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 Menara Public Bank, Public Bank Berhad headquarters inKuala Lumpur,Malaysia. | |
| Company type | Public limited company |
|---|---|
| MYX:1295 | |
| ISIN | MYL1295OO004 |
| Industry | Banking and finance |
| Founded | 1966; 60 years ago (1966) |
| Founder | Teh Hong Piow |
| Headquarters | Kuala Lumpur,Malaysia |
Area served | Asia-Pacific |
Key people |
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| Products | Financial services |
| Revenue |  RM22.45 billion(US$5.49 billion) (2019)[1] |
| RM7.13 billion (US$1.74 billion) (2019)[1] | |
 RM5.51 billion(US$1.35 billion) (2019)[1] | |
| Total assets | RM432.8 billion (US$105.82 billion) (2019)[1] |
Number of employees | >18,000[2] |
| Website | www |
Public Bank Berhad (MYX:1295) is abank based inKuala Lumpur,Malaysia, offering financial services in Malaysia as well as theAsia-Pacific region.
The bank was founded in 1966 byTeh Hong Piow, the then general manager ofMalayan Banking. The bank was listed on the Malaysian Stock Exchange in 1967.
Public Bank is currentlyone of the largest banks in Southeast Asia, with over RM 363.76 billion (US$91.26 billion) of assets and RM71.90 billion (US$18.04 billion) inmarket capitalization in 2015.
Public Bank is the largest bank in Malaysia by shareholders' funds, second largest bymarket capitalization, just behindMaybank and third largest by total assets, behindMaybank andCIMB.[3][4]
Public Bank currently offers a comprehensive range of financial products and services which includepersonal banking,commercial banking,Islamic banking,investment banking,share broking, trustee services, nominee services, sale and management of unit trust funds,bancassurance and general insurance products. Public Bank's strategy is centered on growth in theretail banking business particularly on the retail consumers and small and medium enterprises ("SMEs").[5]
The Public Bank Group is well known for its strong financial performance and consistent prudent management. It is consistently accorded with strong credit and financial ratings from local and foreign rating agencies. Public Bank gained a long-term rating of AAA the Rating Agency Malaysia. It is the highest rating accorded by Rating Agency Malaysia. It also received a short-term rating of P1 with stable outlook.Standard & Poor's reaffirmed Public Bank's A− long-term rating and A-2 short-term counterparty credit rating with stable outlook.Moody's Investors Service reaffirmed Public Bank's foreign currency long-term deposit rating of A3 and short-term deposit rating of P-2 with stable outlook.[6]
Public Bank currently has a network of 259 branches and over 2000 self terminals inMalaysia. The company also has its presence in theAsia-Pacific region with a network of 1 subsidiary inHong Kong (Public Bank (Hong Kong) Limited, with 79 branches), 1 subsidiary inCambodia (Cambodian Public Bank Plc, with 30 branches), 2 subsidiaries inVietnam (Public Bank Vietnam Limited, with 12 branches), 4 branches inLaos, 3 branches inChina and 3 branches inSri Lanka.[7]
In total, the company serves more than 9 million customers in countries where it operates.[8]
