Bernama Wire Service; April 04, 2008
Bank Pertanian Malaysia (BPM) plans to launch several new products and
services for the farming community, especially those involved in project in the
East Coast Economic Region (ECER), by June.
In a statement Friday, it said the initiatives are part of efforts to bolster its
presence and exposure to the farming community.
“Several new loan products and services are in the pipeline and expected to be
launched in the second quarter to cater to the growing needs of the farming
community,” BPM general manager Martini Osman said.
To further complement these initiatives and provide easy access to credit, Martini
said, BPM is in reviewing the lending policies, delivery system and upgrading of
its ICT system.
She said the review of the bank’s lending policies include relaxing collateral
requirements, especially for facilities extended to small and medium enterprises.
“BPM’s current loan programmes are able to cater to the primary agriculture
activities earmarked under the ECER initiative,” Martini said.
“However, the bank, under its new corporate entity, will be able to broaden our
scope of financing, introduce new loan products and repackage existing facilities
to suit the financing requirements of agriculture development in the ECER states
of Kelantan, Pahang, Terengganu and Mersing in Johor.”