KUCHING, SARAWAK, July 9 (Bernama) -- Agrobank today organised another business networking session called “Agenda Agro: Prospect and Opportunities in Agriculture Sector” in Kuching, Sarawak.  The programme was attended by more than 160 guests comprises of Agrobank’s clients and agropreneurs from the state.
 
Agenda Agro is one of Agrobank’s initiatives to share latest updates with agropreneurs on the prospects and information in agriculture sector and agro-based industry.  The business session provides opportunity for the clients to interact with Agrobank’s officers and also to learn more on opportunities in this sector.
 
According to Khadijah Iskandar, covering duties of President / Chief Executive Officer of Agrobank, Agrobank is committed to assist agropreneurs through various initiatives including trainings and capacity building.  In addition to comprehensive financing solutions offered for agri-businesses, the sharing session like Agenda Agro helps to assist agropreneurs to develop strategic plans in expanding their business. 
 
“Sarawak has great potential in agriculture sector. This can be seen in the state’s outstanding achievements whereby as at June 2019, Agrobank has recorded a total financing of RM1,202.38 million for Sarawak state, a year-on-year increase of 9.41%, which is higher than  growth recorded in 2018 for the same period of time,” said Khadijah.
 
She added, “Agenda Agro focuses on topics related to prospect and opportunities in agriculture sector is designed to share the development of the country’s agriculture sector.  The programmed was held to provide opportunities to customers on latest information including Government policy related to the nation agriculture landscape in order in assisting the agriculture community to increase income and socio-economic status of agropreneur.  We are hopeful that initiative like this will create positive impacts on the development of successful entrepreneurs".
 
At the same event, PROKHAS also delivered a presentation on working capital guarantee scheme (WCGS) by Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP). WCGS was established to assist SME in all sectors to gain access to financing from participating Financial Institutions (including Agrobank).
 
At the event, several presentations were also held:

Sarawak was the second location of Agenda Agro for this year.  In addition to Sarawak, the next Agenda Agro session will also be held in Melaka on October 2019.
 
About Agrobank
 
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 1^st 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.
 
www.agrobank.com.my

* 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
 
Source: Agrobank

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Ainul Rofidza Ibrahim
Tel: 03-2731 1600 (ext 2624) / 019-2258210
Email: ainul.ibrahim@agrobank.com.my
 
Name: Syarifah Syameen Syed Johari
Tel: 03-2731 1600 (ext 1652) / 012-3101766
Email: syameen@agrobank.com.my
 
--BERNAMA