Who really controls Public Bank and Hong Leong Bank?

Controller: Bank Negara keeps a close watch on the banking industry. In some ways, it has a rein on shareholding changes in Public Bank.

A QUESTION popped up during a dinner conversation with a group of bankers – Who owns Public Bank Bhd?

The almost instant answer that popped up was – Tan Sri Teh Hong Piow. That was the obvious owner, considering the billionaire banker owns 23.4% of the third-largest bank in the country and was worth some RM21.55bil as of the end of last year.