“The ongoing moratorium option for customers will reduce our profits. All banks have given about RM5.7bil of loans moratorium. We are sacrificing for our customers, ” chairman Datuk Abd Rani Lebai Jaafar said at a briefing.
PETALING JAYA: Bank Rakyat reiterated that it is still in a “strong position” despite the Covid-19 pandemic expected to have an impact on its profits this year.
The Islamic cooperative bank may see its dividends lessened this year on the challenging outlook.
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