Agricultural Bank of Packilvania: Difference between revisions
no edit summary
No edit summary |
No edit summary |
||
| (2 intermediate revisions by the same user not shown) | |||
Line 3:
{{Infobox organization
| native_name = ''luMonaat aluZiraya aBakhilfaniya'' ([[Packilvanian]])
| image = MOZIBA.png
| abbreviation = MOZIBA
| nickname = ''luMonaat ameZiraya'' (Farmer's Bank)
Line 33 ⟶ 34:
*Loans and credit for farming-oriented needs
*Depository services
*Payment services (including [[Plexis]] credit and debit cards)
*Insurance products
*Financial planning advice
Line 42 ⟶ 43:
*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.
| |||