Recently, Co-opbank (CBP) launched its new logo and mobile banking services that was officiated by Entrepreneur Development Minister, YB Datuk Seri Mohd Redzuan Yusof.
This new logo is an extension of the re-branding and change of CBP name to Co-opbank Pertama since September 2018. This new rebranding is able to provide a platform for strengthening and establishing the company’s identity as the leading Syariah co-operative bank in Malaysia. At the same event, the CBP Mobile Banking Services was also launched as one of the initiatives and strategies to enhance the accessibility of banking activities to CBP customers, especially in areas far from the existing branches.
“This is one of the CBP’s strategic initiatives in expanding the reach of our banking services to customers located in distant areas of the CBP branch,” said the Chairman of CBP, Haji Kamari Zaman Juhari.
Bank on Wheels
Furthermore, he mentioned that customers can make basic banking transactions such as additions, withdrawals and funds transfer without the need to go to the branch. The Mobile Bank will commence operations around the Klang Valley and Johor in early May 2019. CBP is also expected to launch a banking agent facility to diversify its banking facility access channel to customers in the fourth quarter of 2019.
During the speech, YB Datuk Seri Mohd Redzuan also stated that MED is reviewing the proposed amendments to the Cooperative Act 1993 and the Cooperative Commission Malaysia Act 2007 so that the amendments are in line with the Government’s direction to increase cooperative contribution to GDP and to ensure cooperatives remain relevant and competitive to national development.
“As we know, the journey of CBP as a cooperative is unique from a small farming cooperative that has grown rapidly and is now supported by a membership of 85,000 members with 22 branches nationwide”. He also believes the success of CBP will be a catalyst for the spirit of competitiveness among other local cooperatives. as well as the preservation of CBP as the first co-opbank in Malaysia.
The launch of this logo was also attended by the Secretary General of the Ministry of Entrepreneur Development, YBhg Datuk Wan Suraya Wan Mohd Radzi, Executive Chairman of the Malaysian Cooperative Commission and more than 400 representatives of co-operatives in Malaysia.