The Delegates at the 28th Annual General Meeting decided to declare a Dividend of 4% for the year 2013.
With the enforcement of the Financial Services Act 2013, the Central Bank of Malaysia (BNM) imposed regulated lending on all lending cooperatives. The imposition of the Debt Servicing Ratio (DSR) along with other lending guidelines made lending very restricted and controlled.
KoperasiBank’s core business was affected and our profits were substantially reduced.
This is a temporary setback which we will find a solution around.
Although the dividend declared for 2013 is not very encouraging we hope you would continue to give KoperasiBank your undivided support.