KUALA LUMPUR, Feb 11 (Bernama) — Agrobank is rolling out measures to help small and medium-sized businesses in agriculture industry to overcome the impact of coronavirus outbreak on their finances.
This is in response to the financial analysts and rating companies warn of market volatility in the global economy.
Agrobank’s Covering President/ Chief Executive Officer (PCEO) Khadijah Iskandar said “We value our long-term relationships with clients and have always worked closely with them to support their financial needs in different circumstance. We will work with them to review their current situation and identify appropriate arrangements.”
“On top of it, we will be offering temporary relief measures to help our clients. The measures will depend on their business needs and will be determined on a case-by-case basis,” she added.
“We believe these measures will help to relieve some of those pressures from our clients due to the outbreak and to help them get through this difficult time,” she further commented.
Agrobank has maintained a constant dialogue with businesses to understand how the economic headwinds may be affecting their financial situations.
Customers can call the bank’s customer contact centre at 1-300-88-2476 or visit the nearest branch to enquire more information on the assistance available.
Agrobank is a leader in agriculture financing and values-based banking based (VBI)* in Malaysia. Established in 1969, Agrobank is actively involved in charting the growth and development of Malaysia’s agriculture industry by offering shariah compliant products and solutions across various customer segments including corporate, commercial, consumer, trade finance and micro financing customers. Agrobank is a full-fledged Islamic bank since 1st July 2015.
As a market driven, customer-centric DFI (Development Financial Institution) with a primary focus on strengthening the agriculture sector in Malaysia, Agrobank strikes an equal balance to its developmental and commercial roles to benefit the agriculture sector. Agrobank provides a comprehensive repertoire of financing solutions for the agriculture community; that includes upstream activities related to primary food and commodities-based agriculture activities to downstream activities such as processing, marketing and distribution of agricultural products.
Agrobank also offers retail banking financing solutions to improve the well-being of the agriculture community. This is done through its network of 192 customer touch points including 138 branches, 1 agro banking, 1 virtual banking, 10 commercial financing centre, 34 kiosk, 8 agro corners & agro point.
In 2019, Agrobank celebrates its golden jubilee Anniversary, as it marks 50 years of its proud establishment developing the agro industry.
* VBI or value-based intermediation is an initiative by Bank Negara Malaysia (BNM) which aims to improve the products and services offered by Islamic financial institutions towards a better facilitation of entrepreneurship, community well-being, sustainable environment and economic growth, without compromising on shareholders’ returns.
Issued by Strategic Communications Department, Agrobank
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Ainul Rofidza Ibrahim
Head of Strategic Communications Department, Agrobank
Tel: 03-2731 1600 (ext 2624) / +6019-2258210
Name: Shahreen Rahim
Section Head of Public Relations,
Strategic Communications Department, Agrobank
Tel: 03-2731 1600 (ext 1660) / +6012 943 6217