Bank Rakyat maintains double-digit dividend rate

Entrepreneur Development and Cooperatives Minister Tan Sri Noh Omar said despite the challenging environment triggered by Covid-19, Bank Rakyat was still able to maintain a double-digit dividend rate for 23 years.

PETALING JAYA: Bank Rakyat has announced a 15% dividend for its financial year ended Dec 31, 2021 (FY21) compared to 13% in its previous financial year.

This will involve a payout of RM429.50mil and the dividend will be credited to 827,066 members from April 25, 2022.