KUALA LUMPUR: Agrobank today relaunched its flagship special financial management programme, 'Program Celik Wang', which specifically catered for school students in Malaysia.
In a statement today, the bank said the relaunch of the programme was done in conjunction with the yearly distribution of Buku Wang Saku and support towards the initiative by Bank Negara Malaysia in raising awareness about financial management and literacy among school students in Malaysia.
Chief development officer Aminuddin Amenon said financial management literacy at a young age is the crucial element in raising awareness about the importance of money management among the younger generation today.
He said studies conducted confirmed the importance of financial education at an early age and among its positive effects, are able to shape and promote healthy financial behaviour in the future.
"This is one of the reasons many youngsters face challenges in managing their finances until some of them are trapped with debts even at the early age of their lives.
"As a development financial institution with over 50 years of experience in the banking industry, Agrobank believes that such programmes can provide exposure to school students on the importance of making wise financial decisions to ensure the well-being of individuals, communities and countries," he said.
Agrobank also supports initiatives that inculcate the habit of savings among the younger generation, especially among school students through its specially catered product, Simpanan Agro Muda-i, which focuses on children from one day old to 18 years old.
Agrobank currently launched the Young Savers Challenge campaign which runs for one year from January 1, 2022, to December 31, 2022.
As of January 2022, a total of 196,601 customers in the child and adolescent's category have opened a joint account with Agrobank with a total accumulated deposit of RM 175.15 million.