Rabobank foresees little fipronil damage

Rabobank's results are not affected by the fipronil affair. This is what Wiebe Draijer, CEO of Rabobank, said on Thursday morning, 17 August, on BNR Nieuwsradio.

About 80% of the barely 1.000 laying hen companies are financed by Rabobank. According to Draijer, the affected companies are helped by their lender by providing liquidity support. "A large number of poultry companies have been affected by the fipronil affair, but the number of companies that have actually run into problems, or that will get into trouble, is very limited," says Draijer.

Little damage for Rabobank
Draijer does not dare to predict how great the damage will be to the poultry sector. The damage to Rabobank will not be great, however, because many poultry companies have financial buffers in reserve.

Draijer also said that Rabobank is doing everything it can to resolve the affair as quickly as possible, so that the reputation of the Dutch egg does not suffer permanent damage. This requires rapid clarity from the government.

Wouter Job

Wouter Baan is editor-in-chief of Boerenbusiness. He also focuses on dairy, pig and meat markets. He also follows (business) developments within agribusiness and interviews CEOs and policymakers.

w.baan@boerenbusiness. Nl

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