To date, Cosun members have deposited a total of 23 million euros in the member financing program. This involved 15 million euros in the starting year 2015 and another 8 million in 2016.
The savings form is exclusive to members and offers them the opportunity to leave money behind in the cooperative at a more favorable interest rate than at the bank. 'A win-win situation, because for Cosun it is a cheap source of financing', said Dirk de Lugt, chairman of the Board of Directors of Royal Cosun.
Depending on the term, deposits taken out in 2017 are subject to an annual interest rate of 2 to 2,60 percent in the fifth year.
The scheme opens in March each year. Members who want to participate will be given the opportunity to do so with the final settlement of the beets delivered in the 2016/2017 campaign. Subscribing to the member financing must be done before March 17.
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