Cooperative bank for personal financing

PETALING JAYA: Bank Rakyat (Bank Kerjasama Rakyat Malaysia Bhd) generally falls under the jurisdiction of the Domestic Trade, Cooperatives and Consumerism Ministry.

This is because it is a co-operative bank and not a commercial bank, which falls under the purview of Bank Negara. It is one of the six development financial institutions (DFIs) in the country.