Jakarta. Rabobank Indonesia, a subsidiary of the Netherlands-based Rabobank Group, says it will be focusing on the food and agribusiness sectors in the country, after its parent company injected $35 million capital in May.
“To Rabobank Indonesia, the food and agribusiness sector is not limited to food and agriculture companies. Rabobank Indonesia finances the entire food supply chain, from farm to fork,” Rabobank Indonesia's director for business banking, Jopie Jusuf said in a statement on Thursday.
“If we take the dairy supply chain for example, Rabobank Indonesia can finance the milk cooling tanks, cattle feed providers, cattle, milk processing plants, dairy product manufacturers, transportation companies, packaging companies, as well as the distributors and supermarkets that sell the milk and dairy products,” he said.
“Since the bank finances the entire food and agribusiness supply chain, Rabobank Indonesia customers come from various sectors.”
Also on Thursday, Rabobank said it had signed a deal to finance six automated cooling tanks for dairy farmer members of the Diary Cooperatives of South Bandung (KPBS) in Pangalengan, in Bandung district.
“This is part of Rabobank Indonesia’s strategy to focus on the food and agribusiness sector and Rabobank’s global vision of Banking for Food to help address the world’s challenge of providing enough food for a growing population,” Jopie said.
Previously, in May, the Dutch multinational banking and financial services company injected $35 million worth of capital to its local subsidiary in the archipelago, with aim of supporting loan expansion.