![]() In FY2020, Bank Rakyat’s PF business saw sizzling year-on-year growth of 6.9% - the strongest in six years - before a more tepid 0.9% in FY2021.īank Rakyat is by far the biggest player among banks in the personal loans/financing space. ![]() This represents a year-to-date (YTD) decline of 1.5%, even as personal loans/financing in the banking system grew 1.6% over the same period. The Islamic lender, which only recently released its financial results for the second quarter of the year ending (2QFY2022), saw the PF business - which makes up 74.3% of its overall financing - come in at RM59.01 billion. BANK Kerjasama Rakyat Malaysia Bhd (Bank Rakyat), the country’s largest development financial institution (DFI), looks to be putting the brakes on the growth of its personal financing (PF) business, which has for years been its mainstay.
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