Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) today urged its members, customers and stakeholders to stay calm and stressed that its business operations go on as usual and the bank still offers its services to customers.
The bank in a statement said it respected and accepted the views of its members, which is one of the bank's stakeholders.
"As a cooperative bank which has close to 900,000 members, the bank considers the differing views among its members as a normal matter especially for a cooperative that has the highest number of members in Malaysia.
"The success of Bank Rakyat to remain as the biggest Islamic cooperative bank in Malaysia is driven by the support given by the government to the bank all this while," said the statement, alluding to recent media reports related to the dissolution of the Bank Kerjasama Rakyat Malaysia Bhd Act 1978 (Special Provisions) Act 202.
The bank said among its achievements is to maintain the dividend rate payment at a minimum of 10 per cent or more to its members since 20 years ago.
Besides that, the bank also recorded profits of more than RM1 billion per year consistently since 2008.
"The financial institution rating of AA2/Stable/P1 given by RAM Ratings to Bank Rakyat is also based on its status which is supported by the government, in line with its position as a cooperative bank, as well as a development financial institution.
"This year, Bank Rakyat also expedited the payment of dividend for 2019 of 14 per cent, as well as business zakat payment to help the B40 and asnaf group affected by the Movement Control Order following the COVID-19 pandemic," it added.
Bank Rakyat said this proved that the cooperation forged between the government and the bank in general had provided a lot of benefits to members and the local community.
"The achievements would not have been accomplished without the loyalty of members and customers of the bank. Thus, Bank Rakyat places on record its appreciation to the support and confidence given to the bank all this time," said the statement.
-- BERNAMA
Bernama
Tue Jun 30 2020
The bank in a statement said it respected and accepted the views of its members, which is one of the bank's stakeholders. -Photo Astro Awani/Shahir Omar
COP29 climate summit draft proposes rich countries pay $250 billion per year
The draft finance deal criticised by both developed and developing nations.
Bomb squad sent to London's Gatwick Airport after terminal evacuation
This was following the discovery of a suspected prohibited item in luggage.
Kelantan urges caution amidst northeast monsoon rains
Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.
Former New Zealand PM Jacinda Ardern receives UN leadership award
Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.
ICC'S arrest warrants for Netanyahu, Gallant an apt decision - PM
The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.
KTMB provides two additional ETS trains for Christmas, school holidays
KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.
BNM'S international reserves rise to USD118 bil as at Nov 15, 2024
Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.
Findings by dark energy researchers back Einstein's conception of gravity
The findings announced are part of a years-long study of the history of the cosmos focusing upon dark energy.
NRES responds to Rimbawatch press release on COP29
The Ministry of Natural Resources and Environmental Sustainability (NRES) wishes to offer the following clarifications to the issues raised.
Online Safety Bill and Anti-Cyberbullying Laws must carefully balance rights and protections
The Online Safety Advocacy Group (OSAG) stands united with people in Malaysia in the fight against serious online harms.
Malaysia's inflation at 1.9 pct in Oct 2024 - DOSM
Malaysia's inflation rate for October 2024 has increased to 1.9 per cent, up from 1.8 per cent in September this year.
Saudi Arabia showcases Vision 2030 goals at Airshow China 2024
For the first time, Saudi Arabia is participating in the China International Aviation & Aerospace Exhibition held recently in Zhuhai.
King Charles' coronation cost GBP 71mil, govt accounts show
The coronation of Britain's King Charles cost taxpayers GBP72 million (US$90 million), official accounts have revealed.
Couple and associate charged with trafficking 51.9 kg of meth
A married couple and a man were charged in the Magistrate's Court here today with trafficking 51.974 kilogrammes of Methamphetamine.
PDRM to consult AGC in completing Teoh Beng Hock investigation
The police may seek new testimony from existing witnesses for additional insights into the investigation of Teoh Beng Hock's death.
Thai court rejects petition over ex-PM Thaksin's political influence
Thailand's Constitutional Court rejects a petition seeking to stop Thaksin Shinawatra from interfering in the running the Pheu Thai party.
Abidin takes oath of office as Sungai Bakap assemblyman
The State Assemblyman for Sungai Bakap, Abidin Ismail, was sworn in today at the State Assembly building, Lebuh Light.
UPNM cadet officer charged with injuring junior, stomping on him with spike boots
A cadet officer at UPNM pleaded not guilty to a charge of injuring his junior by stomping on the victim's stomach with spike boots.
How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled
The indictment was unsealed on Nov. 20, prompting a $27 billion plunge in Adani Group companies' market value.
Elon Musk blasts Australia's planned ban on social media for children
Several countries have already vowed to curb social media use by children through legislation, but Australia's policy could become one of the most stringent.