Bank Rakyat starts 2015 with new corporate office

It embodies the bank’s commitment to deliver nothing but the best to its 5 million customers and 950,000 members

March 13, 2015: Bank Rakyat started 2015 by launching Menara Kembar Bank Rakyat, its new corporate office located along Jalan Travers, on the fringes of KL Sentral. Operating in a very conducive and modern environment, it embodies the bank’s commitment to deliver nothing but the best to its 5 million customers and 950,000 members.

The bank was established on September 28, 1954 under the Cooperative Ordinance 1948 (known as the Cooperative Societies Act 1993). It is the biggest Islamic cooperative bank in Malaysia with assets totaling RM89.12 billion and a pre-tax and pre-zakat profit of RM2.18 billion as at end of December 2014.

The transformation in 2002 from a conventional banking system to a full banking system based on shariah has seen Bank Rakyat expand its range of products and customer facilities, which include consumer banking, commercial financing, savings and investments as well as products of financial planning to satisfy the many demands of the current generation. Efficient delivery channels continue to be expanded and improved. Bank Rakyat also continues to maintain its friendly corporate image as highlighted in its tagline as Your Choice Bank.

As of now, it has 147 branches, more than 700 ATMs and CDMs, 18 Rakyat Xcess and 78 Ar-Rahnu X’Change nationwide. It operates a call centre, tele-Rakyat (1-300-88-12265) and i-Rakyat internet banking (www.irakyat.com.my). It can also be reached via Facebook, Bank Rakyat, Bank Pilihan Anda and Twitter at twitter.com/myBANKRAKYAT.

ACCOLADES

1. BEST ISLAMIC BANK 2014

Global Islamic Finance Award (GIFA)

2. BEST MANAGED BANK MALAYSIA 2014

International Finance Magazine

3. CEO OF THE YEAR (DATUK MUSTAFHA HJ. ABD. RAZAK)

National Award for Management Accounting (NAfMA)

4. RAM FINANCIAL INSTITUTION RATING

Long Term: AA2

Short Term: P1

5. THE BANKER TOP 1000 WORLD BANKS

World Ranking: 273