Bank Rakyat to allocate RM150mil funding for Ar-Rahnu flexi programme


KUALA LUMPUR: Bank Rakyat aims to allocate RM150mil to finance working capital requirements for 30 new Ar-Rahnu branches to be developed by various cooperatives next year.

Senior Vice-President Corporate Banking, Abdul Razak Abu Bakar, said each branch would receive an average capital injection of RM5mil.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

BHP debates improved bid
Global stock markets on record-hitting spree
Oil gains 1% on hopes of firmer demand
JPMorgan investors weigh CEO Dimon’s strategy, succession plan
Muhibbah rides on Cambodian tourism uptick
Feytech gears up for expansion to meet growing demand
Ready to rise up the ranks again
SC working overtime to combat spread of scams
Russia and Malaysia sign tax agreement
MGB ACHIEVES 23% PROFIT SURGE IN 1Q24

Others Also Read