Monday, 11 March 2013

Proactive banking

Post written by R. Cretney.

Some positive news this week from ASB Bank. ASB has just released its first proactive banking scheme that aims to achieve the right balance between productivity and sustainability.

Proactive banking was one of the prototype ideas that arose from Agdialogue. The concept is targeted at farmers who want to invest in reducing their environmental footprint and increasing their sustainability. This is achieved in the ASB scheme by providing a low cost loan that is competitively priced at ASB's cost of funding with no extra customer margins applied.

Mark Heer, ASB General Manager Rural says in the article that "farmers consistently tell us that they are doing their best to ensure that their farms are operating to the highest environmental standards...In offering this new loan, ASB wants to be part of the solution by providing farmers with a low cost funding option to get their farm to where it needs to be".

This is great news for farmers and the environment!

The ASB article can be found here.

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