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July 01, 2015 2:00 AM ET

Banks

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

Malaysia

Founded in 1954

Phone:

60 3 2697 5011

Fax:

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 2015.

Bank Kerjasama Rakyat Malaysia Berhad Key Developments

Bank Rakyat Reports Earnings Results for the First Quarter Ended March 31, 2015

Bank Rakyat reported earnings results for the first quarter ended March 31, 2015. The company reported an increase of 1.4% in profit before tax and zakat of MYR 541.83 million for the first quarter ended March 31, 2015, compared to MYR 534.13 million in the corresponding period of last year. Net profit rose to MYR 478.88 million compared to MYR 460.14 million in the corresponding period of last year, an increase of 4.1%. For the first quarter of 2015, return on assets remained strong at 2.6%.

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.

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