ADVERTISEMENT

Public Bank Q4 net profit down 5%


“The competition for loans and deposits in the banking sector was highly intense in 2018,” its founder and chairman emeritus Tan Sri Teh Hong Piow said

“The competition for loans and deposits in the banking sector was highly intense in 2018,” its founder and chairman emeritus Tan Sri Teh Hong Piow said

PETALING JAYA: Public Bank Bhd started the results season rolling for banks, reporting a 5% decline in net profit to RM1.405bil for the fourth quarter ended Dec 31, 2018.

The bank said this came as income from its key retail and hire purchase businesses declined.

   

ADVERTISEMENT