Bank Rakyat declares 17% dividend for FY24

(From left) Bank Rakyat chief financial officer Amren Faisal Fadzil, Malaysia Cooperatives Commission (SKM) chairman Leftenan Jeneral Datuk Ahmad Norihan Jalal (B), Bank Rakyat chairman Datuk Mohd Irwan Mohd Mubarak, Bank Rakyat CEO Ahmad Shahril Mohd Shariff and deputy CEO Nor Haimee Zakaria at Bank Rakyat's Financial Results and Dividend Press Briefing for the financial year ended Dec 31, 2024 (FY24). — AZLINA ABDULLAH/The Star

KUALA LUMPUR: Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) has recorded a profit before tax and zakat of RM1.82bil for financial year ended Dec 31, 2024 (FY24), reflecting a 3.15% year-on-year (y-o-y) increase compared to RM1.76bil in FY23.

In line with the stronger performance, the bank declared a 17% dividend for FY24, amounting to a total payout of RM486.32mil to 773,859 members.