonzalez, Managing Director and General Manager of Rabobank's Mexico Representative Office, says, "Over the last two years, through Rabobank's participation in FinTerra, we have become more and more convinced of the promise of rural lending in Mexico and of FinTerra's role as a key player in the sector.  Rabobank looks forward to continuing to work with FinTerra to provide financing to an even broader clientele across Mexico's food and agricultural sector."

Rabobank opened its Mexico City Representative Office in 1993, and since then has helped build a substantial portfolio in the Mexican corporate agribusiness segment.  Through its stake in FinTerra, Rabobank seeks to expand into the Mexican farmer and small agribusiness finance sector, where demand for financing outstrips supply.  FinTerra will also allow Rabobank to finance its growing number of U.S. agricultural clients who have operations in Mexico. 

FinTerra has 11 offices located in the key agribusiness states of Mexico, and is exclusively focused on lending to the food and agri sector with a diversified agricultural and agribusiness portfolio.  With a client base of over 15,500 farmers and ranchers, FinTerra provides individual production loans as well as a suite of financing programs.