September 18, 2014 7:48 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

General Manager of Finance
Chief Retail Banking Officer
Chief Strategy and Planning 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 Declares Total Cash Dividend for the Financial Year Ended December 31, 2013; Reports Earnings Results for the Financial Year Ended December 31, 2013

Bank Rakyat declared a total cash dividend of 15% against 16% a year ago, amounting to MYR 446 million, for the financial year ended December 31, 2013. The bank recoded a profit before tax and zakat (tithe) of MYR 2.13 billion, unchanged from the previous year. The bank contributed 2% or MYR 42.51 million of its profits before tax and zakat to the Co-operative Education Trust Fund and 1% or MYR 21.25 million, to the Co-operative Development Provident Fund. The bank's net profit increased 8.7% to MYR 1.91 billion compared with MYR 1.75 billion recorded in 2012. Gross income remained high at MYR 6.07 billion, driven by income from financing of MYR 4.68 billion, and other operating income rose to MYR 522.26 million from MYR 433.01 million previously. The bank allocated MYR 300 million for capital expenditure this year, of which over MYR 100 million would be utilised to upgrade its banking system, MYR 50 million to open five branches and the balance to purchase office equipment.

Bank Rakyat Launches MYR 500 million Islamic Medium-Term Notes

Bank Rakyat announced the launch of a MYR 500 million three- and five-year sukuk musharakah, the bank's second Islamic bond issuance. The issuance of the MYR 500 million sukuk is part of the proposed Islamic medium-term notes programme of up to MYR 9 billion in nominal value issued via an appointed funding conduit, Imtiaz Sukuk II Bhd. The sukuk issuance will provide the bank with a more diversified and stable medium- and long-term funding and allow Bank Rakyat to achieve a stronger and more resilient balance sheet. The issuance will be in tranches of MYR 200 million raised under the three-year notes with annualised return of 4.30% and MYR 300 million under the five-year term notes with annualised return of 4.45%.

Bank Rakyat Announces to Open Branches in Bandar Marang and Kuala Berang

Bank Rakyat announced that it will open branches in Bandar Marang and Kuala Berang to meet the demand for banking services and expand its operations in the oil-rich state. The branch in Bandar Marang will be opened early next month and the one in Kuala Berang early next year. The opening of the two branches brings to eight the number of branches in the state, adding that another branch in Setiu is still under negotiations.

Similar Private Companies By Industry

Company Name Region
Promino Sdn Bhd Asia
Bank Muamalat Malaysia Berhad Asia
Affin Bank Berhad Asia
Alliance Bank Malaysia Berhad Asia
RHB Islamic Bank Berhad Asia

Recent Private Companies Transactions

No transactions available in the past 12 months.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Bank Kerjasama Rakyat Malaysia Berhad, please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at