PETALING JAYA: Public Bank Bhd, the country’s second largest lender by market value, recorded a net profit of RM1.41bil in the fourth quarter ended Dec 31,2019.
The net profit for the three-month period, which was flattish on a year-on-year (y-o-y) basis, was weighed down by higher other operating expenses – which is in tandem with increased business activities; increased allowance for impairment on loans, advances and financing; as well as higher tax expense and zakat.
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