Public Bank Berhad

Public Bank Berhad (MYX: 1295) is a bank based in Kuala Lumpur, Malaysia, offering financial services in Malaysia as well as the Asia-Pacific region.

Public Bank Berhad
TypePublic limited company
MYX: 1295
ISINMYL1295OO004
IndustryBanking and finance
Founded1966
FounderTeh Hong Piow
HeadquartersKuala Lumpur, Malaysia
Area served
Asia-Pacific
Key people
  • Lai Wan
    (chairman)
  • Tay Ah Lek
    (managing director & CEO)
ProductsFinancial services
RevenueIncrease RM22.45 billion
(US$5.49 billion) (2019)[1]
Increase RM7.13 billion
(US$1.74 billion) (2019)[1]
Decrease RM5.51 billion
(US$1.35 billion) (2019)[1]
Total assetsIncrease RM432.8 billion
(US$105.82 billion) (2019)[1]
Number of employees
>18,000[2]
Websitewww.pbebank.com

The bank was founded in 1966 by Teh Hong Piow, the then general manager of Malayan Banking. The bank was listed on the Malaysian Stock Exchange in 1967.

Public Bank is currently one of the largest banks in Southeast Asia, with over RM 363.76 billion (US$91.26 billion) of assets and RM71.90 billion (US$18.04 billion) in market capitalization in 2015.

Public Bank 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.[3][4]

Public Bank currently offers a comprehensive range of financial products and services which include personal banking, commercial banking, Islamic banking, investment banking, share broking, trustee services, nominee services, sale and management of unit trust funds, bancassurance and general insurance products. Public Bank's strategy is centered on growth in the retail banking business particularly on the retail consumers and small and medium enterprises ("SMEs").[5]

Operations

The Public Bank Group is well known for its strong financial performance and consistent prudent management. It is consistently accorded with strong credit and financial ratings from local and foreign rating agencies. Public Bank gained a long-term rating of AAA the Rating Agency Malaysia. It is the highest rating accorded by Rating Agency Malaysia. It also received a short-term rating of P1 with stable outlook. Standard & Poor's reaffirmed Public Bank's A- long-term rating and A-2 short-term counterparty credit rating with stable outlook. Moody's Investors Service reaffirmed Public Bank's foreign currency long-term deposit rating of A3 and short-term deposit rating of P-2 with stable outlook.[6]

Public Bank currently has a network of 259 branches and over 2000 self terminals in Malaysia. The company also has its presence in the Asia-Pacific region with a network of 1 subsidiary in Hong Kong (Public Bank (Hong Kong) Limited, with 79 branches), 1 subsidiary in Cambodia (Cambodian Public Bank Plc, with 30 branches), 1 subsidiary in Vietnam (Public Bank Vietnam Limited, with 12 branches), 4 branches in Laos, 3 branches in China and 3 branches in Sri Lanka.[7]

In total, the company serves more than 9 million customers in countries where it operates.[8]

Subsidiaries
Public Bank branch at Wing On Building, Hong Kong

Malaysia
  • Public Islamic Bank
  • Public Investment Bank
  • Public Mutual Berhad
  • Public Bank (Labuan)
  • PB Trustee Services

Hong Kong

Cambodia
  • Cambodian Public Bank Plc
  • Campu Lonpac Insurance Plc
  • Campu Securities Plc

Vietnam

See also

References
  1. "Public Bank (PBB)'s and PBB Group's Audited Results for the Fourth Quarter and Financial Year Ended 31 December 2019". publicbankgroup.com. Archived from the original on 12 March 2020. Retrieved 26 February 2020.
  2. "Corporate Profile at official website of Public Bank".
  3. "Top 5 Biggest Banks in Malaysia". Archived from the original on 4 July 2015. Retrieved 4 July 2015.
  4. "Banks in Malaysia". Banks around the World.
  5. "Public Bank's Official website".
  6. Public Bank Berhad. "Corporate Profile". About Us. Retrieved 16 August 2016.
  7. "Official website of Public Bank".
  8. "Official website of Public Bank".
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.