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| HISTORY |  |
Bank Rakyat's 1st corporate logo | | |  | Tan Sri Sheikh Ahmad Mohd. Hashim, Bank Rakyat's 1'st Chairman - Bank Rakyat was established in September 1954 under the Cooperative Ordinance 1948, following an expansion of the cooperative movement in Peninsular Malaysia.
- To facilitate the expansion of the cooperative movement, the co-operatives set up their respective union banks provide financial needs to their members.
- On 28 September 1954, 11 of these union banks decided to merge and form Bank Agong (Apex Bank)
- In 1967, Bank Kerjasama Malaysia Berhad replaced Bank Agong with its membership opened not only to the cooperatives, but also to individuals. Subsequent changes in the by-laws also resulted in the creation of its subsidiary companies and opening of branches to serve customers as well as members.
- On 6 January 1973, the name was changed to Bank Kerjsama Rakyat Malaysia Berhad or better known as Bank Rakyat.
- Bank Rakyat is governed by its by laws and Bank Kerjasama Rakyat (M) Berhad Act 1978 (Special Provision 202), which allows Bank Rakyat to provide financing to non-members.
- In 1989, Bank Rakyat was placed under the Ministry of Land and Co-operative Development and the Ministry of Finance
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| | Head Office
Bangunan Bank Rakyat, Jalan Tangsi, Peti Surat 11024, 50732 Kuala Lumpur
Tel: 03-26129600, Fax: 03-26129655, tele-Rakyat: 1-300-88-1BANK (12265) |  |
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30 July 2010 12:00 AM
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