Bank Rakyat posts RM1.4b earnings for FY20, declares 13% dividend

Bank Rakyat Group recorded a profit before tax and zakat (PBTZ) of RM1.44 billion and a net pro t of RM1.38 billion for the financial year ended Dec 31, 2020 (FY20).

In a statement, the cooperative bank stated the steady performance was achieved via its strong fundamentals and focused on core activities, despite lingering uncertainties from the Covid-19 pandemic and post-moratorium impact.

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