KUALA LUMPUR: Agrobank (Bank Pertanian Malaysia Bhd) has projected a 75% increase in loan disbursements this year, with expected net growth of around ...
Tengku Badl Shah says Agrobank anticipates the growth to continue as it focuses more on SMEs and products related to microfinancing and SMEs involved in national food production.Agrobank has projected a 75% increase in loan disbursements this year, with expected net growth of around RM1.5 billion, driven by its SME segment and the national food security initiatives.
“Together with the Ministry of Agriculture and Food Security, we are crafting a strategy based on the National Agrofood Policy to boost local food production and achieve a higher level of self-sufficiency,” he added. Several food segments still have high import dependency, including ruminant cattle, chicken and poultry, he noted.
“Such national-level policies provide clarity on the expectations and strategic priorities of the government in the delivery of the developmental agenda for both industries.”
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