Public Bank FY16 revenue hits RM20bil mark

In a statement, Public Bank founder and chairman Tan Sri Dr Teh Hong Piow(inset) said for the full year, the total dividends paid and payable amounted to RM2.24bil or 43% of the group

PETALING JAYA: Public Bank Bhd’s full-year revenue broke the RM20bil mark for the financial period ended Dec 31, 2016 (FY16), underpinned by continued growth in the net interest income and fee and commission income.

The banking group’s net profit for FY16 grew to RM5.2bil on the back of RM20.1bil in revenue. In comparison, it reported a net profit and revenue of RM5.06bil and RM19.18bil, respectively, in FY15.