Agro Bank Malaysia

Agro Bank Malaysia

Agro Bank Malaysia, (formerly Bank Pertanian Malaysia), the Agricultural Bank of Malaysia, is a government-owned bank in Malaysia which main role is to promote the agricultural sector through mobilization of lending facilities and savings in rural areas.


It was established in 1969 under the Act of the Parliament of Malaysia 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. []

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 limitation 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 (the Upper House) approved the bill. []

On 8 April 2008, Bank Pertanian Malaysia changes its new name to Agro Bank.

External links

* [ Official site.]

Wikimedia Foundation. 2010.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • Agro — may refer to:* Aggravation * Aggression * Agriculture * Agro, a computer gaming concept also known as hate * Agro , a football chant popular in the 1970s: A G, A G R, A G R O, Agro! * Agro Bank MalaysiaPeople and characters known as Agro include …   Wikipedia

  • List of banks in Malaysia — Contents 1 Central Bank 2 Retail Banking (Public Banking) 2.1 8 Anchor (Major / Commercial) Bank …   Wikipedia

  • Cabinet of Malaysia — Malaysia This article is part of the series: Politics and government of Malaysia …   Wikipedia

  • Malaysian National Service — Malaysian Armed Forces Components Malaysian Army Royal Malaysian Navy …   Wikipedia

  • Malaysian Electronic Payment System — Industry Finance Founded December, 1996 Headquarters Kuala Lumpur, Malaysia …   Wikipedia

  • Mentakab — For the steamship, see SS Mentakab. Mentakab (Chinese: 文德甲, Tamil: மெந்தகாப்) is a main town in Pahang, Malaysia, originally known as Pasir Rawa. It is close to Temerloh, Lanchang, Kampung Tualang, Kampung Gantok, Mengkarak and Kerdau. Mentakab… …   Wikipedia

  • Changkat Keruing — [[File: Changkat Keruing Street |250px|none|alt=|]] …   Wikipedia

  • Jejak Rasul — is a popular Islamic documentary show in Malaysia. The show is broadcasted on TV3 and always broadcast during the Ramadan fasting month. The show is sponsored by Bank Islam. The show s former sponsors were Agro Bank and Johor Corporation in its… …   Wikipedia

  • Malaysian Agricultural Research and Development Institute — The Malaysian Agricultural Research and Development Institute, (MARDI) (Malay: Institut Penyelidikan dan Kemajuan Pertanian Malaysia) is a government body in Malaysia under Ministry of Agriculture and Agro Based Industry (MOA). Malaysia Agro… …   Wikipedia

  • Zamboanga City — City of Zamboanga Ciudad de Zamboanga   Chartered, Independent and Highly Urbanized City   …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”