Scribd Logo
Upload

Welcome to Scribd!

  • 755 views

    AGROBANK

    Uploaded by

    Yiin Yng
    Agrobank provides various loan and financing options to support agriculture, small businesses, and individuals. It offers both government-funded and commercial loans ranging from RM10,000 to RM10 million. Loan categories include agrobanking, business banking, and personal banking. Applicants must submit documents like financial statements, tax returns, and project proposals, and loans are approved by committees. The application process involves multiple steps like registering projects, undergoing evaluations, and completing documentation before disbursement if approved.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd

    AGROBANK

    Uploaded by

    Yiin Yng
    755 views4 pages
    Agrobank provides various loan and financing options to support agriculture, small businesses, and individuals. It offers both government-funded and commercial loans ranging from RM10,000 to RM10 million. Loan categories include agrobanking, business banking, and personal banking. Applicants must submit documents like financial statements, tax returns, and project proposals, and loans are approved by committees. The application process involves multiple steps like registering projects, undergoing evaluations, and completing documentation before disbursement if approved.

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Agrobank provides various loan and financing options to support agriculture, small businesses, and individuals. It offers both government-funded and commercial loans ranging from RM10,000 to RM10 million. Loan categories include agrobanking, business banking, and personal banking. Applicants must submit documents like financial statements, tax returns, and project proposals, and loans are approved by committees. The application process involves multiple steps like registering projects, undergoing evaluations, and completing documentation before disbursement if approved.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    755 views4 pages

    AGROBANK

    Uploaded by

    Yiin Yng
    Agrobank provides various loan and financing options to support agriculture, small businesses, and individuals. It offers both government-funded and commercial loans ranging from RM10,000 to RM10 million. Loan categories include agrobanking, business banking, and personal banking. Applicants must submit documents like financial statements, tax returns, and project proposals, and loans are approved by committees. The application process involves multiple steps like registering projects, undergoing evaluations, and completing documentation before disbursement if approved.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    AGROBANK

    The beauty of evolution spurs our growth


    1.0 BACKGROUND Agrobank is the result of corporatization of Bank Pertanian Malaysia Berhad (BPM) to a commercial position in the market on 1st April 2008 under the Companies Act 1965. BPM was established on 1st September 1969 under the Malaysian Agricultural Bank Parliamentary Act Bill .9/69 and began operating as a statutory body since 1970. This corporatization had opened the windows of opportunity for the bank to contribute towards the national economic growth by providing wider loans/financing scope to potential customer. The bank provides loans/financing to agriculture and non-agriculture based entrepreneurs. Vision Our vision is to be the Bank that leads the banking field with a focus on the agriculture sector. Mission The Bank shall provide comprehensive financial services in accordance with the needs of the market and its customers through sustainable finance to specific targeted groups, such as: Agricultural entrepreneurs Micro, small and medium entrepreneurs Individual persons Objectives a) To advocate sound agricultural development in Malaysia; b) To coordinate and supervise the granting of credits from public funds for agricultural purposes; c) To provide loan, advances and credit facilities for agricultural development and agricultural based businesses; d) The maintenance of the deposits, predominantly in the agriculture sector and to this end, the acceptance of savings and time deposits; e) To enhance the well-being of the agricultural community; f) In continuance of a modern and progressive banking services to fulfill the financial needs of its customers.

    2.0 FUNDINGS Agrobank provides various types of loans/funds to customers through conventional or Islamic financial. The loans/funds that are given out range from RM10,000.00 to RM10 million. To serve each and every segmented client groups best, the Bank introduce the services concept that will match their solution for financial needs. The loan facilities are agrobanking, business banking and personal banking. Under these loan facilities, there are Special Government Fund, Commercial funds, Loan/ Mircro Financing and Credit Guarantee Schemes. The Credit Guarantee Schemes will not be covered in this report as it is not available in 2010. Special Government Funds are funds channeled form the government while Commercial Funds will be using the Bankss dana. The following table shows the types of credit facilities that the bank offers and its categories.

    AGRO-BANKING
    Special Government Fund - Paddy Credit Scheme -Food Production Credit Scheme -Bumiputera Traders & Industrial Community -Small & Medium Industry/ SME Enterprise -Commercial Agriculture Entrepreneur Schemes -Fishing Boats Financing Schemes -Non-Food Agriculture Development Scheme -Fund for Food (3F) Commercial Fund -Project Loan -Agricultural Contract -Agropreneur Capital Loan -Special Advance For Fixed Deposit

    BUSINESS BANKING
    Special Government Fund -Bumiputera Traders & Industrial Community -Small & Medium Industry/ SME Enterprise

    PERSONAL BANKING
    Loan/Financing -Agro Cash-i -AgroCash (Wawasan Tani) -Insan -Harta-i -Ar-Rahnu

    Loan/Micro Financing -Agropreneur Capital -Micro Economy Stimulus Package

    -Debt Factoring CORPORATIONS BOARD OF DIRECTOR'S RESOLUTION AUDITED FINANCIAL STATEMENTS FOR 3 YEARS BANK ACCOUNT STATEMENT FOR 3 MONTHS INCOME TAX RETURNS FOR 3 YEARS MEMORANDUM AND ARTICLES OF ASSOCIATION BOARD OF DIRECTOR'S DETAILS PROJECT PROPOSAL DOCUMENTS RELATED TO PROJECT;LICENSE,PER MITS ETC COPY OF OWNERSHIP OF LAND GRANTS BUSINESS ENTERPRISE BUSINESS REGISTRATION AUDITED FINANCIAL STATEMENTS FOR 3 YEARS BANK ACCOUNT STATEMENT FOR 3 MONTHS INCOME TAX RETURNS FOR 3 YEARS COPY OF MYCARD PROJECT PROPOSAL DOCUMENTS RELATED TO PROJECT; LICENSE,PERMITS ETC COPY OF OWNERSHIP OF LAND GRANTS INDIVIDUALS COPY OF MYCARD BANK ACCOUNT STATEMENT FOR 3 MONTHS INCOME TAX RETURNS FOR 3 YEARS PROJECT PROPOSAL DOCUMENTS RELATED TO PROJECT; LICENSE,PERMITS ETC COPY OF OWNERSHIP OF LAND GRANTS

    The general requirements are as summarized in the table below:

    The procedures for loan application is as summarized below:


    AGRO BANK GLC PROJECT MOA INC PROJECTS APPLICATION TO LEAD AGENCY DECISION BY MOA INC AT HQ MOYS PROJECTS REGISTRATI ON WITH MOYS MOYS PSYCHOLOG Y TEST ATTEND COURSE

    ENQUIRY BRANCH / HQ

    MOF LOAN FINANCE DIV

    APPLICATION BRANCH / HQ

    LOAN PROCESSING

    PROCESS APPLICATION

    MOF LOAN EVALUATION

    REGISTER PROJECT AT MOA INC APPLICATION

    DECISION BY COMMITTEE

    RECOMMEND MINISTER OF FINANCE DECISION

    FILL UP AGROBANK FORM PROCESSING

    LETTER OF OFFER/REJECT ACCEPT / REJECT

    PROCESSING

    LETTER OF OFFER/REJECT

    DECISION BY COMITTEE

    DECISION BY COMMITTEE

    DOCUMENTATION DISBURSEMENT

    DOCUMENTATI ON DISBURSEMEN T

    LETTER OF OFFER/REJECT

    LETTER OF OFFER/REJEC T

    You might also like