PETALING JAYA: Non-bank financial institutions generally do not attract as much interest like their banking counterparts.
However, the salary hike for civil servants from December may put RCE Capital Bhd
on the radar.
The company, which is majority-owned by banker Tan Sri Azman Hashim via his private vehicle Cempaka Empayar Sdn Bhd, provides personal financing with its customers being civil servants.
The government had announced that civil servants’ salaries are to rise by more than 13% from Dec 1, 2024, which will cost over RM10bil per year.
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