Bank Rakyat Share

Bank Kerjasama Rakyat Malaysia Berhad (Bank Rakyat) was established in 1954 and currently, it is the largest Islamic cooperative bank in Malaysia.

Bank Rakyat is known to pay very generous dividend to its member. For the past 10 years, Bank Rakyat is always paying a minimum of 15% dividend per year. Unfortunately, the membership is closed.

The table below shows the dividend rate since 1997.

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Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) , the country’s only cooperative bank announce that they will considering lifting a five-year freeze on accepting new members as part of plans to raise RM500 million in extra capital.

However, the priority will be given to the existing members to increase their investment in Bank Rakyat. Bank Rakyat will seek shareholders approval for the capital increase at its annual general meeting in April 2010. For those who eagerly waiting for this opportunity, please remember this date.

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