Following the recent dividend announcement of 6.5 percent for 2010, Bank Persatuan also decided to increase the maximum investment limit for 2011.
During their board meeting last December, the limit for was reduced to RM2,000 individual & RM20,000 for co-operative members. However, starting August 2011, the limit is increased again.
Below are the details on the new limits.
Existing members
- Individual members allow to invest additional RM20,000 on top of existing share.
- Co-operative members allow to invest additional RM100,000 on top of existing share.
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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 All previous year limits are no longer applicable.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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