Agribank and the Namibia Development Corporation (NDC) have signed a one year Memorandum of Understanding (MOU) on Wednesday, 2 August 2017. In terms of the MOU, Agribank will finance the purchasing of female breeding livestock by farmers in the Northern Communal Areas (NCA) from the NDC’s Kavango Cattle Ranch (KCR).
To ensure wider benefit to farmers, the MOU provides that the number of cattle to be financed through this financing agreement will be limited to 15 head of cattle per client. The purchase price of the cattle shall be either 80% (eighty percent) of the market value as per weight class, which value is based on the prices obtained at the Grootfontein auction in the immediately preceding month, or a fixed rate of N$20 per kilogram, whichever is the higher.
Financing will be subject to Agribank’s credit policy and upon approval final livestock selection will be done between NDC and the client. The ownership of the chosen livestock will pass on to the client and the animals will be released into the custody of the client. NDC will then issue the final invoice to Agribank for payment. Such payment will be made directly to the NDC.
Speaking at the signing ceremony, Agribank Chief Executive Officer, Sakaria Nghikembua, noted that the MOU is just one of many initiatives that the Bank has taken to widen the access of communal farmers to financing.
“As the Agricultural bank, we have a duty to ensure inclusivity so that we can make a bigger developmental impact in our country. Extending financing to farmers in the NCA will no doubt improve their production output as food security at a household level is one of the expected outcomes of the socio-economic development pillar of our strategic plan.
It is therefore imperative that we develop ways and means to cater for this distinct segment of our market”, Nghikembua noted.
The Acting Managing Director of NDC, Pieter de Wet, echoed Nghikembua’s sentiments and reiterated that as development partners accountable to the same sole shareholder, this effort of leveraging synergies could not have come at a more opportune time when excellence is expected to take centre stage in agricultural production.
The NDC’s Kavango Cattle Ranch is located just above the Veterinary Line, with corridor status, and has been operating for more than 20 years focusing on beef production. “It is therefore only prudent that NDC participates in initiatives aimed at supporting communities in its areas of operation. Given the quality of animals produced at KCR, we are confident that sharing our top breeds with farmers in the NCA will go a long way in infusing quality genetic material in the northern regions”, de Wet stated.
According to him, the partnership between Agribank and NDC gives real meaning to the empowerment of people at grass-roots level and that hitherto excluded sectors of the community will now be afforded an opportunity not only to enjoy ease of access to funding at affordable rates but also to acquire quality breeding stock for improved agricultural output.
Agribank is focussed on catalysing the transformation
of agriculture in Namibia. The Bank plans to do this through inclusive lending
where renewed emphasis is placed on emerging and communal farmers as well as
improving service delivery efficiencies with specific focus on loan process
timelines. This was revealed by Sakaria Nghikembua, the Chief Executive Officer
of the bank, at its first ever stakeholder engagement dinner held in Rundu on Thursday,
22 June 2017.
Nghikembua further listed value addition
financing that will support economic growth and employment creation as key
milestones towards transforming the agricultural sector. Agribank furtherplans to enhance agricultural output through
training and mentorship programmes and has therefore established its own
specialised Agri-Advisory Services Division within the bank from 1 April this
this year. Nghikembua made the remarks during the dinner where the bank shared
its strategy and focus areas with key stakeholders while receiving feedback
through mutual interactions.
At the event, Agribank’s Board Chairperson,
Terttu Uyuni, stated that at the heart of Agribank’s strategy are the key
pillars of customer focus, financial sustainability and socio-economic
transformation, amongst others. The Agribank Chairperson explained that the
bank is focusing on customers because “we need to understand their needs, the
challenges they face as well as the opportunities available to them. Financial
sustainability requires us to grow our loan book, manage our expenses prudently
and ensure timely loan repayments to the bank.” She reiterated that the Board
and Management have a duty “to manage the bank in a sustainable and inclusive
manner so that we can make a wider developmental impact in our country.”
According to her, the socio-economic
development pillar of the bank’s strategy asserts the principle that, as a
national development financing institution, Agribank needs to be inclusive,
adding “It is critical that we devise appropriate strategies to reach out to
communal farmers, who have previously benefited only in a limited way from our
loan products and support services. The recent launch of the no-collateral loan
product for salaried employees supports this strategic aspiration.”
Uuyuni also
amplified the statement by Nghikembua on the bank’s catalytic role in the
transformation of agriculture by providing innovative and affordable financing
solutions to Namibians so that they can produce for more for themselves and the
country; as well as earn foreign currency for the country through exports. “By
taking advantage of our agro-processing financing, our citizens will not only
be able to add value and grow the economy, but they will also provide jobs,
secure livelihoods, eliminate poverty, restore people’s dignity and create
prosperity for all Namibians”, she stated.
The Agribank
chairperson further noted that for long, Agribank focused on funding primary
production activities. With Government’s emphasis now on value addition and
growth-at-home, the bank has realigned its strategy to ensure that it also
plays its part in the financing of value addition activities in the
agricultural space.
“It is against this background that the Board
approved the agro processing loan product which will add value to basic
agricultural produce, create employment and help expand production in support
of economic growth. The bank therefore invites clients with bankable ideas to
talk to us, so that we can guide them through the necessary processes to
realise their dreams of agricultural value-addition.”
At the occasion, the Governor of Kavango East
Region, Honourable Dr Samuel Mbambo, who was the guest of honour, pledged his
support towards the full implementation of Agribank’s strategic plan so that it
can deliver on its mandate to ensure that there is a bigger developmental
impact in the country.
Dr Mbambo challenged small scale, as well as
commercial, producers in his region and beyond, to step up their game and set
up factories to manufacture Namibia’s own tomato sauce and process other
produce into value-added products.
“As a country, we are currently importing
these most basic products, but if we organise ourselves and take advantage of
this facility by Agribank, we should be able to penetrate this market and make
a dent in our quest for food security and economic diversification,” the
Governor concluded.
The Agribank stakeholders’ dinner was
attended by both Governors of the Kavango East and Kavango West Regions, the
Mayors of Rundu and Nkurenkuru as well as senior government officials and key
clients of Agribank in the two regions.
END
Issued by:
Sakaria Nghikembua
Chief
Executive Officer
For enquiries, kindly contact the Marketing
and Communication Division at:
Tel.: 061 2074332
Fax: 061 2074206
Agribank chief executive officer, Sakaria
Nghikembua, has assured the Namibia National Farmers Union (NNFU) that the bank
is ready to listen to individual clients who are prepared to engage it in order
to make arrangements to repay their debts. Nghikembua stated that the bank has
always been ready and continues to listen to numerous clients who visit
Agribank on a daily basis to discuss their challenges with a view to enter into
credible, fair and practical arrangements to settle their outstanding arrears.
“Every client has a unique situation and we cannot, as a bank, discuss
individual clients’ situations in a group. We are glad that a number of our
clients have already visited our offices or those of our appointed debt
collectors, in this regard. We have a responsibility to ensure that the bank is
financially sustainable and the debt collections initiative is just but one initiative
that the bank is implementing in pursuit of the financial sustainability
objective.”
The
Agribank chief made the remarks at a
stakeholder engagement session with NNFU, which represents communal farmers
throughout the country. The objective of the
engagement session was, amongst others, to share the key milestones achieved by
the bank over the past nine months, highlights of the Bank’s 5-year strategy
and its focus for the future.
At the occasion, NNFU Board member and Councillor of the Aminuis Constituency,
Peter Kazongominja, expressed satisfaction with the information presented at
the session, which contextualizes the bank’s strategy and the rationale for the
arrears collection initiative. According to him, many farmers are battling with
the effects of the recent drought and low livestock levels. As a result, some farmers adopted an
antagonistic attitude towards the bank but he assured the Agribank team that
NNFU will continue to spread the message to its members. “I can assure you that
my message to our members will be to urge them to visit Agribank offices as
individual clients to make suitable arrangements since clients are individually
liable to settle their outstanding debts,” he stated.
On his part, NNFU Executive Director, Mwilima Mushokabanji, reiterated
that lack of information by communal farmers sometimes lead to anger and
frustrationfrustrations, but that once the relevant information is shared, the
farmers understand and appreciate the context of decisions affecting them.
Mushokabanji invited the bank to attend its annual congresses as well as
regional farmers' information days to share information about its operations and
activities. He further applauded Agribank for introducing the no collateral
loan product for communal farmers, stating that it is long overdue and a huge
boost for communal farmers in the country.
NNFU was represented by its Executive Director, Executive Board Members
Sirkka Iileka and Kazongominja as well as Beata Xulu, the NNFU’s Program
Manager.
View Doc
Agribank has launched a revolutionary “No Collateral Loan Product” in Oshakati on Friday, 28 April
2017. The no collateral loan product is in line with the Bank’s strategic plan; and responds to the need
to be inclusive of all farmers country-wide, especially those in communal areas who do not have
access to conventional collateral. The product therefore reaches out to communal farmers in a
tangible and measurable way.
The product is targeted at salaried communal farmers who genuinely do not have fixed property in a
proclaimed urban environment. Speaking at the launch, Michael Iyambo, the Vice Chairperson of
Agribank’s Board of Directors, explained that Agribank continues to provide financing for agricultural
purposes against mortgage collateral and/or fixed term investments. However, this “excludes the
communal farmer who might actually also have the ability to repay his or her loan, but lacks
convention collateral.”
“As a Bank, we decided to address this gap whilst reasonably mitigating our lending risks. Instead of
paying once-a-year, the client will repay the Bank monthly. This makes it easier for clients to pay as
they are now paying smaller amounts more frequently rather than paying a bigger amount once a
year”, Iyambo explained. He also noted that instead of paying via bank debit orders, Agribank will
deduct via payroll to enhance the collections success rate. Credit life insurance has been added to
the product to ensure that the Bank gets paid in the event a client passes on whilst still owing on the
loan. This way, too, the client’s family have peace of mind as the Bank will not claim anything against
the deceased client’s estate.
Iyambo further revealed that Agribank decided to support the funding of agro-processing industries in
order to add value to basic agricultural produce, create employment and expand production in support
of economic growth. Agro-processing, which is a form of secondary production, means at a basic
level that meat can be processed into other products; beans can be processed and tinned; milk can
be turned into butter and produced on a bigger scale; maize and mahangu grains can be milled and
processed into flour, and so on. Iyambo further noted that “value-addition will help uplift the
contribution of agriculture to our country’s gross domestic product, which has been dwindling over the
past 10 years.” He therefore invited prospective clients with good business plans in agro-processing
to submit such plans to Agribank for consideration.
At the same occasion, Agribank Chief Executive Officer, Sakaria Nghikembua, stated that it is
strategically imperative for Agribank to be inclusive and reach out to communal farmers as this
increases food production at the household level; contributes to household-level food security; sets
the stage for graduation into commercial farming, and contributes to GDP and economic
transformation, while also furthering the Bank’s mandate.
Nghikembua went on to explain that no-collateral loans would range between N$5,000 and
N$500,000 and can be used to purchase seasonal inputs, livestock, agricultural machinery; as well as
finance water and power infrastructure for farming, fencing materials, tractors and other farm vehicles,
amongst other things.
The loan is repayable over a period of 12 to 54 months, with the key qualification requirement being
that the borrower’s employer must sign a payroll deduction agreement with Agribank before their
employees can qualify for consideration. Disbursements are made directly to the suppliers of goods
and services. The Agribank CEO stated that the no-collateral loan product is a step towards the
Bank’s strategic objectives of catalysing transformation of the agricultural sector in Namibia.
Nghikembua concluded by reiterating that Agribank is committed and ready to play its role in the
economy.
Issued by:
Sakaria Nghikembua
Chief Executive Officer
For enquiries, kindly contact the Marketing and Communication Division at:
Tel.: 061 2074332
Fax: 061 2074206
Agribank lifts moratorium on taking over of agricultural debts from commercial banks
In June 2016, Agribank placed a moratorium on providing loan funding to clients who wanted to move their agricultural loan accounts from commercial banks to Agribank. This move was necessary to gain an enhanced understanding of the nature of the debt being taken over and to appropriately re-configure the Bank’s systems to accommodate the debt take-over product. The moratorium has now been lifted, effective 31 March 2017, which means clients who are currently with commercial banks can again approach Agribank to move their loan accounts over.
In the meantime, Agribank has re-configured its information technology systems to improve its capability to accurately analyse and monitor the performance of these loan accounts.
Commenting on this move, Agribank’s Chief Executive Officer, Sakaria Nghikembua, stated that the lifting of the moratorium was a strategic imperative in efforts to grow the loan book of the Bank. Nghikembua reiterated that applications received during the moratorium period and not processed will be considered in order to ensure fair treatment of all clients.
END
Issued by:
Sakaria Nghikembua
Chief Executive Officer
For enquiries, kindly contact the Marketing and Communication Division at:
Tel: 061 2074332
Fax: 061 2074206
View pdf
Agribank has established a training and mentoring division for farmers within the Bank, effective 1 April 2017. The new division, called the Agri Advisory Services (AASD), follows the successful completion of a seven year partnership between Agribank and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) for the implementation of the Farmers’ Support Project (FSP). During this period, a total of N$58.6 million was spent on FSP, of which Agribank contributed N$28.4 million, while the remaining N$30.2 million was contributed by GIZ.
The objective of the AASD, which was established in line with
the Bank’s five year strategic plan, is to transfer skills as well as enhanced knowledge and attitude towards farming as a business in order to increase productivity and promote business relationships between clients and the Bank.
AASD will focus on the provision of personalised mentorship in livestock, crop and horticulture production to Agribank clients in all 14 regions of Namibia. The mentorship and demand-driven training will be offered by technically qualified employees whilst mentorship will be provided by well-experienced farmers to guide qualifying farmers towards an increased understanding of productive farming and applying new skills and knowledge that allow them to improve their livelihoods. The training will cover topics such as rangeland conditions and utilisation, breeding and reproduction, marketing, animal health, record keeping, farm infrastructure management, financial management, animal husbandry, dry-land crop production and horticulture planning, improved irrigation practices and integrated pest management.
The establishment of the Division is in line with the Bank’s mandate to play a pivotal role in Namibia’s agricultural sector to create wealth, provide jobs and contribute towards food security.
In this way, Agribank is contributing towards the country’s long-term economic objectives - as outlined in Vision 2030, the National Development Plans and the Harambee Prosperity Plan.
END
Issued by:
Sakaria Nghikembua
Chief Executive Officer
For enquiries, kindly contact the Marketing and Communication Division at:
Tel.: 061 2074332
Fax.: 061 2074206
View pdf
The
Namibia Emerging Commercial Farmers Union (NECFU) and the Namibia Agricultural
Union (NAU) applauded Agribank for engaging them on key strategic issues. These
sentiments were expressed during a stakeholder engagement session initiated by
Agribank with the Unions.
Towards the end of 2016, Agribank approved its new Strategic
Plan to guide the operations of Agribank for the next five years. The Bank is committed to carrying out its mandate and creating sustainable
stakeholder value through regular engagements in a way that fosters mutual
understandingIt is against this background that the Chief Executive Officer, Sakaria
Nghikembua, held a stakeholder engagement session with key farmers’ unions this
week.
The objective of the engagement session was amongst other things to
share the key milestones achieved by the Bank over the past seven months, the
operating environment, highlights of the Bank’s strategy and its focus for the
future.
Detailing progress on the arrear collections strategy which intensified
as from February this year, Nghikembua told the unionists that two external
debt collecting companies in the names of RedForce and United Africa Group were
appointed to assist the Bank with arrear collections.
He
noted that the response is very positive as many clients have already contacted
either the Agribank offices or those of the contracted debt collecting agents
to make arrangements, whilst others have made down payments on their arrears. “We
already have commitments-to-pay from customers in excess of N$20 million. This
amount increases daily as new repayment agreements are made with customers. We
now also have on board the second debt collector and are busy handing over a
portion of the arrears book to them before they start interacting with clients. We are confident that we will see good repayment
inflows in 2-3 months’ months”, stated Nghikembua.
Nghikembua reiterated that Agribank can only be sustainable if money
owed to the Bank is repaid to enable it to lend it further and have a bigger
developmental impact as per its mandate. “The clients who are ignoring or
refusing to cooperate with the duly appointed debt collectors are doing it at
their own risk. These agents have been appointed and are acting fully on behalf
of the Bank. We are fully aware that clients will not necessarily be able to
repay all their arrears at once, nor do we expect them to. What we do expect is
that suitable arrangements should be made to settle the debts over a reasonable
period of time”, the Agribank chief stated.
On their part, both NECFU and NAU expressed appreciation to Agribank for
recognizing them as key stakeholders as is evident through engagements of this
nature. The unions further stated that they are now clear about the direction
that the Bank is heading and promised to share the information with their
respective members.
Agribank is a state-owned
financial institution with the mandate to advance money to persons or financial
intermediaries for the promotion of agriculture and activities related to
agriculture.
END
View pdf
Following the adoption of its new 5-year Strategic Plan (2016/17 – 2020/21), the Agricultural Bank of Namibia (“Agribank”) is steaming full-speed ahead as it transform itself into a model world-class organisation.
Aligned to the Harambee Prosperity Plan, the Bank’s strategic plan has five focus areas namely, the Customer, Financial Sustainability, Employees, Governance as well as Socio-Economic Transformation which are supportive of its vision and strategy. Service Excellence, Innovation and Excellence in Execution will be the building blocks in executing the new strategy. The plan also outlines various key initiatives under each of the focus areas.
At a media briefing in Windhoek, Agribank’s Chief Executive Officer, Sakaria Nghikembua, highlighted some of the features of the strategy.
Key initiatives under the Customer focus area include understanding market insights through on-going research activities, offering relevant products and ensuring the Bank’s accessibility through increased footprint and digital platforms. Other innovative initiatives include the development of products for communal farmers in order to broaden financial inclusion and ensure food security at a household level. Nghikembua explained that loan book growth, interest income growth, cost containment, arrears management as well as non-interest income growth, will be amongst the core initiatives which are being implemented to ensure the Bank’s financial sustainability and thus enhance its ability to fulfil its developmental mandate in the long term.
It is against this background that the Bank is pursuing an intensified arrears collection strategy. The Bank has total arrears of just over N$500 million of the total loan book of N$2.4 billion, which represents an arrears-to-total advances ratio of 21%, whilst the benchmark ratio for development financing institutions is 15%. The sustained high levels of arrears would threaten Agribank’s financial sustainability and its ability to deliver on its mandate in the long-term. As part of the arrears collection strategy, the Bank has appointed debt collectors to assist it in collecting outstanding repayments from clients with effect from this month.
The new 5-year strategy further provides for the attraction and recruitment of staff with the required competencies, attitude and potential, while concerted efforts will be deployed to improve leadership and managerial capacity of employees through appropriate training and development interventions. The introduction of the recognition and reward scheme, performance-based incentives, performance management as well as creating a high performance culture are some of the initiatives under the Employee focus area. A performance management system has already been implemented with all employees of the Bank signing performance contracts for the second half of financial year ending 31 March 2017. New performance contracts are being developed for the new financial year starting in April 2017.
Due to the nature of its operations, the Bank is placing a lot of emphasis on risk management and compliance as part of its Governance focus area. Towards this end, Compliance and Risk specialists have already been recruited whilst the recruitment of a Governance Executive is underway. Upcoming initiatives include the company-wide roll-out of risk and compliance awareness sessions, the implementation of a compliance testing plan that has recently been developed, training of the Board and Senior Management on Governance-related matters and the roll-out of a risk management framework within the Bank. plans to embed risk management, enhance compliance and risk awareness under its Governance focus area. Ensuring business continuity management and enhancing audit and forensic capacity will also receive priority under the Governance focus area.
The Bank also plans to enhance its brand in the market, while extending lending to emerging farmers in communal areas, funding agro-industries and decentralising lending to the regions. Training and mentoring of emerging farmers to improve their production output, through an in-house division, as well as improving stakeholder engagement and granting bursaries in agriculture related fields, are some of the initiatives to support the socio-economic transformation focus area of the new strategic plan.
Nghikembua then highlighted some of the milestones achieved over the past six months as follows:
•Finalisation and implementation of the 5-year strategic plan
•Finalisation of intensified arrears collection strategy
•Implementation of a Bank-wide performance management system
•Inculcating a stakeholder engagement and communication culture within the Bank
•Revision of key policies such as the Delegation of Authority as well as aligning the Valuations policy to market practices. These policies have the effect of enhancing decision-making and positioning the Bank for competition in the market-place
•Taking and implementing a decision to establish a training and mentoring division for farmers within the Bank with effect from 1 April 2017
•Finalising the budget for the 2017/2018 financial year well ahead of time
•Finalising the annual financial statements and the annual report for financial year 2015/16 and holding the annual general meeting within six months of financial year-end as required by law.
This was a singular achievement in many years, which will now become the standard and embedding a culture of conducting robust reviews of the bank’s holistic performance across levels and metrics.
Nghikembua further stated that, despite the challenging operating environment, the Bank has maintained credible financial performance in the year so far. He expects the Bank to meet or exceed its key financial targets for the full year to the end of March 2017.
The Agribank chief explained that the Bank’s operating environment continue to be characterised by increased regulation and intensified competition, while the volatile weather cycles also pose their own challenges. According to him, this calls for considered strategic focus to achieve growth, maintain relevance and ensure sustainability. He said income-growth and cost-containment strategies are necessary in achieving the strategic objectives of the Bank.
Introducing a high-performance culture, embedding customer centricity, attaining financial inclusion, improving service efficiencies as well as leveraging technology and constant innovation, are some of the prerequisites to make Agribank a winning institution.
Nghikembua concluded by listing some of the key focus areas for the rest of this financial year as:
•Ensuring disciplined execution across the business
•Ensuring readiness to implement the training and mentorship division by 1 April 2017
•Delivering financial performance in respect of revenue, expenses, profit and collections
•Rolling out the no-collateral product for communal farmers by 31 March 2017
•Delivering on business process re-engineering by 31 March 2017 to improve service efficiencies
•Finalising performance contracts for the 2017/2018 financial year
•Ensuring readiness for the annual audit, delivering a no qualified audit and hosting the Annual General Meeting in September this year and,
•Sharing what Agribank does with the public to ensure we reach out to all potential customers in both communal and commercial areas
MEDIA RELEASE: Agribank steps into the future as new strategy swings into action
Issued by:
Sakaria Nghikembua
Chief Executive Officer
The Board of the Agricultural Bank of Namibia (Agribank) is pleased to announce the appointment of Mr Sakaria Nghikembua as the bank’s new Chief Executive Officer, with effect from 1 August 2016. Mr Nghikembua succeeds Ambassador Leonard Iipumbu, who retires on 31 July 2016.
Widely regarded as a highly effective and transformational business leader, Nghikembua previously led the transformation of Namibia Post Ltd as its Chief Executive Officer, and latterly served as Chief Executive Officer of Operations at Old Mutual in Namibia and as Managing Director of Old Mutual Short-term Insurance Company (Namibia) Ltd. In the latter role, Nghikembua led the successful integration of the former Mutual and Federal Insurance Company of Namibia Ltd into Old Mutual Holdings (Namibia).
Within Old Mutual, furthermore, Nghikembua served as the founding Executive and Chairman of Old Mutual Finance (Namibia) Pty Ltd (a lending company); and further served at different time-periods on the Boards of Old Mutual Transactional Services, Old Mutual Properties, the Old Mutual Foundation and the Investment Committee of the Old Mutual Investment Group (Namibia).
Nghikembua holds a Bachelor of Economics degree (A-average) from the University of Namibia and a Master of Science degree in Financial Economics from the University of London; and has completed an Executive Development Programme (EDP) from the University of Cape Town. In addition, Nghikembua has completed various Strategy and Leadership courses from the University of Wits (SA), INSEAD in France and the Old Mutual Business School (SA).
Nghikembua emerged as the most suitable candidate to lead Agribank following a rigorous selection process that included an on-the-spot Business Strategy presentation to the Board, a competency-based interview with the Board and a battery of ten (10) Ability and Personality assessments administered by professional psychometrists.
Says Terttu Uuyuni, Chairperson of Agribank: “We are truly privileged to have attracted a person of Nghikembua’s calibre. We are confident that he will provide the necessary leadership to ensure we not only meet and exceed our mandate but that we remain a champion for agricultural development in our country”.
On his part, Nghikembua stated: “I feel honoured to have been accorded this opportunity to serve my country and people in this role. As always, I will apply myself fully to ensure I deliver on the mandate before us. We need to be the pre-eminent bank for financing the growth and development of agriculture in our country. We need to be functionally efficient. We need to have financing solutions that are relevant to both commercial and emerging farmers. And we need to support the growth of agribusinesses in our country”.
ENDS
Issued by:
Ms Tertu Uuyuni
Chairperson
Agribank Board of Directors
For enquiries, kindly contact the Marketing and Communication Division at:
Tel: 061 2074332
Fax: 061 2074206
Loans are granted against security of fixed property, investment or any other acceptable form of security (fixed deposits, investments and surrendering value of policies). read more
No, Agribank is not a commercial bank. read more
Yes, Agribank can assist you to start farming. read more