Agrobank provides RM112M bank facility for Sarawak project

Agrobank signed an  agreement for banking facilities of RM112 million to Sarawak Land Consolidation and Rehabilitation Authority (SALCRA). With this agreement, SALCRA will receive banking facilities totaling RM 112 million to part finance their new palm oil mill in Lubok Antu, Sri Aman Sarawak and other working capital requirements.

The agreement was signed by Mr. Asmuni Sudin, Chief Financial Services Officer of Agrobank on behalf of Agrobank and Datu Vasco Sabat Anak Singkang, General Manager of SALCRA on behalf of SALCRA. The signing ceremony was held in conjunction with SALCRA’s Board Meeting held at Wisma SALCRA and was witnessed by YB Datuk Patinggi Tan Sri Dr. Alfred Jabu Numpang, Deputy Chief Minister, Minister of Modernisation of Agriculture Sarawak, who is also the Chairman of SALCRA, board members of SALCRA and Agrobank’s management team.

Dato Wan Mohd Fadzmi Wan Othman, President/ Chief Executive Officer of Agrobank said, “Agrobank is happy to be supporting SALCRA with this new development plan to build a new palm oil mill in Lubok Antu. We are proud to support SALCRA’s projects and initiatives to develop lands for agriculture purposes for the growth and progress of rural communities in Sarawak”