Public Bank: Succession plan ongoing

Strong turnout: About 5,600 shareholders and investors turned up at Public Bank Bhd’s 49th AGM in Kuala Lumpur yesterday. YAP CHEE HONG / Starpix

KUALA LUMPUR: Public Bank Bhd, the country’s second most expensive bank in terms of market value after Malayan Banking Bhd, is in no hurry to name younger candidates to its aging board.

In the meantime, the bank will keep to markets where it already has a presence and focus on organic expansion to sustain future earnings growth.