Balance sheet of Landwirtschaftliche Rentenbank
at 31 December 2025

Assets	Note	mEUR	31/12/2025 mEUR	31/12/2024 mEUR
1. Cash reserve
a) Cash on hand		0.0		0.0
b) Balances with central banks		44.5		56.2
of which: Deutsche Bundesbank mEUR 44.5 (PY: mEUR 56.1)			44.5	56.2
2. Loans and advances to banks	1/17
a) Payable on demand		1,973.7		9,081.4
b) Other loans and receivables		55,853.8		56,534.0
			57,827.5	65,615.4
3. Loans and advances to customers	2/20
of which: Secured by mortgages mEUR – (PY: mEUR –) Municipal loans mEUR 7,003.1 (PY: mEUR 6,980.1)			7,100.8	7,003.2
4. Bonds and other fixed-income securities	3/7/17
a) Commercial paper
aa) Other issuers		0.0		50.4
of which: eligible as collateral with Deutsche Bundesbank mEUR – (PY: mEUR –)
b) Bonds and notes
ba) public-sector issuers		1,610.3		977.5
of which: Eligible as collateral with Deutsche Bundesbank mEUR 1,481.2 (PY: mEUR 848.4)
bb) Other issuers		17,338.7		15,714.7
of which: Eligible as collateral with Deutsche Bundesbank mEUR 15,318.2 (PY: mEUR 13,367.6)			18,949.0	16,742.6
5. Shares and other non-fixed income securities	4/7		46.7	33.2
6. Equity interests	5/7
of which: in banks: mEUR 321.9 (PY: mEUR 321.9)
in financial services institutions: mEUR – (PY: mEUR –)
in investments firms: mEUR – (PY: mEUR –)			327.9	327.9
7. Shares in affiliated companies	5/7
of which: in banks: mEUR – (PY: mEUR –)
in financial services institutions: mEUR – (PY: mEUR –)
in investment firms: mEUR – (PY: mEUR –)			49.6	49.6
8. Trust assets	6
of which: Trust loans: mEUR 178.3 (PY: mEUR 168.5)			178.3	168.5
9. Intangible assets	7
a) Purchased concessions, industrial property rights and similar rights, and licenses to such rights			41.6	36,5
10. Property and equipment	7		91.7	80,1
11. Other assets	8		3,812.1	2,426.4
12. Prepaid expenses	9/17
a) From issuing and lending business		1,751.6		2,114.8
b) Other		249.4		330.6
			2,001.0	2,445.4
Total assets			90,470.7	94,985.0

Liabilities and equity	Note	mEUR	mEUR	31/12/2025 mEUR	31/12/2024 mEUR
1. Liabilities to banks	10
a) Payable on demand			0.2		0.0
b) With agreed term or notice period			814.1		1,528.3
				814.3	1,528.3
2. Liabilities to customers	11/17
a) Other liabilities
aa) Payable on demand			0.1		0.0
ab) With agreed term or notice period			1,497.3		1,490.4
				1,497.4	1,490.4
3. Securitised liabilities	12/17/20
a) Debt securities issued				80,523.4	83,752.3
4. Trust liabilities	13
of which: Trust loans: mEUR 178.3 (PY: mEUR 168.5)				178.3	168.5
5. Other liabilities	14			142.0	351.7
6. Deferred income	15/17
a) From issuing and lending business			231.2		310.9
b) Other			1,720.9		2,081.1
				1,952.1	2,392.0
7. Provisions	16
a) Provisions for pensions and similar obligations			154.2		153.7
b) Other provisions			206.1		188.0
				360.3	341.7
8. Subordinated liabilities				3,576.3	3,553.5
9. Fund for general banking risks
a) Subscribed capital			135.0		135.0
b) Retained earnings
ba) Principal reserve pursuant to Section 2 (2) of Rentenbank’s Governing Law		1,252.6			1,233.6
Allocations from guarantee reserve		0.0			0.0
Allocations from net income		19.5			19.0
			1,272.1		1,252.6
bb) Guarantee reserve pursuant to Section 2 (3) of Rentenbank’s Governing Law		0.0			0.0
Withdrawals pursuant to Section 2 (3) of Rentenbank’s Governing Law		0.0			0.0
			0.0		0.0
c) Distributable profit			19.5		19.0
				1,426.6	1,406.6
Total liabilities and equity				90,470.7	94,985.0
1. Contingent liabilities	18
a) Liabilities from guarantees and indemnity agreements				9.9	17.0
2. Other commitments	19
a) Irrevocable loan commitments				1,909.4	589.9

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Balance sheet of Landwirtschaftliche Rentenbankat 31 December 2025

Balance sheet of Landwirtschaftliche Rentenbank
at 31 December 2025