PUTRAJAYA, Jan 18 (Bernama) -- Kemubu Agricultural Development Authority (KADA) and Agrobank  today celebrated the completion of their cash management project. The ceremony was held in conjunction with monthly assembly of the Ministry of Agriculture and Agro Based Industry (MOA)  at Wisma Tani, Putrajaya.

A symbolic was held with  YB Datuk Md Alwi Che Ahmad, Chairman of KADA  receiving a mock card by Tan Sri Mohamad Zabidi Zainal, Chairman of Agrobank. The event was witnessed by YB Dato' Sri Ahmad Shabery Cheek, Minister of Agriculture and Agro-based Industry, Dato' Wan Mohd Fadzmi Wan Othman, President / CEO of Agrobank and Encik Mohd Ridzuan Ismail, General Manager of KADA.

Last year, KADA and Agrobank has signed a Memorandum of Understanding (MoU) that outlines  three (3) areas of collaborations, cash management solutions through AgroNetBiz, takaful protection and banking agents known as AgroAgent.

According to Tan Sri Mohamad Zabidi Zainal, Agrobank is  honored to be entrusted by KADA to provide banking and financial services to the agency. "Cash management solutions is the latest financial services provided by Agrobank to meet the needs of commercial and corporate banking customers.

The solution is using Agrobank online banking system known as AgroNetBiz. With this solution, Agrobank work with KADA in one transition  payment system using cheque to online payment (e-payment).  We are proud with KADA management for being optimist and visionary in supporting government's efforts to promote online payment system (e-payment), "said Tan Sri Mohamad Zabidi.

According to YB Datuk Md Alwi Che Ahmad,. "The history of collaborations between KADA and Agrobank has  started way before because both agencies shared the same mandate and target groups, which is to develop and growth focus the agricultural community. This collaboration  focus on cash financial management, takaful coverage specifically for KADA members and appointment of agent banking, AgroAgent.

“The collaborations between Agrobank and KADA is focus on strengthening the synergy between two government agencies under the Ministry of Agriculture and Agro-based Industry. It aims to improve operational efficiencies and creates more benefits our the target group, "said Datuk Md Alwi.

Through this collaborations, Agrobank has upgraded the existing system to make it compatible with the SAGA (System Accounting for Government Agencies) to simplify the payment process to suppliers. Among the services covered are including services for bulk payments, salary payments, standing orders, bill payment and zakat distribution and many more.

In addition, under the program “Satu Petani Satu Takaful" 2,459 members of KADA have subscribed the takaful coverage with the minimum package a total of , RM20 per year.

Under the same collaboration, all 13 PPK (National Farmers Organisation) under KADA has been appointed as Agrobank agent banking, AgroAgent. With this appointment, it allows agents to provide basic financial services such as depositing and withdrawing money, paying utility bills and pre-paid card reload to the community in their areas.

About Agrobank

Agrobank is one of Malaysia’s leading banks providing a holistic array of financial services and banking facilities, with focus on agriculture sector. The Bank is a Government-owned Bank under the purview of the Minister of Finance Incorporated. The Bank’s financing of the agricultural sector is driven by a policy set forth by the Ministry of Agriculture and Agro-Based Industry (MOA).

As a DFI (Development Financial Institute) that focus on strengthening the agriculture sector in Malaysia, Agrobank aims to balance its developmental and commercial roles to benefit the agriculture sector. Agrobank provides a comprehensive financing solution for agriculture; that includes upstream activities such as the supply of agricultural production inputs to downstream activities such as processing and selling of agricultural products to consumers.

With more than 46 years of experience, Agrobank is actively shaping the country’s agricultural development across eight regions it operates, via 188 branches; offering products and services in the areas of corporate, commercial and micro financing as well as trade finance, personal financing, electronic banking and deposit & services.

On 1st July 2015, Agrobank has become a full-fledged Islamic bank.

Source : Agrobank

FOR MORE INFORMATION, PLEASE CONTACT:
Name : Ainul Rofidza Ibrahim
Tel :  03-2731 1600 (ext 2624) / 019-2258210 

Name : Syuhada Abdul Rais
Tel : 03-2731 1600 (ext 1651) / 012-672 4732

--BERNAMA