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Public Bank Berhad

Public Bank Berhad
大众银行(Chinese)
பப்ளிக் நிதியகம் (Tamil)
Public
Traded as MYX:
Industry Banking and Finance
Founded 1966
Founder Tan Sri Teh Hong Piow
Headquarters Kuala Lumpur, Malaysia
Area served
Asia-Pacific
Key people
Tan Sri Teh Hong Piow, Group Chairman
Products Financial Services
Revenue Increase RM19.18 billion
(US$4.81 billion) (2015)
Increase RM6.63 billion
(US$1.66 billion) (2015)
Increase RM5.06 billion
(US$1.27 billion) (2015)
Total assets Increase RM363.76 billion
(US$91.26 billion) (2015)
Number of employees
>18,000
Website www.pbebank.com

Public Bank Berhad (MYX: ) is a bank based in Kuala Lumpur, Malaysia offering financial services in Malaysia as well as the Asia-Pacific region.

The bank was founded in 1966 by Teh Hong Piow, the then general manager of Malayan Banking. The bank was listed on the Malaysian Stock Exchange in 1967.

Public Bank is currently one 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) in market capitalization in 2015.

Public Bank is the largest bank in Malaysia by shareholders' funds, second largest by market capitalization, just behind Maybank and third largest by total assets, behind Maybank and CIMB.

Public Bank currently offers a comprehensive range of financial products and services which include personal banking, commercial banking, Islamic banking, investment banking, , 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 the retail banking business particularly on the retail consumers and small and medium enterprises ("SMEs").

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.


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