THE next five years will be crucial for Bank Rakyat as it looks to keep itself relevant amid a fast-changing landscape that will also see rival development financial institutions (DFI) merging in order to compete better. And, as banks everywhere delve deeper into digitisation, Bank Rakyat hopes to catch up. “So, Bank Rakyat will certainly have to play a role there. This does not mean we won’t grow PF — it’s just that we want smaller, single-digit growth of 3% to 4% each year. Will the merged entity pose a major threat to Bank Rakyat?

Source: The Edge Markets February 25, 2020 09:00 UTC