Business development

New business involving special promotional loans reached EUR 6.6 billion in 2025, compared with EUR 3.6 billion in the previous year. The normalisation of the yield curve led to a significant increase in loan demand, particularly in the “Renewable energy” promotional line. Volume growth was also achieved in all other promotional lines, especially in the “Agribusiness” promotional line. New business in the “Agriculture” promotional line was likewise above the previous year’s level. In this area, the upward trend seen in the previous year continued in the funding of livestock housing. In the “Rural development” promotional line, the promotional institutions of the federal states increased their demand for global loans for rural areas. To strengthen Germany’s innovation landscape, Rentenbank once again invested during the reporting year in venture capital funds focused on the AgTech and FoodTech sectors.

In the financial year under review, new business involving special promotional loans, registered debt securities, promissory notes, securities and venture capital totalled EUR 11.8 billion (EUR 7.9 billion), and was therefore significantly above the previous year’s level.

Overall, new business was as follows:

In the reporting year, Rentenbank raised EUR 10.9 billion (EUR 8.2 billion) in medium and long-term funding in the national and international financial markets. Rentenbank used the following instruments for medium- and long-term refinancing: