Public Bank net profit up 13% to RM1.2bil

Teh(filepic):

PETALING JAYA: Public Bank Bhd’s (PBB) net profit was up 13.29% to RM1.2bil on the back of a 16.72% jump in revenue to RM4.74bil for its second quarter to June 30.

The better earnings were mainly due to a healthy growth in loans and deposits, and stable asset quality. Gains arising from foreign exchange fluctuations in respect to the group’s foreign operations had also partially contributed to the profit growth for the period.