What is bank rakyat?

Ground part of former Bank Rakyat building at Jalan Tangsi, Kuala
Lumpur in April
2013

Bank Kerjasama Rakyat Malaysia Berhad (Jawi: بڠک کرجاسام رعيت مليسيا برحد) or Bank Rakyat (Jawi: بڠک رعيت) was established on 28 September 1954 under Ordinance Cooperation’s Act 1948, regulated by Bank Negara Malaysia (BNM) under Development Financial Institutions Act (DAFIA 2002), Ministry Of Entrepreneur Development and Cooperatives (MEDAC) and Cooperatives Commission of Malaysia.

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