Agribank plc, the latest local bank to be granted a licence by the MFSA, has just launched its corporate website. Apart from providing background information on the bank’s composition, the website at www.agribankplc.com features the latest product offered by Agribank, particularly in terms of funding products.

The bank is offering its clients three-, four- and five-year fixed-term bonds, which are the equivalent to term deposits but are not covered by the local depositor compensation scheme. The rates attached to these bonds range from 3.35 per cent to 3.6 per cent and, while carrying a lower rate than other deposits offered by the competition locally, they are structured to reflect the robust model of the bank and the low risk clients are undertaking when investing in these products.

Also this week, Agribank went live with its offerings on the top UK comparison websites, where its products are being labelled as “market leaders” for the UK market. Feedback has already been very encouraging and the bank aims to continue to build on its brand before the official launch in London on March 6 and the subsequent official inauguration of its Skyparks Business Centre offices and domestic launch on March 18.