Monday 26 March 2012

Bank Rakyat posts record RM 2bn net profit

KUALA LUMPUR (March 26): Bank Rakyat Malaysia Bhd recorded its highest ever net profit of RM2 billion for the financial year ended Dec 31, 2011, compared to RM1.34 billion on the previous year, an increase of 49.5% or RM663.8 million

The bank had on Monday also announced a dividend payment rate of 20% to all its 926,578 members nationwide.

As much as RM330 million, or 15% of the total dividend payment will be paid in cash, while another RM105 million will be paid in the form of bonus share dividend, the bank said.



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