^{Khadijah Iskandar - Covering President / Chief Executive Officer Agrobank​}



KUALA LUMPUR, Oct 26 (Bernama) -- Agrobank today announces that it has approved 9,101 applications for restructuring and rescheduling (R&R) assistance and these comprise applications by its commercial, consumer and micro customers seeking additional financial support to ease their cash flow amid the COVID-19 outbreak.
 
Khadijah Iskandar, Covering President/ Chief Executive Officer of Agrobank said, “Agrobank is committed to provide support for our customers during this challenging time.  For customers who are still facing difficulty in paying their monthly installment, Agrobank continue to provide repayment assistance and accept applications until June 2021. We wish to assure all our customers that any financial assistance taken will not impact their Central Credit Reference Information System (CCRIS) status."
 
Agrobank is encouraging all its customers to come forward to restructure or reschedule their facilities, as a long term solution beyond moratorium exercise. As of today, the Bank has approved all applications for extended moratorium as per announcement made by YAB Prime Minister on the moratorium extension and targeted bank assistance in July.
 
“As Agrobank provides financings across the value chain of agriculture, the assistance is available for individuals, micro, SME and even corporate customers. We encourage our customers to consult our officers on options available or even if they are not sure what to do next,” said Khadijah further.
 
Khadijah also reiterates that in line with our vision of Advancing Agriculture Beyond Banking,  Agrobank has been proactive in engaging customers through a series of engagements such as online business coaching,  webinars, business clinics, forums and others.  The initiatives aim to educate and support customers better in managing their businesses during trying times.
 
Customers who require more information on Agrobank's repayment assistance may call the Contact Centre at 1300 88 2476 or email customer@agrobank.com.my, or call their respective relationship officers or branches, or visit www.agrobank.com.my.
 
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 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.  
 
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: Shahreen Rahim
Section Head of Public Relations
Strategic Communications Department, Agrobank
Tel: 03-2731 1600 (ext 1660) / +6012 943 6217 
Email: shahreen.rahim@agrobank.com.my
 
Name: Rasheffa Rashid
Executive, Public Relations
Strategic Communications Department, Agrobank
Tel: 03-2731 1600 (ext 1650) / +019 272 9907
Email: rasheffa@agrobank.com.my

--BERNAMA