Bank Pertanian Malaysia (BPM) was established in 1 September 1969 by an Act of Parliament No. 9/69. BPM is wholly owned by the Government and as a statutory body, BPM is required by the Act to report its annual activities to Parliament.
The objectives of BPM as stipulated under the BPM Act 1969 are :
a) To promote sound agricultural development in Malaysia;
b) To coordinate and supervise the granting of credit from public funds for agricultural purposes to individuals or groups, whether corporate or incorporated;
c) To provide loans, advances and other credit facilities for the development of agriculture including production and marketing;
d) To mobilize savings with particular regard to the agricultural sector and in furtherance of this objectives, to accept savings and time deposits.
3. VISION AND MISSION
4. DESTINATION STATEMENT
BPM’s destination statement underlines the importance of human resources, corporate culture, work processes, market driven products & services and customer relationship as the keys to achieve its vision in 2010.
5. BRANCH NETWORK
BPM has an established networks throughout the country; 12 state offices, 119 branches, 55 sub-branches and 30 permanent counters. Sub-branches and permanent counters are set up in the rural commercial centres to offer banking services to rural communities. In line with its tagline “always by your side”, BPM’s branches also operate 2,260 mobile counters to rural commercial centers, markets, schools and kindergartens to extend personal banking services at customers’ door step.
6. MAIN ACTIVITIES
6.1 Agriculture Financing
Loan facilities are available to finance the entire value chain of agricultural sector, from downstream activities, primary production, processing, to marketing and distribution. Financing can be arranged through conventional lending or under Islamic financing. Concessionary rates are charged for loans under special Government funds to develop priority agriculture sub-sectors. Other commercial agricultural projects are financed through mobilized funds and competitive interest rates are offered for such loans.