KUALA LUMPUR, Jan 15 (Bernama) -- Agrobank has announced a Flood Relief Assistance programme that is aiming to reduce the financial obligations of its customers affected by the floods.
 
Khadijah Iskandar, Covering President / Chief Executive Officer of Agrobank said the Bank has been keeping abreast with the latest news on the flooding situation at all affected areas nationwide, and will be taking proactive actions in helping its customers to cope with their worsening financial conditions due to the floods.
 
“We are deeply concerned over the difficulties faced by the agro community who have been affected by the situation and understand that they will have other more pressing priorities and financial needs at this time," she said. 

"We hope through the Flood Relief Assistance programme that we are offering in Agrobank will ease any anxieties over financial commitments they have during this difficult period and help them resume their normal routines as soon as possible.”
 
The relief includes restructuring and rescheduling of financing, as well as moratorium on financing repayments for up to six months and would be assessed on a case-to-case basis.
 
Customers who require more information on Agrobank’s Flood Relief Assistance programme 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 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