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April 21, 2015 5:44 PM ET


Company Overview of Bank Kerjasama Rakyat Malaysia Berhad

Company Overview

Bank Kerjasama Rakyat Malaysia Berhad, an Islamic cooperative bank, provides personal and business banking products and services in Malaysia. Its personal banking products and services include savings, deposits, and eCurrent accounts; personal, home, car, and education financing, as well as pawn broking; debit, credit, merchant, and other cards; and financial planning. Its business banking products and services include micro and business financing, and micro enterprise fund; rural development financing; credit guarantee corporation scheme; and CO-OP and entrepreneur programs. Its products and services also include consumer banking, commercial financing, investments, and mobile and online ban...

11th Floor

Bangunan Bank Rakyat

Jalan Tangsi

P.O. Box 11024

Kuala Lumpur,  50732


Founded in 1954


60 3 2697 5011


60 3 2612 9655

Key Executives for Bank Kerjasama Rakyat Malaysia Berhad

President, Managing Director and Director
General Manager of Finance
Chief Retail Banking Officer
Chief Corporate Services Officer
Chief Officer and Senior General Manager of Risk Management
Compensation as of Fiscal Year 2014.

Bank Kerjasama Rakyat Malaysia Berhad Key Developments

Bank Rakyat Reports Earnings Results for the Third Quarter Ended September 30, 2014

Bank Rakyat reported earnings results for the third quarter ended September 30, 2014. For the quarter, the company reported profit before tax and zakat of MYR 1.65 billion from MYR 1.63 billion registered in the corresponding quarter last year. Net profit rose 7.5% to MYR 1.47 billion, for the quarter under review against MYR 1.36 billion recorded in the previous quarter last year.

Bank Rakyat Strengthens Further, Opens New Main Branch in KL

Bank Rakyat, continues to strengthen its market position and competitiveness with the opening of its new main branch at the Bank Rakyat Twin Towers in Jalan Travers here. The branch was officiated by the Domestic Trade, Cooperatives and Consumerism Minister, Datuk Seri Hasan Malek. With the opening of the new outlet, Bank Rakyat now has a total of 146 branches. Bank Rakyat Twin Towers, which will become Bank Rakyat's new headquarters, will be launched by the Prime Minister Datuk Seri Najib Tun Razak on January 25, 2015.

BANK Rakyat Reports Earnings Results for the Second Quarter Ended June 20, 2014; Provides Earnings Guidance for the Full Year of 2014

BANK Rakyat reported earnings results for the second quarter ended June 20, 2014. The company reported a net profit of MYR 961.91 million in the second quarter ended June 20, 2014, an increase of MYR 46.94 million, or 5.13%, from MYR 914.97 million a year ago. Its pre-tax profit rose 0.22% to MYR 1.11 billion. The bank attributed this to measures to lower total expenditure to MYR 958.55 million from MYR 1.15 billion a year ago. Higher net profit was fuelled in large by a decrease in tax and zakat of MYR 44.50 million to MYR 147.97 million in the corresponding period last year. The Bank Rakyat is confident of reaching the target set for year 2014, following steady financing growth, backed by positive projection for the banking sector.

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