INTRODUCTION
Bank people's cooperation Malaysia Berhad or Bank Rakyat was a Malaysian
bank which was established in the month of September 1954 under Cooperatives
Ordinance 1948, due to co-operative movement development in this country. Bank
Rakyat supervision by Bank Negara Malaysia (BNM) through Institution Act
Pembangunan Finance (DAFIA 2002) and Entrepreneurial and Cooperative Development
Ministry. Bank Rakyat bank offering products and banking service to the members Islam
and also not member through 117 branches, 78 ATM machine external premise, 12
Islamic prawn shop or we call Ar-Rahnu X'Change shop and 7 electronic banking centre
over Malaysia.
With this rapid development, decision has been made to establish respective
banks which are known as association bank in order to in order to meet financial
requirement members. In 28 September 1954, 11 of the association bank agreed to join
and form Bank Agong (Apex Bank). In year 1967, cooperative bank Malaysia Berhad
replaces Bank Agong and his membership opened for individuals, other than cooperative. Further, subsidiaries establishment also be allowed. In 6 January 1973, his
name converted into Bank Kerjasama Rakyat Malaysia Berhad or better known as Bank
Rakyat.
A special act have been spawned to manage Bank Rakyat administration, namely
Bank Kerjasama Rakyat Act (M) Limited (Special Provision) 1978 (Act 202) which
enables Bank Rakyat offers financing on those non-member.
HISTORY BANK RAKYAT
1. In year 1986, Tabung Simpanan Nuri juvenile was inaugurated.
2. In year 1989, Bank Rakyat has placed directly under Ministry Of Land
3. In 1993, the Cooperative Act was reviewed which allows the Bank to operate in
Sabah and Sarawak.
4. On 8 May 1993, Bank Rakyat took a giant step towards becoming a syariah cooperative bank by introducing Islamic banking products at four of its branches.
5. Bank Rakyat became a full-fledged Islamic cooperative bank in 2002. Hence,
with this major decision, Bank Rakyat marked another milestone in history where
it became the third bank to offer total Islamic banking products in Malaysia.
6. On 15 February 2002, Bank Rakyat together with six other financial and
development institutions was placed directly under the supervision of Bank
Negara Malaysia (Central Bank of Malaysia) under the Development of Financial
Institution Act (DFIA).
7. On 27 March 2004, Bank Rakyat was placed under the supervision of the
Ministry of Entrepreneur and Cooperative Development.
8. On 15 April 2009, after the cabinet restructuring, Bank Rakyat was absorbed
under the Ministry of Finance.
9. To date, Bank Rakyat has a total of 119 branches offering Islamic banking
facilities to its customers
COMMERCIAL LOAN PRODUCTS BANK RAKYAT
1.1 Type of product
TYPE OF
TERM-I
BRIDGING-I
CONTRACT FINANCING
CONTRA
PRODUCT
Purpose
Working capital
Purchase the
To part finance the cost to
Finance
project land
complete the contract
complete
awarded
awarded
governme
establishe
Concept
Eligibility
Margin
Quantum
Financing
Bai'-Al'Inah, Al-
Al-Istisna
Al-Istisna', Bai-Bithaman
Istisna' and Bai'-
Ajil, Murabahah and Bai'Al-
Bithaman Ajil
Inah
Private
Limited
Companies
Public Limited
Companies
Cooperative
Private
Limited
Companies
Public Limited
Companies
Cooperatives
Developers
with good track
record
and Financing of up to Financing of up to
of 80%
of
working
requirement
the 50% of the land
capital purchase cost and
up to 40% of the
development cost
or up to 60% of
total development
Public Limited
Companies
Private Limited
Companies
Cooperatives(awarded
contracts by the
government, semigovernment bodies,
local councils and
private companies
recognised by Bank
Rakyat)
listed com
Bai-Bitha
Murabaha
AlInah
All busin
such as p
limited co
and coop
Financing of up to 80% of the Financing
contract cost
80% of t
cost.
cost.
Repayment Period
Maximum
10 Maximum
years
months
6 Not more than 6 months after Maximum
after the contract expired **
completion date
COMMENT
Actually a few Bank Rakyat product that does not in state here like property
Islamic loan, hire purchase loan for capital business vehicle and loan for small business
and medium. Product selection above is follow interest and try to answer question and
assignment in give. Is based on schedule above facility for bank loan commercial people
bank more focused to loans for small company and medium, they are because the
majority of his client comes with this level.
From other aspect, product diversification, business products still further and
quite slowly compared to other banks. Till information in display through Bank Rakyat
official website, there were some those products no in offer by people bank but important
in business deal among them such as credit guarantee products, facility overdraft etc
after the
of the con
Performance Bank Rakyat
FINANCING AND ADVANCES
Term financing Personal
Financing Revolving
Credit facilities Housing
Financing
Hire-purchase receivables
Other financing
TOTAL
Non-members
Term financing
Personal financing
Revolving credit facilities
Housing financing
Hire-purchase receivables
Lease receivables
Bridging
Pawn broking
Credit Card
2008
2009
RM000
RM000
RM000
597,916
21,421,962
584
5,315,070
619,240
109,965
541,510
16,264,893
693
5,656,648
702,432
95,099
28,064,737
23,261,275
56,406
5,157,069
(109)
(341,578)
(83,192)
14,866
4,803,462
10.42%
31.71%
-15.73%
-6.04%
-11.84%
15.63%
20.65%
3,352,089
11,187,309
44,571
2,914,107
915,281
123,350
734,584
565,083
1,988,303
6,089,586
3,408
2,637,577
979,192
93,201
594,694
328,615
1,363,786
5,097,723
41,163
276,530
-63,911
30,149
139,890
236,468
68.59%
83.71%
1207.83%
10.48%
-6.53%
32.35%
23.52%
71.96%
19,906,301
12,714,576
69,927
7,191,725
69927.00%
56.56%
172,119
4,020,699
133,846
213,449
202,866
25,206,866
465,337
1,396
6,637
993,411
100,598
4,269,063
63,956
170,701
47,014
18,985,535
167,291
1,437
7,454
582,432
71,521
-248,364
69,890
42,748
155,852
6,221,331
298,046
-41
-817
410,979
71.10%
-5.82%
109.28%
25.04%
331.50%
32.77%
178.16%
-2.85%
-10.96%
70.56%
599,126
84,202
19,311
227,503
87,890
15,133
32,119,265
24,726,007
371,623
-3,688
4,178
7,393,258
163.35%
-4.20%
27.61%
29.90%
69,927
TOTAL
Agriculture
Purchase of landed property
General commerce
Purchase of securities
Purchase of transport vehicles
Consumption credit
Manufacturing
Mining and quarry
Electricity, gas and water
Construction
Finance, insurance, property and business
services
Community, social services and personal
Others
TOTAL
SOURCE: ANNUAL REPORT BANK RAKYAT 2008
(-)/+
ANALYSIS INDUSTRY
