By NUR HAZIQAH A MALEK
Agrobank recorded the highest financing of RM9 billion for the first six months of the year, as the government-owned lender ramped up lending activities for the agriculture and related activities.
Its chairman Tan Sri Mohamad Zabidi Zainal said the achievement for the first half of the year was commendable, taking into account the challenging global market conditions.
“From the total (RM9 billion), RM5.6 billion is for the primary agricultural sector and the remainder RM3.4 billion is for the agro-food segment,” he said this at the Agrobank Agropreneur Awards 2017 presentation ceremony in Kuala Lumpur yesterday.
Agrobank, which is not a fully Islamic lender, was created to provide financing to support the growth of the country’s agriculture sector.
Formerly known as Bank Pertanian Malaysia Bhd, Agrobank’s lending grew 16.9% last year and it expects to grow its lending by 10% this year.