Significant progress has been made with regards to preparing the groundwork on bringing in a strategic partner for the Bank. As is required, a Technical Committee on Agribank has been established by Government whose main purpose is to oversee and manage the bringing in of a strategic partner for Agribank and to ensure that all the necessary approvals are granted
The Bank has already sent out through the media an invitation for expression of interest for the provision of Transactional Advisory services.
The Transactional Advisors will report to the Technical Committee. Amongst the key deliverables will be a Due Diligence Report on Agribank, indicating the capitalization requirements and the ideal strategic partner for the Bank. It is pleasing to note that a significant number of potential investors have already expressed interest in becoming a strategic partner for the Bank.