Agrobank announced a special Flood Relief Plan for affected customers. This plan offers scheduling and/or financing restructuring (R&R) and a moratorium offer of up to six months as support to help its customers who were affected following the floods that hit last week.
According to Dato’ Tengku Ahmad Badli Shah Raja Hussin, President / CEO of Agrobank, “Our customers are our family and all Agrobank staff sympathize with the fate that befell them because they had to face various challenges due to the flood disaster that hit their respective areas until causing damage to property, livestock and fields and affecting their agricultural activities.”
As a concerned financial development institution (FDI), Agrobank is responsible for ensuring that our customers are protected and assisted. Therefore, as an effort to instill enthusiasm in our customers, this Flood Relief Plan has been specially designed to help them rebuild their businesses, thus giving them space to rearrange their respective business plans,” added Dato’ Tengku Ahmad Badli Shah.
“Apart from the two offers mentioned, Agrobank also provides a charge waiver for the replacement of ATM cards and passbooks that have been destroyed due to floods. For eligible customers, they can apply to get the facilities offered through the form provided on the Agrobank website. In addition, Agrobank will also put this matter as our top priority where we will also contact affected customers to help them face this difficult situation.” He said this after the decision was made during the visit of the Minister of Agriculture and Food Security, YB Mohamad Sabu to the Agrobank headquarters on Tuesday evening.
Commenting on the flood situation affecting the country’s agricultural sector, YB Mohamad Sabu said “I understand the complaints of the agricultural community where their crops, livestock, processing sector and property have been damaged due to the flood disaster. Thus in facing this challenge, the plan drawn up by Agrobank is expected to ease the burden they face and ensure the fate of this agropreneur community is protected. This is to enable the development of their agricultural business to be guaranteed thus increasing the socio-economic sustainability of the agricultural community as well as developing the stability of the country’s food security.