05 Mar 2020
Agribank
achieved an overall score of 81% and obtained an A rating at the 9th
Peer Review of the Association of African Development Finance Institutions
(AADFI). A total of 38 development finance institutions submitted their
externally audited prudential ratings for assessment on standards of
governance, financial prudence and operations.
Agribank
was classified as Best Performing African Development Finance Institution (DFI)
with a rating of A and will be presented with the prestigious award for 2019 at
the General Assembly of the AADFI in Abidjan, Ivory Coast later this year.
AADFI
Chairman Thabo Thamane, congratulated the Agribank Board, Management and staff
for the record performance and urged the Bank “not to relent in its efforts to
entrench best practices in its operations”. Thamane added that the Bank should “continue
to sustain its development financing mandate.”
On
his part, Agribank chief executive officer, Sakaria Nghikembua, expressed
delight at the achievement, noting that the bank has embedded good practices in
governance, as well as in financial and operational management. “We will
continue to implement these practices to ensure that the bank is not only
sustainable, but that it delivers on its core mandate of economic upliftment
and contributing towards food security at both the household and national levels.”
Issued by:
Rino Muranda
Manager:
Marketing and Communication
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