Recently, Bank Persatuan declares 6.5 percent dividend to its members for financial year end 31st December 2010. The dividend rate for 2010 was the lowest ever. Previously, the dividend always stay at least 10 percent per year.

Kindly browse “Historical Bank Persatuan Dividend Rate” page for previous year dividend.

For individual members, dividend will be paid by cash at any Bank Persatuan branches nationwide starting 25th August 2011 until 26th September 2011.  Meanwhile, individual members who earn more than RM5,000 in dividend and co-operative members, dividend will be paid by cheque.

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Effective from 1st January 2011, all existing and new members of Bank Persatuan are subjected to new maximum limit of share investment. The new maximum limit was approved during Board meeting on 28th December 2009. All previous year limits are no longer applicable.

Below are the details on the new limits.

Existing members

• Individual members allow to invest additional RM2,000 on top of existing share.
• Co-operative members allow to invest additional RM20,000 on top of existing share.

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Koperasi Bank Persatuan Malaysia Berhad or Bank Persatuan is a cooperative organization and it was established on 7th June 1950 under the name ‘The Province Wellesley Cooperative Banking Union Limited’ in Butterworth, Penang.

Bank Persatuan is in the process of upgrading their operation from credit cooperative to become second cooperative bank in Malaysia after Bank rakyat. They expected to become a cooperative bank by July 2010 after meeting the condition set by Bank Negara Malaysia. The main condition is to have RM300 million paid up capital.

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