Prime Minister Anwar Ibrahim praised cooperatives as a key tool for helping Malaysians improve their lives. He said these groups especially help people in the B40 income bracket and small business owners. The government wants to keep supporting cooperatives as they drive economic growth for ordinary people. Anwar made these comments during the opening of the new Wisma Co-Opbank Pertama building. His speech was read by Entrepreneur Development Minister Ewon Benedick.
Malaysia has more than 16,000 registered cooperatives with over 7.2 million members as of December 2024. Co-Opbank Pertama hit record profits of RM124.29 million last year and holds total assets worth RM12.84 billion. The prime minister congratulated the bank on its strongest financial performance since it started. He said the cooperative represents more than just banking and shows the economic struggle of Malaysian people. The institution follows Islamic principles and focuses on helping communities.
The new 13-storey Wisma CBP building sits in Kampung Baru and marks the bank's 75th anniversary. Officials opened the facility on June 7 as a symbol of the cooperative's strength and progress. Anwar believes the new headquarters will help showcase cooperative achievements across the country. The building should encourage more people to join the cooperative movement. Leaders expect the facility to boost community participation and help Malaysia's social and economic development.
Malaysia has more than 16,000 registered cooperatives with over 7.2 million members as of December 2024. Co-Opbank Pertama hit record profits of RM124.29 million last year and holds total assets worth RM12.84 billion. The prime minister congratulated the bank on its strongest financial performance since it started. He said the cooperative represents more than just banking and shows the economic struggle of Malaysian people. The institution follows Islamic principles and focuses on helping communities.
The new 13-storey Wisma CBP building sits in Kampung Baru and marks the bank's 75th anniversary. Officials opened the facility on June 7 as a symbol of the cooperative's strength and progress. Anwar believes the new headquarters will help showcase cooperative achievements across the country. The building should encourage more people to join the cooperative movement. Leaders expect the facility to boost community participation and help Malaysia's social and economic development.
