PETALING JAYA: Public Bank Bhd, the country’s second largest bank by market capitalisation, began the financial year of 2020 (FY20) with a 5.7% year-on-year (y-o-y) fall in net profit for the first quarter.
While its loans and deposits continued to expand in the January-March 2020 period, the pace of growth was slower due to the market slowdown and the Covid-19 pandemic.
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