Agrobank welcomes the Ministry of Agriculture & Agro-Based Industry’s (MOA) initiative to focus on women empowerment issues in 2018, in line with the Government’s announcement in January 2018 that the year 2018 is the Women Empowerment Year.

Datuk Seri Ahmad Shabery Cheek, Minister of Agriculture & Agro-Based Industry recently announced that the concept for Malaysia Agriculture, Horticulture & Agrotourism 2018 (MAHA 2018) is “All About Women’ (Segalanya Wanita).  MAHA 2018 will highlight and showcase women in agriculture as the core focus of the programme.

Hong Leong Bank Berhad (HLB) signed a strategic partnership agreement with Credit Guarantee Corporation Malaysia Berhad (CGC), to participate in their Portfolio Guarantee (PG) scheme to offer financing of up to RM200 million to Small and Medium Enterprises (SMEs). 

According to Domenic Fuda, Group Managing Director and Chief Executive Officer of HLB, the Bank recognizes the important role that SMEs play in the growth and progress of the country and its economy. 

CIMB Bank Bhd and CIMB Islamic Bank Bhd (CIMB) have launched the 1-Minute Home Financing as part of CIMB’s InstaApproval platform. 

The CIMB 1-Minute Home Financing facilitates complete approval within a single minute upon full submission of information and documents, enabling a faster, secure, paperless and hassle-free home ownership journey for customers. 

The Association of Banks in Malaysia (ABM) reiterated that its member banks, which comprise the commercial banks operating in Malaysia, have remained supportive towards providing housing loans to eligible house buyers including the first-time house buyers and affordable segments.

This can be evidenced by robust overall loan approvals from the banks worth RM161 billion for house financing to more than 375,000 borrowers in 2017. It is clear that financing remains available for eligible borrowers as 71% of housing loan borrowers are first-time owners of affordable homes. This was further reinforced by housing loan approval rates of 73% in 2017.