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Bank Rakyat Eyes Banking Business Prospects In Brunei

News From : DagangHalal.com (21 Apr 2010)

KUALA LUMPUR, April 21 (Bernama) — Bank Rakyat will conduct a study on the banking business potential in Brunei, says its Managing Director Datuk Kamaruzaman Che Mat.

He said bank officials would be sent to the oil-rich sultanate next month to speak to the relevant authorities.

“We’ll focus on prospects of the banking business and the potential for the Ar-Rahnu syariah-compliant Islamic pawn broking concept,” he told reporters after launching the bank’s Creativity and Innovation Day Wednesday.

Earlier this month, Domestic Trade, Cooperative and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said Bank Rakyat had been invited to open a branch in Brunei.

The offer to the cooperative bank was made by a government official during his visit to Brunei.

Meanwhile, Kamaruzaman said Bank Rakyat had allocated RM70 million for information technology (IT) systems expenditure this year.

He added the investment would be used to improve the current IT system to enable Bank Rakyat to operate more efficiently for the benefit of customers.


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