Agrobank is a continuity of the former Bank Pertanian Malaysia which has

40 years of experience in agricultural banking and an excellent track record in

shaping and developing successful entrepreneurs. With a wide network of
branches throughout Malaysia, we are confident of providing the best services to
all.
Agrobank is a Government-owned Bank under the Minister of Finance
Incorporated (MFI). The banks financing of the agricultural sector is driven by a
policy set forth by the Ministry of Agriculture and Agro-Based Industry (MOA).
Agrobank today operates through 190 branches throughout Malaysia, and
employs over 3,400 employees.
The establishment of Bank Pertanian Malaysia (BPM) in 1969 was in line with the
governments move to carry out irrigation projects to accommodate double
cropping for paddy planting in the states of Kedah and Perlis; known as the Muda
Agricultural Development Authority (MADA) area.
With the establishment of BPM to provide credit assistance to farmers, two
branches were opened; the first in Alor Setar, Kedah in April 1970; and followed
by Kota Bharu in Kelantan. By 1980, BPM emerged as the largest credit services
provider to the rural agriculture sector.The rebranding and corporatisation of
Bank Pertanian Malaysia to Agrobank were established on 8 April 2008. This
initiative was among the ways to highlight Agrobank to be more upfront and
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.

Vision
To be a leading bank with a focus on agriculture
Mission
To provide market and client-driven financial services in a financially sustainable
way with specific target groups such as:
Agropreneurs
Micro, small and medium entrepreneurs
Private individuals
Objectives
To promote Malaysias sound agricultural development;
To co-ordinate and supervise the grant of credit from public funds for agricultural
purposes by the various persons or bodies of persons whether incorporate or
unincorporate;
To provide financing, advances, and other credit facilities for the development of
the agriculture sector and agriculture related business;
To mobilise savings with particular regard to the agricultural sector and in
furtherance of this object to accept savings and time deposits;
To uplift the well-being of the agricultural community; and,
To carry on the general business of a modern and progressive financial services
institution catering for the total financial needs of its customers.

Sources and Uses of Funds

Agrobank (Formerly known as Bank Pertanian Malaysia, BPM) was looking for a
solution that can help to keep track of all of their desktops, laptops as well as the
software licenses. Besides that, the helpdesk unit was also having difficulties in
keeping track of daily IT operations, while reports had to be generated manually.
Outcome:
Agrobank Infrastructure Manager, En. Mahmud decided to implement a Desktop
Management System by inviting 16 Desktop Management Solutions Provider for
a tender exercise. WorldTech managed to secure the project and is currently
assisting Agrobank IT administrators in their daily IT Operations.
DEPOSIT
savings account, current account & more
PERSONAL
personal financing facilitiies
BUSINESS
business financing facilitiies
ELECTRONIC BANKING
Banking in real time, where and when it suits
SERVICES
view more services offered by us

Basic Savings Account-i (Agro BSA-i)

DEPOSITS
Agro BSA-i is a basic savings account that provides various options for financial
management of individuals aged 12 years and over: personal accounts, trust or
joint. This savings account is based on the Yad Dhamanah transactions.
Shariah concept
Based on the concept of Yad Dhamanah
Applicant Eligibility
Open to individual citizens and / or permanent residents in Malaysia.
Account Types
Personal Accounts - For individuals 12 years and over
Trust Account - Open for individuals under 12 years old and managed by the
Trustees aged 18 years and above.
Joint Accounts - Accounts managed by a group of individuals does not exceed
five (5) people aged 18 years and above.
Account opening fee
Fee for Personal account opening / Trust / Mutual is RM20.00
Minimum balance
No less than RM10.00 at all times

Fixed Return Investment Account-i (FRIA-i)

FRIA-i is a fixed return investment account for Customer aged 18 years and
above where the profit rate is made known earlier to the Customer upon
application using the Tawarruq transactions.
Tawarruq is an arrangement that involves a purchase of a commodity or asset
based on deferred payment basis by way of Murabahah (Cost Profit). In this case,
the Customer is purchasing the commodity as the underlying asset from the
Bank. The commodity to be used for the purpose of Tawarruq transaction is
subject to commodity brokers.
Eligibility Critera
Must be 18 years old and above
Open for individual and non-individual.
Type of Profit Payment
Upfront profit will be paid on the effective date of investment after Tawarruq
transaction is made.
Profit on monthly basis, half yearly, annually or maturity date will be paid on the
due date (point to point) investment.
Tenure
1, 3, 6, 9, 12, 15, 18, 24, 36, 48 and 60 months
Minimum Initial Amount
Individual - RM5,000 for tenure of 1 month
Individual - RM1,000 for tenure of 3 months and above
Non individual - RM50,000
Profit Rate Fixed Profit Rate determined upon placement.

PERSONAL
AgroCash-i

AgroCash-i is a personal financing which provides consumer financing especially

for agriculture and agro-based activity. The implementation of the product is
based on the Bai al-Inah transactions.
In these transactions, the seller sells an asset to the buyer on cash basis and
then buys back the asset at a deferred price which is higher than the cash sale
price. It may also be conducted where the seller sells the asset to the buyer at a
deferred price and subsequently buys back the asset on cash basis at a lower
price than the deferred sale price.
In this financing, the Bank will sell the asset (a land owned by a bank or other
asset advised by the Bank) to the customer at a selling price which is to be paid
on a deferred basis.
Financing Limit
Government Servant
Maximum RM200,000
GLC Staff
Maximum 10 times of gross salary and based on maximum financing limit of
RM100,000
Financing Tenure Maximum 10 years
Profit Rates (Subject to qualification and current changes)
Subject
Eligibility Criteria
Profit rate is subjected to customers income and the calculation is based on
monthly reducing method:
Income
Profit Rate
Less than RM 3,000
Antara

BR + 4.72% on monthly rest

RM 3,001 ke RM 5,000
BR + 4.46% on monthly rest
RM 5,001 and above

BR + 4.35% on monthly rest

New and existing customers who did not fulfill the above criteria, the profit rate
is as follows.
The profit rate shall only be applicable to the following conditions:
New and existing customers
Satisfactory track record in CCRIS report which is MIA 2 and below and MIA 2
must not more than 3 times for the past 12 months including the current month
No Special Attention Account record.
No adverse record in CTOS report under Section D and E
Tenure
Profit Rate
Up to 10 years
BR + 5.52% on monthly rest

BUSINESS
Tanaman Semula Kelapa Sawit-i (SAWIT-i)
SAWIT-i is a financing facility for smallholders who are involved in small-scale oil
palm plantation. SAWIT-i is based on the Bai Bithaman Ajil (BBA) transactions.
Financing facility for:
Re-planting; or
Expansion of the Existing Plantation
This product offers financing facility with features as per below. As an example:
Facility Amount
RM 50,000
Facility Tenure
10 years or 120 months
Profit Rate *8.85% p.a. on monthly rest basis
*Note: BFR (6.85%) + 2.0%. BFR is subject to current changes.
Advantages
Attractive financing rates and competitive pricing.
Fast financing approval.
Rapid process disbursement.
Machinery & Equipment Financing-i (MAEF-i)
MAEF-i is a financing facility to finance the purchase of machinery and
equipment used directly or indirectly for production, processing, and marketing
of agricultural and agro-based industries. This product is based on the Bai '
Bithaman Ajil (BBA) and Murabahah transactions.
Bai ' Bithaman Ajil refers to the sale and purchase agreement based on deferred
payment at a certain price. Murabahah refers to the sale and purchase
agreement with exposure cost price and profit margin assets to the buyer.
Target Market
Operators of machinery and equipment
Operators in the production, processing or marketing of agricultural products
Land owners
Farmers
This product offers financing facility with features as follows:
Financing Margin
Type Machinery / Equipment
NEW
Payment Margin
Up to a maximum of 90% of the cost of machinery or equipment
Type Machinery / Equipment
USED
Payment Margin

Up to a maximum of 80% of the cost of machinery or equipment

Note :
1 Refers to machinery and equipment registered and used for the first time or
machinery and equipment that has been restored and is registered in Malaysia
for the first time.
2 Refers to machinery and equipment that has been previously registered and
used in Malaysia. Age of machinery or equipment used must not exceed five (5)
years.
Payment Tenure
A maximum of nine (9) years of age where the number of
machines or equipment and funding period must not exceed nine (9) years
Profit Rate
1.Subject to current changes
2. All the profit rate calculated on a monthly balances during the year.
50 % Margin Financing
New : BFR + 1.0% up BFR + 2.5%
Used : BFR + 2.0% up BFR + 3.5%
Margin Financing > 50%
New : BFR + 1.5% to + 3.0%
Used : BFR + 2.5% + 4.0%
Ceilings Profit Rate (CPR):
BFR + 4% P.A. or 10 % pa , whichever is higher for the calculation of the sales
price.
Effective Profit Rate (EPR):
At the current pace and did not exceed the ceiling profit rate charged and is
calculated on a monthly balance.

ELECTRONIC BANKING
AGRONet (Internet Banking)

With AGRONet, our personal customers can do most of their banking online in
real-time, when and where it suits. That could be at home, at work or anywhere
in the world with internet access.
AGRONet is available from 4.00am until 12.00am daily (including SAT, SUN and
Public Holidays).
Below is an outline of AGRONet easy-to-use retail internet banking services
Checking account balances
Read and download statement details
View your financing details
Transfer money between your own Agrobank account
Transfer money to a 3rd party Agrobank account
Transfer money to other Banks
Pay your bills to the available payee corporations
Make one-off payments or register your favourite payee from the list
Set your transactions limit
Receive notification from the Bank through our built-in message system
Block your ATM card
How much does it costs?
It costs nothing to join and there is no monthly or annual fee. All you will pay are
the transaction fees based on selected transactions. Managing your money
through internet banking is generally cheaper than through manual or branch
transactions. It can also be quicker and more convenient.
AGRONetBIZ (Business Internet Banking)
Business Internet Banking or known as AGRONetBIZ is an online banking service
designed for business or non-individual customers such as company, association,
club, and society or government bodies registered under Malaysian Company
Act. This product is based on the Ujrah transactions.
The company shall have an active business company deposit account(s) with
Agrobank.
AGRONetBIZ allows corporate and commercial customers to conduct financial
transactions on a secure website operated by the bank.
To log-in AGRONetBIZ service, the customer would go to the banks website, and
access the online banking facility using the customer personal username and
password. Once logged-in, the customer can perform various banking transaction
without having to go to the bank.
There are two (2) types of access available for AGRONetBIZ which are:
Inquiry Access For viewing only
Transactional Access FULL access (View, Initiate and Approve banking
transaction)
Below are the service offered by AGRONetBIZ:
Account Inquiry

- Display customer details of Savings Account / Investment / Financing,

Transaction History and AGRONetBIZ Transaction History.
Fund Transfer
- Allow customer to transfer fund from their Agrobank account to another
account as per option below:
i. Transfer to own account and another 3rd party Agrobank account
ii. Interbank Fund Transfer (IBG)
Bill Payment
- Allow customer to pay bills to the available payee corporations and register
their favourite billers for easier payment process in the future.
Authorization
- Allow customer with Approver access to approve or reject any financial related
transaction initiated by Initiator.
Internet Banking Service Management
- Only accessible to the customers appointed as Corporate Administrator.
Corporate Administrator function is to manage their User access (Viewer, Initiator
and Approver).
Profile Management
- Allow customer to manage account profile such as Change Password.
Message Box
- Allow customer to receive notification message sent by the bank.
Note: Any changes to the specified services is subject to the discretion of the
Bank.
For the moment, we are sourcing our finances
internally, either with deposits from Malaysians, as individuals or corporations
and also from the government. There are activities in the economic sector that
the government wants to promote such as the food industries. Now the
government offered us a loan at an interest rate and we agreed to take it. We
targeted businessmen. These are some of our sources of funding, the public
depositors and the government. With regards to how we have adapted to the
regulation that is now in place, the regulation from our Central Bank has been
there for many years. The regulation normally comes through the guidelines
they issue for commercial or development banks to follow. We used to have
meetings and discussions with them to understand that it is a requirement. For
prudent lending, we require some type of regulation to remain within certain
boundaries, so that the lending is safe.
Business Challenge:
Agrobank (Formerly known as Bank Pertanian Malaysia, BPM) was looking for a
solution that can help to keep track of all of their desktops, laptops as well as the
software licenses. Besides that, the helpdesk unit was also having difficulties in
keeping track of daily IT operations, while reports had to be generated manually.
Outcome:
Agrobank Infrastructure Manager, En. Mahmud decided to implement a Desktop
Management System by inviting 16 Desktop Management Solutions Provider for

a tender exercise. WorldTech managed to secure the project and is currently

assisting Agrobank IT administrators in their daily IT Operations.