Agribusiness banking review released
Agricultural lender Rabobank has been named the best agribusiness bank in Australia for the fourth consecutive year.
The Merrill Lynch Business Banking review, which gave the rating, named Rabobank the strongest financial institution for the rural sector by “a considerable margin”.
The review said: “Looking across a range of franchise measures incorporating service, advice, product, response and growth momentum, we rate Rabo the strongest franchise on all dimensions by a considerable margin.”
Rabobank general manager, rural Australia, Peter Knoblanche said the review reinforced Rabobank’s philosophy of good service and expertise.
“Pleasingly, the review found that Rabobank clients returned the highest overall level of satisfaction with their bank relationship.”
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.