Public Bank net profit dips 3.5% to RM1.65bil in 1Q

Public Bank Bhd managing director and chief executive officer Tan Sri Dr Tay Ah Lek.

KUALA LUMPUR: Public Bank Bhd (PBB), which saw its net profit dip 3.5% in the first quarter ended March 31 (1Q24), will remain vigilant in its business approach and maintain its prudent risk profile to weather ongoing risks.

“Tapping on the improved economic outlook, the group will continue to take a proactive approach to embracing growth opportunities. The group will also continue to pursue digital transformation and further step up its ESG efforts to remain relevant in today’s dynamic business environment,” managing director and chief executive officer Tan Sri Tay Ah Lek said in a statement.