In a statement issued yesterday, it said net profit rose by 39% to RM1.39bil mainly due to the one-off Day One net modification loss related to Covid-19 relief measures amounting to RM498.4mil recognised in the second quarter and lower negative effect of the overnight policy rate (OPR) reductions in the second quarter. (Filepic a branch of Public Bank)
KUALA LUMPUR: Public Bank Bhd
recorded strong sequential earnings growth in the third quarter ended September of RM1.39bil and an improvement from a year ago, boosted by higher income from investments, stock broking, fund management and Islamic banking.
In a statement issued yesterday, it said net profit rose by 39% to RM1.39bil mainly due to the one-off Day One net modification loss related to Covid-19 relief measures amounting to RM498.4mil recognised in the second quarter and lower negative effect of the overnight policy rate (OPR) reductions in the second quarter.
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