Agricultural Bank of Packilvania: Difference between revisions
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{{Infobox organization
| native_name = ''luMonaat aluZiraya aBakhilfaniya'' ([[Packilvanian]])
| image = MOZIBA.png
| abbreviation = MOZIBA
| nickname = ''luMonaat ameZiraya'' (Farmer's Bank)
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| leader_title = Chief Executive Office (''muSharif muBas'')
| leader_name = Kashaal Adwaal
| revenue =
}}
The '''
==History==
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The government subsequently created state owned corporations that aimed to consolidate and commercialise food production and hire farmers as wage workers and place experienced farmers in managerial positions. They invested in irrigation, artificial fetilizer and modern farming equipment. Food production stabilised but the country still had challenges distributing and providing adequate food. Furthermore, many state owned companies struggled with debts due to the fact that the government forced them to provide food at low prices. This also caused monocultures and many varieties of foods to go undercultivated.
When the [[Bedonite dynasty]] and the [[Carriers of Mercy]] under Sultan [[Amhoud I]] toppled the [[Packilvanian Communist Party]], one of the key focuses of their first five year plan was to stabilise, privatise, and modernise the agricultural sector. The bank was established in 1987 by the
Under the government's land reform policy, state-owned land was leased for periods ranging from 20 to 200 years to experienced farmers who had previously worked for the state or owned their own farms. The bank in turn worked with them to source artificial fertiliser from overseas or from local fertiliser manufacturers. It also provided them with low cost banking services such as account and financial management services. Loans were developed which catered to the specific needs of the farming industry. In addition, the Agricultural Bank also insured farmer's land and equipment against accidental destruction and theft, and other unforeseen conditions.
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*Loans and credit for farming-oriented needs
*Depository services
*Payment services (including [[Plexis]] credit and debit cards)
*Insurance products
*Financial planning advice
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*Manage the distribution of state subsidies to farmers.
To date, the bank has lent out over 1 trillion [[kirib]] in funds to farmers and it manages over 940 billion [[kirib]] in financial assets. The bank made a profit of 2.2 billion [[kirib]] in 2022 and a total revenue of 67 billion [[kirib]]. It has managed and overseen over 430 billion [[kirib]] in government subsidies.
==Controversies==
The bank has been criticised for prioritising large scale farmers due to the fact that it is incentivized to seek the farmers most likely to pay off their debts and to generate the highest returns (interest income from the repayment of loans). As such, smaller farmers have complained that the bank does not provide adequate loans and favourable enough rates to make them competitive. Furthermore, others have criticised the bank for excluding investment by farmers into areas not explicitly involved in farming from their lending scheme.
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