Bank Rakyat posts 17.8% increase in PBTZ of RM867m in 1H 2019

Bank Rakyat Group posted  profit before taxation and zakat (PBTZ) of RM867.65mil in the first half ended June 30, 2019 from RM735.46mil a year ago.

KUALA LUMPUR: Bank Rakyat Group posted profit before taxation and zakat (PBTZ) of RM867.65mil in the first half ended June 30,2019 from RM735.46mil a year ago.

The country's largest Islamic cooperative bank said on Friday the higher profit was achieved despite the challenges on the group’s net profit margin from the reduction of Overnight Policy Rate (OPR) and weak consumer sentiments in the economy.