Agrobank Products and Services for a Stronger Malaysia

Agrobank offers a range of products and services to support the growth and development of Malaysia's agricultural sector.

Their Islamic banking services provide customers with a halal alternative to traditional banking.

Agrobank's financial solutions cater to the needs of farmers, plantations, and other agricultural businesses.

Their services include financing for crop and livestock production, as well as equipment and machinery purchases.

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Agrobank offers a range of bank services that cater to the financial needs of its customers.

With over 100 branches across the country, Agrobank provides easy access to its services. Their extensive network ensures that customers can bank conveniently, regardless of their location.

Agrobank's online banking platform allows customers to manage their accounts, pay bills, and transfer funds from the comfort of their own homes. This digital banking service is available 24/7, making it a convenient option for those with busy schedules.

Agrobank's mobile banking app is another digital service that enables customers to access their accounts on-the-go. The app is user-friendly and allows customers to perform various transactions, such as fund transfers and bill payments.

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Agrobank's customer service team is available to assist customers with any queries or concerns they may have about their bank services. With multiple channels of communication, including phone, email, and online chat, customers can easily get in touch with the bank.

Agrobank's ATM network is extensive, with over 400 ATMs located across the country. This ensures that customers can withdraw cash or perform other banking transactions at their convenience.

Agrobank's Islamic banking services are designed to cater to the needs of customers who prefer to bank in accordance with Islamic principles. These services include Shariah-compliant deposit accounts and financing options.

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Agrobank was established in 1969 with the goal of providing comprehensive financial services specifically for the agricultural sector in Malaysia.

The bank's mission is to support and empower the agricultural sector through its services. As a Development Financial Institution (DFI) focused on agriculture, Agrobank aims to balance its role in both development and commercial aspects of agriculture.

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With over 46 years of experience, Agrobank has actively supported the country's agricultural development by operating in eight (8) regions through 188 bank branches.

Agrobank offers a wide range of products and services, including corporate, commercial, and micro financing, trade financing, personal financing, electronic banking, and deposit services.

On July 1, 2015, Agrobank officially transitioned to a fully Islamic banking system.

Agrobank plays a crucial role in the agricultural sector, and its functions include:

Some of the products and services offered by Agrobank include:

These are just a few examples of the many products and services available at Agrobank.

Agrobank offers a wide range of products and services to cater to the needs of its customers.

The bank provides various types of savings accounts, including Akaun Simpanan Asas-i (Agro BSA-i), AgroMuda-i, AgroTani-i, and Agro Perdana-i Wadiah Yad Dhamanah.

Additionally, Agrobank offers investment products such as Fixed Return investment Account-i (FRIA-i) and FRIA-i 45Plus.

The bank also provides financing options for agriculture and business, including the Credit Limit Enhancement Program (CLEP), Program Agropreneur Muda (PAM), and Group Financing Program (GFP).

Here is a summary of some of the key products and services offered by Agrobank:

FarmByte has partnered with Agrobank to empower smallholder farmers in Malaysia, providing crucial financial support and market access.

This strategic alliance aims to strengthen Malaysia's food security by leveraging advanced technology to enhance farming practices. FarmByte will provide real-time data on crop demand, supply trends, and pricing forecasts to farmers.

FarmByte will focus on key crops such as long brinjals, mini brinjals, bitter gourd palee, chilli akata, chilli kulai, and okra, with pilot projects set to launch in Johor before expanding nationwide.

The partnership will see Agrobank allocate close to RM12 million in funding to support FarmByte's contract farming programs. This financial backing will significantly improve yield outcomes and market stability for smallholder farmers.

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FarmByte's goal is to empower farmers to produce higher quality, higher value crops, ensuring a more sustainable and profitable agrofood value chain.

A guaranteed offtake arrangement will provide farmers with a secure and stable market, reducing financial risks associated with farming. FarmByte commits to purchasing all harvested crops from participating farmers.

This collaboration represents a critical step towards building a more resilient agricultural sector in Malaysia.

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Agrobank offers a wide range of products and services to cater to the needs of farmers and the agricultural sector. Here are some of the key offerings:

The AgroBSA-i is a savings account specifically designed for farmers, providing them with a secure and convenient way to manage their finances. It's a great option for those who want to save and earn interest on their deposits.

AgroMuda-i and AgroTani-i are two other savings accounts offered by Agrobank, designed for young entrepreneurs and farmers respectively. These accounts come with competitive interest rates and are perfect for those who want to start saving early.

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For those looking to invest in agriculture, Agro Perdana-i Wadiah Yad Dhamanah is a great option. This investment account offers a fixed return and is ideal for those who want to grow their wealth over time.

If you're looking for a loan to fund your agricultural business, AgroCash-i is a viable option. This loan provides farmers with quick and easy access to funds, helping them to overcome financial challenges.

Other notable products and services offered by Agrobank include Hartani-i (Tawarruq), a financing option for farmers to purchase goods and services; Ar Rahnu, a pawnbroking service that allows farmers to borrow money against their assets; and Machinery & Equipment Financing-i (MAEF-i), a loan specifically designed for farmers to purchase machinery and equipment.

Here are some of the key features of Agrobank's products and services:

These products and services are designed to help farmers and the agricultural sector grow and thrive. Whether you're looking to save, invest, or borrow, Agrobank has a solution for you.

Agrobank's Rating and Reviews are a testament to its commitment to customer satisfaction.

The bank has a 4-star rating on social media, with customers praising its friendly customer service and convenient online banking system.

Its online banking system is user-friendly and accessible, making it easy for customers to manage their accounts and perform transactions.

Customers have also praised Agrobank's loan products, citing competitive interest rates and flexible repayment terms.

However, some customers have expressed frustration with the bank's limited branch network in rural areas.

Despite this, Agrobank's customer service team is available 24/7 to assist with any queries or concerns.

Overall, Agrobank's rating and reviews suggest that it is a reliable and customer-centric bank.

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