Steady performance by Public Bank

“The Public Bank Group’s sound fundamentals and business strengths in its core lending and deposit business continued to support the group’s financial performance,” said group founder, chairman emeritus, director and adviser Tan Sri Teh Hong Piow in a statement.

KUALA LUMPUR: Public Bank Bhd recorded a net profit of RM5.66bil in the financial year ended Dec 31, 2021 (FY21), a 16.11% improvement over RM4.87bil in the previous year.

The financial services group reported revenue of RM19.62bil, which was slightly lower than RM20.3bil in 2020.