Bank Rakyat a takeover target

Top co-op bank: Bank Rakyat is the biggest Islamic co-operative bank in the country with 147 branches.

PNB among institutions said to be exploring the profitable co-operative bank

PETALING JAYA: Bank Rakyat, Malaysia’s profitable Islamic co-operative bank, has become a takeover target as part of Bank Negara’s bigger plan to consolidate the financial sector.