Rabobank Joins Major Lenders Reviewing Commodity Trade Finance
- Dutch bank is analyzing clients currently in its portfolio
- Bank appoints new head of risk within its trade finance unit
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Rabobank Group is reviewing its commodity trade finance business, joining other major lenders in reconsidering their roles in an industry upended by recent trading scandals and the novel coronavirus.
The Dutch bank, best known for financing food and agricultural traders, is analyzing clients in its current portfolio, according to people familiar with the matter, who asked not to be identified because the information is private. While it has no plans to exit the sector, it may choose not to finance some customers when facilities come up for renewal, the people said.