1. Agro-entrepreneur

2. Micro, small and medium-scale entrepreneurs

3. Individuals

Roles and Functions

1. Provides financial and banking services with a focus on the agriculture sector

2. Upgrades and encourages agricultural financing by the commercial banking sector

3. One of the agents for the Government’s development programme

4. The centre of agricultural expertise

5. Provides credit ratings for agriculture

Board Members

As current year (2011)

• Tan Sri Faizah bt. Mohd. Tahir (Chairman)
• Wan Mohd. Fadzmi bin Wan Othman
• Rashidah bt. Mohd. Sies
• Datuk Dr. Saharan bin Haji Anang
• Datuk Johar bin Che Mat
• Ng Chih Kaye
• Md. Hilmi bin Datuk Haji Md. Noor
• Datin Ruzaina bt. Wan Haniff
• Dato' Che Mohd. Hashim bin Abdullah

Management Committee

President/Chief Executive Officer

• Mr. Wan Mohd Fadzmi bin Wan Othman

Chief Financial Services Officer

• Mr. Krishna Kumar

Chief Transformation Management Officer

• Mr. Nik Abdullah Shukri bin Nik Mustapha

Chief Operations Officer

• Mr. Asmuni bin Sudin

Chief Finance Officer

• To be informed

Chief Human Resource Officer

• Mr. Norhisham bin Ahmad

Chief Corporate Services Officer

• Mr. Mohd Azizul bin Azmi

Chief Credit Officer

• Mr. Azizan bin Ahmad

Chief Risk Officer

• Mr. Muslim bin Hussain

History

Agrobank was established in 1969 under the Act of the Parliament of Malaysia

Parliament of Malaysia

The Parliament of Malaysia is the national legislature of Malaysia, based on the Westminster system. The bicameral parliament consists of the House of Representatives and the Senate. The King as the Head of State is the third component of Parliament....

 No. 9/69 on September 1, 1969 as "A development finance institution directly involved in financing the agriculture sector."
It commenced operations on Jan 1st, 1970.

On December 12, 2007, Dewan Rakyat (the Lower House of the Parliament) has approved the proposed Bank Pertanian Malaysia 2007 Bill to incorporate Bank Pertanian with a paid-up capital of RM1 billion to enable it to be competitive with other financial institutions and empower it to help develop agriculture as the third engine of growth under the Ninth Malaysia Plan

Ninth Malaysia Plan

Ninth Malaysian Plan abbreviated as '9MP', is a comprehensive blueprint prepared by the Economic Planning Unit of the Prime Minister's Department and the Finance Ministry of Malaysia with approval by the Cabinet of Malaysia to allocate the national budget from the year 2006 to 2010 to all...

.http://www.bernama.com./bernama/v3/news_business.php?id=302167

The corporatization will enable the bank to offer competitive and comprehensive financial products and venture into new business activities which the bank is currently unable to undertake due to the limitations of the current BPM act. Among the new products and activities will be agriculture, life and general insurance, credit card service, credit guarantee, investment, capital market, internet banking and current account.

On December 19, 2007, Dewan Negara

Dewan Negara

The Dewan Negara is the upper house of the Parliament of Malaysia. The Dewan Negara consists of 70 members, of which 26 are indirectly elected by the states, with two senators for every state in the Federation, and the other 44 being appointed by the Yang di-Pertuan Agong .The Dewan Negara...

 (the Upper House) approved the bill.http://www.bernama.com/bernama/v3/news.php?id=303632

Personal Banking

Savings/deposit

• AgroSavings
• AgroSavings-i (Islamic)
• Fixed Deposit / Investment
• AgroPerdana
• AgroPerdana-i

Loan/financing

• AgroCash (Wawasan Tani)
• AgroCash-i (Bai' Al-Inah)
• Insani Educational Loan
• Hartani-i
• Ar-Rahnu

Other services

• Insurance
• e-Debit
• Real Time Electronic Transfer of Funds and Securities (RENTAS)
• InterBank GIRO (IBG)
• InterBank Fund Transfer (IBFT)
• Letter of Will (ARB) Sale Service
• Collection Agent For Utility Bills
• Collection Agent For Local Authorities
• Collection Agent For Zakat (Tithe) Payments
• Automated Teller Machine (ATM)& MPES
• Mobile Top-Up
• Remittance-Western Union
• SSPN
• PEYATIM

Business Banking

Special Government Fund

• Entrepreneur Loans Fund Agriculture (DPUP)
• Tabung Untuk Makanan (3F-Fund For Food)
• Skim Tanaman Semula Kelapa Sawit (TASKS)
• Skim Belia Tani -i / Skim Belia Niaga

Loan / Micro Financing

• Modal Usahawan 1 Malaysia (MUS1M/MUS1M-i)
• Micro Economy Stimulus Package (Micro ESP-i)

Credit Guarantee Scheme

• Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP)
• Credit Guarantee Corporation Malaysia Berhad (CGC)

Agro Banking

Commercial Fund

• Project Loan
• Pinjaman Modal Kerja Kontrak Tani
• Pinjaman Modal Kerja Niaga Tani
• Special Advanced For Fixed Deposit
• Pemfaktoran (Debt Factoring)

Rebranding

The rebranding of Bank Pertanian Malaysia to Agro Bank was done on 8 April 2008. The move is taken as an initiative to make the bank more competitive by fostering a fresher outlook, and enables it to provide a broader range of services to the market and cater to the whole segment of the agriculture industry.

An external consultant was deployed to carry out the PR and rebranding exercise for Agrobank, penetrate the market and create awareness among the public. This is aligned with the objective of the new rebranding which is to position the bank as a forward looking, modern and progressive enterprise, and at the same time contribute to the growth and sustenance of the agriculture sector in Malaysia.

Special features

One of the main special features of the bank is the low amount of the entry point to start a personal account and enjoy the privilege of an ATM card. With a minimum of RM20.00 or USD8.20(1 USD = RM3.4), a Malaysian can open up an account. For non-citizen of Malaysia, the minimum amount to open up a personal account will be RM50.00 (USD14.70). Adding up another RM8.00 (USD2.35) allows the customer to own an ATM card with Malaysian Electronic Payment System

Malaysian Electronic Payment System

The Malaysian Electronic Payment System, commonly known as MEPS, is the only interbank network service provider in Malaysia.Malaysian Electronic Payment System formerly known as Malaysian Electronic Payment System Sdn Bhd is a payment consortium owned equally by 12 local banks...

(MEPS). This feature caters to the needs of millions, especially medium to lower class citizens and foreign workers in Malaysia.