Bank Rakyat declares dividends totaling RM495m for FY12

  • Business
  • Wednesday, 13 Mar 2013

KUALA LUMPUR: Bank Rakyat has declared dividends totalling 18% amounting to RM495mil for the financial year ended Dec 31, 2012.

The bank said on Wednesday the dividend of 16% involved a cash payout of RM440mil and bonus share dividend of 2% amounting RM55mil for FY12.

Bank Rakyat's profit before tax and zakat rose 4.7% to RM2.1bil in 2012 from RM2.02bil in FY11.

Domestic Trade, Co-operative and Consumerim Minister Datuk Seri Ismail Sabri Yaakob said the bank's profit was driven by growth in its total income from financing and deposit coupled with strong asset quality, despite challenges in the local banking industry."

About 88.5% of the bank's financing income came from consumer financing while commercial financing stood at 11.5%.

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