| Type | Government-linked-Company (GLC) |
|---|---|
| Industry | Banking and Finance Services |
| Founded | 1969 |
| Headquarters | Kuala Lumpur, Malaysia |
| Key people | Tan Sri Faizah bt. Mohd. Tahir(Chairman) Encik Wan Mohd. Fadzmi bin Wan Othman (President/Chief Executive Officer) |
| Products | Banking and Finance |
| Website | http://www.agrobank.com.my |
Contents |
To become a leading bank with focus on the agricultural sector.
The bank will provide financial services holistically according to market demands and customer needs through prudent financial management to:
1. Agro-entrepreneur
2. Micro, small and medium-scale entrepreneurs
3. Individuals
1. Provides financial and banking services with a focus on the agriculture sector
2. Upgrades and encourages agricultural financing by the commercial banking sector
3. One of the agents for the Government’s development programme
4. The centre of agricultural expertise
5. Provides credit ratings for agriculture
As current year (2011)
President/Chief Executive Officer
Chief Financial Services Officer
Chief Transformation Management Officer
Chief Operations Officer
Chief Finance Officer
Chief Human Resource Officer
Chief Corporate Services Officer
Chief Credit Officer
Chief Risk Officer
Agrobank was established in 1969 under the Act of the Parliament of Malaysia No. 9/69 on September 1, 1969 as "A development finance institution directly involved in financing the agriculture sector." It commenced operations on Jan 1st, 1970.
On December 12, 2007, Dewan Rakyat (the Lower House of the Parliament) has approved the proposed Bank Pertanian Malaysia 2007 Bill to incorporate Bank Pertanian with a paid-up capital of RM1 billion to enable it to be competitive with other financial institutions and empower it to help develop agriculture as the third engine of growth under the Ninth Malaysia Plan.[1]
The corporatization will enable the bank to offer competitive and comprehensive financial products and venture into new business activities which the bank is currently unable to undertake due to the limitations of the current BPM act. Among the new products and activities will be agriculture, life and general insurance, credit card service, credit guarantee, investment, capital market, internet banking and current account.
On December 19, 2007, Dewan Negara (the Upper House) approved the bill.[2]
Savings/deposit
Loan/financing
Other services
Special Government Fund
Loan / Micro Financing
Credit Guarantee Scheme
Commercial Fund
The rebranding of Bank Pertanian Malaysia to Agro Bank was done on 8 April 2008. The move is taken as an initiative to make the bank more competitive by fostering a fresher outlook, and enables it to provide a broader range of services to the market and cater to the whole segment of the agriculture industry.
An external consultant was deployed to carry out the PR and rebranding exercise for Agrobank, penetrate the market and create awareness among the public. This is aligned with the objective of the new rebranding which is to position the bank as a forward looking, modern and progressive enterprise, and at the same time contribute to the growth and sustenance of the agriculture sector in Malaysia.
One of the main special features of the bank is the low amount of the entry point to start a personal account and enjoy the privilege of an ATM card. With a minimum of RM20.00 or USD8.20(1 USD = RM3.4), a Malaysian can open up an account. For non-citizen of Malaysia, the minimum amount to open up a personal account will be RM50.00 (USD14.70). Adding up another RM8.00 (USD2.35) allows the customer to own an ATM card with Malaysian Electronic Payment System (MEPS). This feature caters to the needs of millions, especially medium to lower class citizens and foreign workers in Malaysia.
Official webpage: http://www.agrobank.com.my