Rural lending specialist Rabobank New Zealand will shift its head office from Wellington to Hamilton to be closer to agribusiness sector.
The bank said it would progressively move its corporate head office to Hamilton, which it said was one of New Zealand's largest and growing agribusiness regions.
Plans are under way to develop a new, purpose-built agri "centre of excellence" in Hamilton's central business district as the new base for the bank's corporate head office roles, together with staff from Rabobank's current Hamilton office, the bank said.
Chief executive Todd Charteris said the move was an opportunity for the company to support its growth strategy as New Zealand's only specialist food and agribusiness bank.
"With our strong network of food and agribusiness connections, several of our regional offices located nearby and the close proximity of other food-producing regions, we believe moving to the Waikato will set us up for a future of growth alongside our clients," he said.