Boost for agriculture sector
MORE than 100 Agrobank clients converged in Kota Kinabalu, Sabah during the Agenda Agro: Prospects and Opportunities in Agricultural Sector business networking session.
The objective of the event organised by Agrobank was to provide latest updates and information to its customers on the prospects and opportunities available in the agriculture sector.
Attendees were informed and acquainted on government policies and initiatives that have been set up to help develop businesses and enhance socioeconomic status.
Agrobank president and CEO Syed Alwi Mohamed Sultan said the bank is dedicated in assisting “agropreneurs” build their agribased businesses and committed in providing comprehensive financing across micro, SME, commercial and corporate businesses related to agriculture.
“Sabah has good potential in the agriculture sector. As at September this year, it recorded a total financing of RM961.66 million – a year-on-year increase of 16.64%. This is higher than last year’s growth, recorded at 6.51% for the same period of time. It shows that the potential in agriculture is still dynamic,” he said.
At the same event, a certificate of appreciation was presented to an AgroAgent from Pertubuhan Peladang Kawasan (PPK) Kalabakan for being the Top AgroAgent in Sabah.
AgroAgents are appointed by Agrobank. They provide agent banking services such as basic banking transactions aimed to serve the underserved and unserved communities by cutting travel time having to go into big towns to conduct banking transactions. For more information, visit the Agrobank website.