Bank Rakyat to Increase Membership Shares by RM1 billion



Last month, Bank Rakyat received an approval from Bank Negara to increase its share capital by additional one billion units to three billion units. Cooperatives and Bank Rakyat members will be given priority in subscribing to the new shares.

Currently, there is a long waiting list for the share subscription with the demand value exceeding RM1 billion. High demand for the Bank Rakyat shares is due to its excellent performance. Bank Rakyat manage to maintain 15 percent annual dividend since 1999.

Due to high demand, not all who apply for the shares will get and those who do, will not receive the full amount. Non members comprise 40 percent of the waiting list.

The distribution of the new shares for those interested will be decided by the Bank Rakyat board in May.


Leave a Comment

  • wennie 5th April, 2011, 12:04 am

    hi Million dollar blog..how to subcribe to Bank Rakyat share?

    Reply
  • 1mdb.com 7th April, 2011, 4:28 pm

    wennie,

    To subscribe, people who interested have to fill up application form at Bank Rakyat. I heard that each person is limited to RM500 only. I think it is only open to Bumiputera.

    Reply
  • nam66 10th April, 2011, 2:20 pm

    All bank rakyat branch is qualified to register new member?or I need to go to hq branch in kL?

    Reply
  • 1mdb.com 10th April, 2011, 3:40 pm

    nam66,

    You can go to any Bank Rakyat branches nationwide.

    Reply
  • insane 18th April, 2011, 11:09 pm

    Only applicable to Bumiputera?

    Reply
  • as 20th July, 2011, 4:39 pm

    explain a bit about saham bank rakyat malaysia, with RM500 1st payment..plus plus which from each year for 15% dividen…
    (share name & how the procedure…)
    thank you.

    Reply
  • kingjoke 21st July, 2011, 6:03 pm

    Is it tru that saham bank rakyat still open for subscription? I still remember when they open the share in last april people have to Q and wait for hours just to get RM500…

    Reply
  • 1mdb.com 25th July, 2011, 3:17 am

    I’m sorry I don’t know whether it is still available or not. You can call or visit them.

    Reply
  • Ahmad Hati 26th February, 2012, 11:49 am

    I manage to get another K of units. Tawaran Tambahan Modal Syer Bank Rakyat

    Reply
  • Ahmad Hati 26th February, 2012, 11:50 am

    I manage to get another K of units. So heaven if got 10K Tawaran Tambahan Modal Syer Bank Rakyat

    Reply
    • kingjoke 3rd March, 2012, 9:17 am

      Wah! Good 4 U. I stil didnt get til now. When u apply the extra unit?

      Reply
  • Yen 5th April, 2012, 9:10 am

    I called the Bank Rakyat branch in Subang Taipan and they said it’s only opened to Bumiputera.

    Reply