Public Bank
Public Bank is a Malaysian bank based in Kuala Lumpur. It is currently one of the biggest banks in Southeast Asia, with over $91b in assets and $18b market capitalization.
It is the largest bank in Malaysia by shareholders' funds; second largest by market capitalization, just behind Maybank; and third largest by total assets, behind Maybank and CIMB.
The bank currently has a network of 259 branches and over 2000 self terminals in Malaysia alone.
Public Bank's LPI Capital purchase may boost earnings, ROE
Public Bank's LPI Capital purchase may boost earnings, ROE
MGO is unlikely to be accepted by shareholders due to its ‘steep’ 25% price discount.
Malaysia’s Public Bank acquiring all shares of insurer LPI Capital
It will buy a 44.15% equity interest in the insurer for RM1.72b, and then extend a mandatory general offer.
Public Bank commits $229.7m financing for SMEs
Public Bank is the largest financier of SMEs in Malaysia based on market share.
Hong Kong banks ramped up hiring but investment bankers laid off
Trade and private bankers are most in demand, although banks are cautious.
Property and transport loans drag down Public Bank HK’s profits
Minibus and taxi licenses made up over 40% of PBHK’s loans.
Alipay+ enables QR payments in Mongolia for 12 foreign e-wallets
The e-wallets are from SEA, East Asia, and Italy.
Public Bank’s net profits down 3.5% to $351.94m in Q1
Total loans and deposits grew in Q1 compared to Q4 2023.
Alipay+ enables 14 foreign e-wallets to pay in Hong Kong
About 90% of HK merchants now accept payments using foreign e-wallets.
Public Bank net profits up 8.7% in 2023; 10 sen interim dividend proposed
Total dividend is 19 sen per share for 2023, to be paid out on 22 March.
Public Bank net profit up 14.3% to $1.08b in 9M 2023
Total loans rose faster than the Malaysian banking industry average.
Public bank ties up with gov’t to finance SMEs
Domestic exposure for SME-based commercial lending is equivalent to an 18.6% industry market share.
Public Bank posts 18% YoY net profit growth for 1H 2023
Its overseas operations accounted for 7.8% of the overall earnings.
Public Bank ties with PRO-NET, bolster presence in NEV industry
The bank commits NEV lending to reach RM33b by 2025.
Malaysia’s Public Bank extended $2.6b 'affordable home' loans in 2022
The bank has given out RM67b in commercial loans to Malaysian SMEs.
Malaysia's Public Bank funds $262,000 to eco-schools programme
The programme aims to promote climate education in schools using a project-based learning approach.
Public Bank unveils PB SecureSign in major security overhaul
This is in line with the bank’s commitment to boost cyber protection.
Public Bank posts 22.6% net profit surge in Q1
It expects market volatility to be heavily influenced by US and EU banking environment.