KUALA LUMPUR: CIMB Equities Research said Public Bank’s net profit growth of 13.8% on-year in the third quarter ended Sept 30, 2014 (3Q14) was the strongest in the past three years.
It said on Friday this was underpinned by (1) stabilisation of the net interest margin, as a result of the bank's active asset-liability management to expand its loans faster than deposits, and (2) a 54.8% on-year plunge in loan-loss provisioning (LLP).
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