PETALING JAYA: Public Bank Bhd
expects steady domestic growth amid persistent global uncertainties as the banking group celebrates its 60th anniversary with a continued focus on resilience and disciplined execution.
Globally, economic expansion is projected to moderate amid the uncertain impact of US tariffs, softer trade growth and ongoing geopolitical risks.
While advanced economies are expected to remain stable, growth in emerging markets could ease with downside risks including renewed trade tensions, fiscal imbalances and financial market volatility, said the country’s third largest banking group in its annual report published yesterday.
Inflation is seen moderating while labour market conditions are improving.
Against this backdrop, Malaysia’s outlook remained relatively firm underpinned by domestic demand, investment flows and supportive policy measures, it pointed out.
Public Bank chairman Lai Wan said: “On the domestic front, Malaysia’s economic fundamentals remain sound. Supported by the strong efforts of the government and Bank Negara Malaysia, the nation’s stable economic growth is expected to continue into 2026.”
Household spending, backed by employment and wage growth, is expected to anchor expansion, while infrastructure projects under the 13th Malaysia Plan and initiatives such as the New Industrial Master Plan 2030 are set to drive investment and manufacturing activity.
Export growth, particularly in electrical and electronics could benefit from the continued expansion of the global technology sector.
Malaysia’s banking sector is expected to remain stable, supported by strong capital and liquidity buffers, prudent risk management and ongoing digital transformation.
Loan growth is likely to remain steady across both household and business segments, while asset quality is intact.
Managing director and chief executive Tan Sri Tay Ah Lek said the country’s outlook is encouraging and the group would remain anchored to prudence, professionalism and integrity.
“Public Bank remains committed to strengthening its reputation as a bank built on trust.
“With strong fundamentals, disciplined execution, and the confidence of its stakeholders, the group will continue building growth and strengthening trust,” he said.
Lai and Tay highlighted the significance of the group’s 60-year milestone, describing it as a reflection of long-term resilience and stakeholder trust.
Lai said the bank would “stay focused on strengthening a culture of trust and continue delivering lasting value.”
Tay emphasised its commitment to strengthening its reputation through “strong fundamentals” and “disciplined execution.”
Despite potential headwinds, Public Bank said it would continue leveraging its core strengths and forward-looking strategies to navigate uncertainties, while maintaining its role in supporting economic resilience and long-term growth.
