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Dutch financial and banking co-operative Rabobank is expanding into Peru.

The global leader in food and agriculture financing has gained authorisation to open an office in the San Isidro district of Lima province.

Peru is the fourth Latin American country in which Rabobank has a presence – after expanding into Brazil in 1989, and subsequently Argentina and Chile. It’s estimated that Latin America represents 12% of its current placements.

Rabobank executive board member, Berry Marttin, said he believes the move could help realise the potential for Peru’s fresh produce exports to double or even triple against current figures.

With significant advances in Peru’s agriculture sector in recent years, Rabobank wants to take the opportunity to help further develop the sector. The organisation is committed to contributing to the sustainable feeding of more than 9 billion inhabitants that, according to the United Nations, will populate the planet in 2050 – and recognises Peru’s potential to be a major global food provider.

“Rabobank’s presence in Peru will have a strong impact on the country’s agro-industrial sector. Not least because one of their main objectives is to support the development of agriculture in Peru with the financial resources and business management expertise they offer their clients,” said a spokesperson for law firm Rebaza, Alcázar and De Las Casas, which helped Rabobank secure authorisation to trade in Peru.

Source: The News