Type Public Industry Banking and Finance Founded 1966 | Products Financial Services | |
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Revenue RM19.18 billion(US$4.81 billion) (2015) Stock price PBBANK (KLSE) MYR 19.94 +0.02 (+0.10%)29 Mar, 4:59 PM GMT+8 - Disclaimer CEO Tan Sri Dato' Sri Tay Ah Lek (1 Jul 2002–) Profiles | ||
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.
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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.
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").
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.
Public Bank currently has a network of 259 branches and 1,801 self-service 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 83 branches), 1 subsidiary in Cambodia (Cambodian Public Bank Plc, with 27 branches), 1 subsidiary in Vietnam (Public Bank Vietnam Limited, with 7 branches), 4 branches in Laos, 3 branches in China and 3 branches in Sri Lanka.
In total, the company serves more than 9 million customers in countries where it operates.
Malaysia
Hong Kong
Cambodia
Vietnam
Main competitors
Board of Directors
Public Bank Board of Directors
- Tan Sri Dato' Sri Dr. Teh Hong Piow (Non-executive Chairman)
- Tan Sri Dato' Sri Tay Ah Lek (Managing Director)
- Dato' Sri Lee Kong Lam (Deputy Chairman, Executive Director)
- Dato' Yeoh Chin Kee (Independent Non-Executive Director)
- Dato' Haji Abdul Aziz bin Dato' Dr. Omar (Independent Non-Executive Director)
- Quah Poh Keat (Independent Non-Executive Director)
- Tang Wing Chew (Independent Non-Executive Director)
- Lai Wan (Independent Non-Executive Director)
- Lai Wai Keen (Independent Non-Executive Director)