Bank Rakyat to pay 20% dividend

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Bank Rakyat to pay 20% dividend

Bank Rakyat to pay 20% dividend

Monday, March 26, 2012
  • rak
This site has been quick to promote the announcement.

KUALA LUMPUR: Bank Rakyat today declared a 20 per cent dividend or RM435 million payout for the 2011 financial year.


The bank declared a dividend of 15 per cent or RM330 million in payout for 2010 and a five per cent bonus share dividend of RM105 million.


In announcing the dividend and the bank's financial performance, Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said the higher dividend was contributed by the 17.6 per cent higher pre-tax profit or RM301.9 million to RM2.02 billion, the highest since the bank's inception.


The pre-tax profit for 2010 was RM1.72 billion.


"The record pre-tax profit was achieved from the bank's focus on financing activities besides quality asset appreciation despite challenges in the domestic banking industry," he added.