NEWSPublished: 03 Apr 11
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Bank Rakyat gets go signal to increase share capitalBank Rakyat received Bank Negara Malaysia's approval to increase its share capital from two billion to three billion.
According to Bernama News Agency, the Minister of Domestic Trade, Cooperatives and Consumerism Datuk Seri Ismail Sabri Yaakob announced that cooperatives and Bank Rakyat members will be given priority in subscribing to the new shares. Ismail Sabri said demand for the Bank Rakyat shares is due to its encouraging performance, having successfully maintained the 15 per cent annual dividend since 1999. He added that more than RM30 billion of the deposits in Bank Rakyat was now from the government, government agencies and government linked companies. Do you know more about this story? Contact us anonymously through this link. Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us. Tags: Bank Rakyat share capital, Bank Rakyat share subscription, Bank Rakyat deposits |