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AgriBank CEO Bill York Participates in Panel Discussion
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Bill York, CEO of St. Paul-based AgriBank, participated in a seven-member panel discussion at the International Summit of Cooperatives in Quebec City, Quebec, Canada. More than 3,000 attendees from 93 countries attended the Summit to discuss global issues facing cooperatives.

 

Source: AgriBank Communications

Contact: Megan Fairchild Anderson, Megan.FairchildAnderson@AgriBank.com

 

AgriBank CEO Bill York Participates in Panel Discussion at International Summit of Cooperatives


Bill York, CEO of St. Paul-based AgriBank, participated in a seven-member panel discussion at the International Summit of Cooperatives in Quebec City, Quebec, Canada. More than 3,000 attendees from 93 countries attended the Summit to discuss global issues facing cooperatives.
 
The panel discussion, titled, “Financing: Between New Regulations and Market Turmoil,” addressed the capital and financing solutions cooperatives are embracing to ensure their survival and development amidst competitive, economic and regulatory challenges. York provided an overview of AgriBank’s federated cooperative structure and initiatives to bolster its financial and capital position, including the issuance of $250 million of preferred stock in 2013.
 
“Fulfilling our mission to provide a reliable source of credit to farmers and ranchers and other eligible borrowers depends on our ability to remain on solid financial footing and have continued access to capital,” York said. “The International Summit provided a valuable opportunity for cooperative leaders from around the world to exchange experiences with promising financing and capitalization solutions.”
 
David Scanlon with Bloomberg News, Canada moderated the panel. In addition to York, other panelists included Rym Ayadi, professor and director of the Centre d'études Desjardins, HEC Montréal, Canada; Réal Bellemare, senior vice-president, Operations and Performance, Desjardins Group, Canada; Bertrand Bluzat, partner, Ernst & Young, France; Hilmar Gernet, member of the board, director Politics & Society, Raiffeisen, Switzerland; Wolfgang Kirsch, CEO and chairman of the board of managing directors, DZ BANK AG, Germany; Nicolas Théry, CEO CIC Est, France; and Lawrence Schembri, deputy governor, Bank of Canada, Canada.