^{Dato’ Mustapha Buang, Non-Executive Chairman of Agrobank}


KUALA LUMPUR, Nov 17 (Bernama) -- Agrobank today announced the appointment of Dato’ Mustapha Buang as the new Non-Executive Chairman of Agrobank, effective 12 November 2020. The appointment had received approval from Bank Negara Malaysia and the Finance Ministry.

Dato’ Mustapha is currently the Managing Director of Asian PAC Holdings Berhad since January 2001.

Dato’ Mustapha Buang started his career as an Economic Planner with the Johor Economic Development Corporation upon his graduation in 1972.  He then joined the financial industry in 1974 holding senior management position and gathered 16 years of experience in the finance sector.  At present, he holds directorships in several private limited companies, and sits as Committee Member of Board of Trustee and as Trustee/Board in a few non-profit organisations in Malaysia.
 
Dato’ Mustapha, who holds a Bachelor degree in Economics from University Malaya, said he was pleased to join Agrobank during a very important phase to strengthen food security for the nation.
 
“COVID-19 pandemic has further highlighted the importance of food sustainability and the future of our food.  The 12th Malaysia Plan is expected to renew the drive towards promoting agricultural industrialisation and take Malaysia to the next level in ensuring the sustainability of food security and safety.”

“Agrobank is at an exciting place in supporting important government initiatives towards realising our food security agenda.  I look forward to working with the Board and our talented teams in Agrobank to provide better access to finance in our mission to provide full chain of financing to agriculture sector,” he said.

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 1660 (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