SDB bank and Rabobank join forces to enhance Agribusiness, SMEs and Value Chain Financing in Sri Lanka

Tuesday, 16 July 2024 00:02 - - {{hitsCtrl.values.hits}}

SDB bank officials with the representatives of Rabobank, Netherlands

SDB and Rabobank teams during field visits

SDB bank is proud to announce a strategic partnership with Rabobank, a renowned Dutch financial institution, to elevate the Sri Lankan agribusiness sector by empowering the cooperative sector and SMEs. This collaboration aims to build an efficient and productive financing model, focusing on social and environmental sustainability, leveraging digital solutions, climate-smart agriculture, value chain development, and potential partnerships to uplift small and medium businesses and agricultural activities.

Rabobank, headquartered in Utrecht, Netherlands, is the second-largest bank in the Netherlands in terms of total assets. With a primary international focus on food and agribusiness, Rabobank is celebrated for its expertise in aligning stakeholders in the agribusiness ecosystem to achieve comprehensive, sustainable sector growth. Through its networks, knowledge, finance, and innovation, Rabobank connects parties in the food ecosystem to address key challenges such as financial inclusion, rural development, and sustainable food security, with partnerships playing a central role in this process.

Despite its historically agriculture-based economy, Sri Lanka has yet to fully unleash its massive untapped potential in food and agribusiness markets. As a premier development bank in the country, SDB bank has played a pivotal role in unlocking the potential of local food and agribusiness markets through SME development and engagement with small and medium-scale farmers, supply chain, and market stakeholders.

The partnership between SDB bank and Rabobank will leverage Rabobank’s expertise in networks, digital solutions, impact finance, rural development investment, SME development, and agricultural development to guide SDB bank in navigating the complex strata of the agribusiness sector in Sri Lanka. This collaboration is expected to drive sustainable growth, enhance financial inclusion, and foster innovation in the Sri Lankan agribusiness sector.

This strategic partnership between SDB bank and Rabobank represents a significant step towards transforming Sri Lanka’s agribusiness sector. By combining local expertise with global best practices, the collaboration aims to foster sustainable growth, enhance financial inclusion, and drive innovation, ultimately contributing to the overall economic development of Sri Lanka.

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