Sunday, September 30, 2012

Agrobank Undertakes Transformation Programme

Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=698475

Published: September 30, 2012

LANGKAWI, Sept 29 (Bernama) -- Agrobank is undertaking a transformation programme to upgrade its ability to become a development agent in the country's agriculture sector.

In this light, the bank will carry out full-scale Islamic banking operations by 2015 and its products would be based on syariah principals, said its Chief Executive Wan Mohd Fadzmi Wan Othman.

He said the transformation would include the provision of an efficient delivery system with the establishment of a business centre, new products, services and product rebranding.

"Steps taken include the use of the state-of-the-art technology and Internet banking which was launched on July 7," he said at the opening of the Langkawi Agrobank branch by Deputy Agriculture and Agro-based Industry Minister Datuk Mohd Johari Baharom.

Some of the new products introduced by the bank include 'Paddy-i', Paddy CAsh-i and Basic Saving Account-i (BSA-i).

He said Contract Financing-i and Machinery and Equipment Financing-i would be launched soon in line with the bank's aspiration to conduct Islamic banking by 2015.

-- BERNAMA

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