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'PB Super FD' Gets Even Better - Public Bank Launched 'PB Super FD Rates' Campaign

For Immediate Release

17 February 2014

'PB Super FD' Gets Even Better - Public Bank Launched 'PB Super FD Rates' Campaign

Due to overwhelming response by customers, ‘PB Super FD Rates’ campaign is back to reward our loyal customers. The campaign is open to all new and existing Public Bank individual customers from 28 January to 30 June 2014.

The campaign is suitable for customers who are looking for long-term FD placement with higher step-up interest and yet receive regular monthly interest payment.

The ‘PB Super FD Rates’ campaign offers step-up fixed deposit rates to as high as 8.88% p.a. to individual customers. To participate in the campaign, individual customers are required to place a minimum of RM30,000 fresh funds. From the total placement amount, 80% would be placed under 1-Month PLUS Fixed Deposit (PLUS FD) auto-renewable for 12 consecutive months at a step-up rate whilst 20% of the funds would be deposited into the PLUS Savings Account earning interest at the current prevailing rate. Each individual customer is allowed to place up to a maximum of RM3 million under the campaign.

This campaign also provides customers the flexibility to withdraw the fixed deposit at any time and customers are still entitled to the prevailing 1-month PLUS FD counter rate without any penalty. With this flexibility, customers will save with Public Bank to grow their monies while having a peace of mind in case they require the funds urgently before the end of the 12-month period.

The above campaign is a continuous effort by the Bank to enable customers to enjoy more benefits while saving with the Bank.

To find out more about this Campaign, customers are invited to meet our customer service representatives at any of our branches, log on to Public Bank’s website at www.pbebank.com or call toll-free line at 1-800-22-9999 during normal working hours. Terms and conditions apply.

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Public Bank Group Exceeded The RM4 Billion Mark In Net Profit Attributable To Shareholders For 2013 And Declares Second Interim Dividend Of 30 Sen

For Immediate Release

5 February 2014

Public Bank Group Exceeded The RM4 Billion Mark In Net Profit Attributable To Shareholders For 2013 And Declares Second Interim Dividend Of 30 Sen

Chairman’s Review

The performance of the Public Bank Group continued to strengthen following another favourable set of financial results in 2013. The Founder and Chairman of Public Bank, Tan Sri Dato’ Sri Dr. Teh Hong Piow is pleased to announce that “The Public Bank Group recorded a pre-tax profit of RM5.31 billion in 2013, representing a growth of 5.2% as compared to 2012. The Group’s net profit attributable to shareholders grew by 6.2% to RM4.06 billion, exceeding the RM4 billion mark for the first time.”

Tan Sri Teh commented that “We are deeply encouraged that the Group continued to be in the forefront amongst its banking peers in Malaysia, achieving the highest return on equity of 22.4% while maintaining the lowest gross impaired loan ratio of 0.7% and cost to income ratio of 30.7% in 2013.”

Tan Sri Teh added that, “In view of the Group’s favourable performance in 2013, we are pleased to announce that the Board of Directors has declared a second interim single-tier dividend of 30 sen. Together with the first interim single-tier dividend of 22 sen which was paid in August 2013, the total dividend for 2013 is 52 sen.” The total dividend paid and payable for 2013 amounts to RM1.82 billion and represents a total payout of 44.8% of the Group’s net profit for 2013.

Sustaining Strong Double-Digit Growth in Loans and Customer Deposits

Tan Sri Teh commented that, “Despite experiencing prolong external uncertainties, the Malaysian economy remained largely resilient throughout 2013, supported by strong domestic demand that continued to drive growth in the economy. From the perspective of the banking industry, intense competition amongst banks for market share and changes in the regulatory requirements continued to put pressure on pricing of products amid operating in a more regulated business environment.

Against the backdrop, the Public Bank Group was not only able to record healthy double digit growth of 11.8% and 11.5% in loans and deposits respectively, but also sustaining its market share in its domestic core lending and deposit-taking business.”

In particular, the growth for domestic loans of 12.0% outpaced the domestic banking industry’s growth of 10.6%. Lending to the retail banking segment remained the main strategic focus of the Public Bank Group with extension of credit mainly to small and medium enterprises, purchasing of residential properties and passenger vehicles. As at the end of 2013, the Group’s retail loan portfolio collectively accounted for 86% of its total loans.

The Public Bank Group continued to sustain its market leadership position in domestic lending for residential mortgages, commercial property financing and passenger vehicles financing, with market shares for these key lending segments of 19.6%, 33.8% and 26.5% respectively. The Group’s lending to small and medium enterprises also recorded commendable growth of 19.2% in 2013.

The Public Bank Group’s funding position remained stable and healthy, supported by its strong retail deposit franchise of over five million customers. In tandem with its loan growth, domestic customer deposits grew by 11.6%, significantly higher than the domestic banking industry’s deposit growth of 8.5%, leading to an increased market share of 15.6% as at the end of 2013. The strong domestic deposit growth was mainly attributed to the steady inflow of fixed deposits and low cost savings and current accounts, which grew by 14.2%, 8.3% and 17.0% respectively.

Maintaining Growth in Fee-Based Income

In 2013, the net fee and commission income of the Public Bank Group grew by 9.4% as the Group focused its efforts to increase fee income from unit trust, bancassurance, foreign-exchange related transactions and transactional banking services.

 “The Group’s unit trust management business through its wholly-owned subsidiary, Public Mutual, recorded commendable performance with a 14.5% growth in pre-tax profit in 2013 as compared to 2012. As at the end of 2013, Public Mutual had 104 funds with total net asset value of RM62.5 billion under its management. Public Mutual remained as the market leader in the private unit trust business, capturing 41.2% of the overall market share as at the end of 2013, with 59.5% and 53.2% market share in the equity and Islamic unit trust fund sectors respectively.”  remarked Tan Sri Teh.

The strategic bancassurance partnership with AIA Group Ltd, following the acquisition by AIA of the ING’s insurance operations in Malaysia has also proven to be successful as it enables the Group to continue to provide life, health and investment-linked insurance products to its large customer pool in Malaysia and Hong Kong. In 2013, the Group achieved sales of bancassurance products, measured in terms of Annualised Premium Equivalent (“APE”) of RM121.1 million.

Observing Prudent Cost Discipline

Tan Sri Teh highlighted that, “The Public Bank Group remained as the most cost-efficient bank in Malaysia with its cost to income ratio of 30.7% in 2013 as compared to the banking industry’s average cost to income ratio of 46.6%.

To ensure cost sustainability amid the challenging operating business environment, the Public Bank Group will continue to observe prudent cost discipline, deploy adequate resources to review and improve its business processes, and ensure optimum utilisation of infrastructure to further enhance efficiency and productivity while ensuring strict compliance with internal operating standards and procedures.”

Preserving Asset Quality

“The Public Bank Group takes pride in being the Malaysian banking group with the lowest impaired loan ratio, despite recording consistent double-digit growth in its loan portfolio year after year and amid such challenging operating business environment. The strong asset quality in the Group’s loans portfolio is demonstrated with the Group recording a low gross impaired loan ratio of 0.7% as at the end of 2013, significantly lower as compared to the Malaysian banking industry’s gross impaired loan ratio of 1.9%. Net credit charges for 2013 also remained low at 0.17%.” commented Tan Sri Teh.

Tan Sri Teh added that, “The Public Bank Group's loan loss coverage ratio stood at 118.5%, which was higher and more prudent than the banking industry's average loan loss coverage ratio of 107.6%.”

The strong asset quality is a result of the Group’s consistency in adopting a combination of both preventive and proactive measures in its lending activities, such as setting strict and prudent credit policies, advocating strong discipline and “know your customer” culture in the credit assessment and approval process, and ensuring effective and efficient recovery processes.

Overseas Operations

For the year ended 2013, the Public Bank Group’s overseas operations contributed 6.6% of the Group’s overall pre-tax profit. Cambodian Public Bank Plc (“Campu Bank”), a wholly-owned subsidiary of Public Bank, reported a commendable growth in pre-tax profit of 8.0% to RM117.2 million in 2013, amid the challenging business environment, and remains as one of the top three largest banks in Cambodia.

Ensuring Healthy Capital Position

The Public Bank Group’s capital position remained healthy, with its common equity Tier I capital ratio, Tier I capital ratio and total capital ratio standing at 8.8%, 10.5% and 13.8% respectively as at the end of 2013.

Tan Sri Teh emphasised that “Public Bank will continue to be proactive in its capital management in order to ensure an optimum level of capital is maintained in support of the Group’s business growth strategies and maximising its shareholder value while balancing the need for higher capital retention as required by the Basel III standards.

As part of its capital management plan, Public Bank, had in 2013, issued a total of RM1.95 billion of Basel III-compliant subordinated medium-term notes which qualify as Tier II capital in support of the Group’s continued business growth.

Outlook

The outlook of the Malaysian economy, in which the Public Bank Group largely operates, continues to be stable and supportive of growth despite uncertainties from the vulnerable external economic conditions, and signs of moderation from certain sectors domestically. Likewise, intense competition amongst financial institutions for market share as well as the need for higher capital conservation due to the requirements of Basel III capital framework, will continue to put pressure on pricing of products and return on equity.

However, the Public Bank Group is well positioned to weather any uncertainties in 2014 and beyond. Tan Sri Teh remarked that, “Our strategies remain unchanged. The Public Bank Group will continue to focus on its key strength in core retail banking and financing business, whilst maintaining its prudent credit policies, as well as upholding strong corporate governance to support long term sustainable growth. The Group will continue to leverage on its strong PB brand and its wide and efficient branch network as well as its excellent customer service to deliver continuous revenue growth.

The Group is expected to maintain its earnings momentum and record satisfactory performance in 2014.”
 
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Y.Bhg. Tan Sri Dato' Sri Dr. Teh Hong Piow
Founder and Chairman of Public Bank

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Public Bank Launch BonusLink Campaign

For Immediate Release

17 December 2013

Public Bank Launch BonusLink Campaign

Public Bank is pleased to announce the launch of a BonusLink campaign namely ‘Public Bank Welcome Offer’ (Offer) to reward our loyal customers and encourage savings. This Offer is open to all new and existing customers who still do not have PB SaveLink (SALink) or PB CurrentLink (CALink) account. The Offer period is from 19 November 2013 to 17 February 2014.

This special offer allows customers to collect a guaranteed 200 BonusLink Points (BLP) for SALink or 300 BLP for CALink account open with Public Bank during the offer period. The minimum deposit required is only RM500 for SALink or RM3,000 for CALink respectively.

In addition to the guaranteed BLP from SALink and CALink, customers will be able to join the BonusLink ‘Race For Gold’ contest and be in the running to win a BonusLink Card made of Gold.

Both SALink and CALink are the only Savings and Current accounts in the country that offer BLP. Just save enough with Public Bank and you will be able to redeem exclusive gifts for yourself via BLP.

In addition to this, SALink rewards customers with both interest and BLP. Customers are entitled to value-added BLP on every ringgit they have in their accounts provided they keep a Monthly Average Credit Balance (MACB) of RM500 and above per month. Multi-tiered interests are calculated daily and credited monthly at month-end.

For CALink, customers will be rewarded with 0.06 BLP for every RM 1 of MACB when their MACB is maintained at RM500 and above every month. In addition, customers will be provided with a cheque book and a monthly statement to keep track of their expenditure. CALink is similar to any other current accounts whereby an introducer is required during account opening.

To find out more about the ‘Public Bank Welcome Offer’, customers are invited to meet our customer representatives at any of our branches, log on to Public Bank's website at www.pbebank.com or call at toll-free phone at 1-800-22-9999 during normal working hours. Customers can also log on to www.bonuslink.com.my for more information on BonusLink ‘Race For Gold’ contest. Terms and Conditions apply.

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Public Bank And Public Islamic Bank Activate Relief Assistance Programme For Customers Affected By Flood

For Immediate Release

10 December 2013

Public Bank And Public Islamic Bank Activate Relief Assistance Programme For Customers Affected By Flood

Public Bank and Public Islamic Bank are activating the Relief Assistance Programme for its customers and employees who have been affected by the recent flood in several states in Malaysia.

Public Bank Managing Director, Tan Sri Dato’ Sri Tay Ah Lek said today, “Similar to previous relief initiatives undertaken by Public Bank, the objective of this Relief Assistance Programme is to lend a helping hand in relieving the temporary financial hardship faced by the Bank’s affected customers. This Programme reaffirms Public Bank's commitment to corporate social responsibility as a corporate citizen.”

Relief Assistance for Affected Customers

For the affected individual and business customers, Public Bank is offering a six-month moratorium for the monthly instalment payments of loans and financing. The moratorium is effective December 2013 and is applicable to housing loans, hire purchase, credit cards and other loans and financing facilities.

In addition, Public Bank will, on a case-to-case and need basis, accommodate to requests by the affected customers to restructure their loans and financing and reschedule their monthly repayment to assist in their cash-flow situation over the medium term.

Public Bank will waive charges to affected customers who are seeking to replace their ATM cards, passbooks, cheque books or any banking related documents, which have been destroyed or lost in the flood.   

Public Bank will also work in collaboration with Lonpac Insurance Bhd, to facilitate and expedite claims to be made by the affected customers on insurance policies underwritten by Lonpac.

Financial Assistance for Staff

As a caring employer, Public Bank has provided special cash relief assistance to its affected staff and their families. The affected staff are being granted compassionate leave to enable them to attend to their domestic affairs.

Contacts

Affected customers who require the Relief Assistance Programme are advised to go to the Public Bank branch where they maintain their accounts or call the Bank’s toll-free number at 1800 22 555. For insurance claims related matters, affected customers can contact Lonpac at 03-2723 7704.

“Public Bank will continue to monitor the current flood situation in the affected states and will initiate further appropriate assistance to customers and staff should the situation warrants such need,” Tan Sri Tay added.

 

Tan Sri Dato’ Sri Tay Ah Lek
Managing Director

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For Immediate Release

2 December 2013

"Usher in The Year of The Horse with PB Golden Fortune" - Public Bank Offers 24K Gold-plated Gifts

In conjunction with the forthcoming Chinese New Year celebrations and due to overwhelming response by customers, ‘PB Golden Fortune’ campaign is back to reward our loyal customers. The campaign is open to all new and existing Public Bank customers from 1 December 2013 to 31 March 2014.
                               
There are three enchanting, beautiful 24K gold-plated gifts up for grabs this new year mainly themed on the year of the horse. To double up the celebration mood, a plus size gift namely “Majestic Horse and Auspicious Dragon” is introduced in addition to the two standard size gifts namely “Golden Fortune Horse” and “Golden Treasure Horse”. These gifts are exclusively designed where each gift represents a magnificent piece of gold craft that symbolizes longevity and prosperity. The gifts are limited edition and available while stock lasts.
                            
There are two packages i.e. Golden Package and Fortune Package for customers’ selection. Customers can either deposit in PLUS Current/Savings Account (PLUS CASA) or combine investments (Unit Trust Funds or Gold Investment Account) with Current/Savings Account in order to get the exclusive gift(s). Depending on the minimum investment/deposit amount, Golden Package offers one or two standard size gift(s) while the Fortune Package offers one plus size gift.

To meet customers' investment appetites, the Bank offers a wide range of Unit Trust funds to assist customers to achieve their financial goals through proper financial planning. Alternatively, gold or Gold Investment Account has remained a popular investment tool to hedge against inflation and safeguard wealth. There is also option for customers who simply want to grow their monies by just depositing in the PLUS CASA.

Riding on the festive mood of the upcoming auspicious Chinese New Year 2014, just select the package of your choice and be rewarded with the limited edition 24K gold-plated gift(s). Collect all three designs by signing up for multiple packages!

To find out more about the ‘PB Golden Fortune’ campaign, customers are invited to meet our customer representatives at any of our branches, log on to Public Bank's website at www.pbebank.com or call free phone at 1-800-22-9999 during working hours. Terms and conditions apply.

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Comments On The Budget 2014

For Immediate Release

25 October 2013

Comments On The Budget 2014

The 2014 Budget encompasses comprehensive initiatives with bold measures to consolidate the fiscal soundness of the country, strengthen the domestic economic activity and ensure the welfare of the Rakyat is not compromised. We would like to congratulate the Honourable Prime Minister and Minister of Finance for continuing the transformational theme in the 2014 Budget in driving Malaysia to become a high income nation. 

We welcome the Government’s firm commitment to continue to address the country’s fiscal challenge by further reducing the budget deficit from 4.0% of GDP in 2013 to 3.5% in 2014, through a combination of efforts in increasing revenue and controlling of expenditure of the Federal Government. We believe that the Goods and Services Tax (GST) will be implemented in a coordinated and efficient manner in order to minimise any undesirable impact to the Rakyat as well as in broadening the revenue base of the Federal Government.     

While pursuing continuous fiscal discipline, the proposed measures by the Government continue to promote economic development. The 2014 Budget will stimulate the momentum of economic growth as various initiatives are taken to increase private investment across broad-based economic sectors, which will further strengthen the country’s domestic fundamentals amidst the weak global growth.  In addition, the 2014 Budget demonstrates the Government’s concern for the people’s well-being amidst rising cost of living.  The Government’s continuous support on public health, home ownership and welfare will help ease the financial burden of the Rakyat.

On the GDP growth outlook, the projected growth rates of 4.5% - 5.0% for 2013 and 5.0% - 5.5% for 2014 remain respectable, considering major headwinds and downside risks in the external environment. With Malaysia’s strong economic fundamentals, coupled with the Government’s strong commitment of prudent fiscal management, we are confident the 2014 Budget will bring Malaysia towards a sustainable high income economy.
 

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Y.Bhg. Tan Sri Dato' Sri Dr. Teh Hong Piow
Founder and Chairman of Public Bank

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Public Bank Group Recorded Pre-Tax Profit Of RM3.97 Billion For The First Nine Months Of 2013

For Immediate Release

22 October 2013

Public Bank Group Recorded Pre-Tax Profit Of RM3.97 Billion For The First Nine Months Of 2013

Chairman’s Review

The Founder and Chairman of Public Bank, Tan Sri Dato’ Sri Dr. Teh Hong Piow is pleased to announce that, “The Public Bank Group delivered a favourable set of results in the first nine months of 2013 with pre-tax profit of RM3.97 billion, representing a growth of 5.7% as compared to the corresponding period in 2012. Net profit attributable to shareholders grew by 6.8% over the same period to RM3.04 billion.”

Tan Sri Teh commented that, “Despite the protracted external uncertainties, the Malaysian economy remained resilient in the first nine months of 2013, supported by strong domestic demand that continued to drive growth in the economy. The Public Bank Group recorded a healthy growth in both loans and deposits at an annualised rate of 12.0% and 13.2% respectively in the nine months ended September 2013.” 

Tan Sri Teh added that, “With the continued healthy growth in loans and deposits, coupled with stringent credit control and prudent cost management, the Public Bank Group continued to be in the forefront amongst its banking peers in Malaysia, achieving the highest net return on equity of 22.4%, lowest gross impaired loan ratio of 0.7% as well as lowest cost-to-income ratio of 30.7%.”

Stable Growth Momentum in Loan and Deposit

For the first nine months of 2013, the Public Bank Group recorded a strong annualised loan growth of 12.0%, with domestic loan growth of 12.1%, outpacing the domestic banking industry’s annualised loan growth rate of 9.8%.

Lending to the retail sector remained the main focus of the Public Bank Group with extension of credit mainly to small- and medium-sized enterprises (“SMEs”), financing of residential properties and purchase of passenger vehicles. As at 30 September 2013, the Group’s retail loan portfolio collectively accounted for 86% of its total loans.

Tan Sri Teh commented that, “With the continuous support of our valued customers, the Public Bank Group continued to command market leadership in domestic lending for residential mortgages, commercial property financing and passenger vehicles financing with market shares of 19.6%, 33.8% and 26.4% respectively.” The Group’s lending to SMEs also recorded commendable growth with an annualised growth rate of 19.8% in the first nine months of 2013.

Tan Sri Teh added that, “The Public Bank Group’s funding and liquidity position remained stable and healthy, supported by its strong retail deposit franchise with a large domestic depositor base of over 5 million customers.

In tandem with its loan growth, the Group’s total customer deposits grew at an annualised rate of 13.2% for the first nine months of 2013. The Group’s domestic customer deposits grew at a stronger annualised rate of 13.3%, higher than the domestic banking industry’s annualised growth rate of 8.1%, commanding a market share of 15.1% as at the end of August 2013.”

The strong domestic deposit growth was mainly attributed to the steady inflows of fixed deposits, low cost savings and current accounts, which grew by an annualised rate of 16.2%, 8.7% and 15.2% respectively.

Growth in Fee-based Income

The Public Bank Group continued to grow its fee-based income, targeting fee income from unit trust, bancasurrance, foreign-exchange related transactions and transactional banking services to further improve the Group’s return on equity.

Tan Sri Teh remarked that, “The Group’s unit trust management business through its wholly-owned subsidiary, Public Mutual, recorded commendable performance with a 13.7% growth in pre-tax profit in the first nine months of 2013 as compared to the corresponding period in 2012. As at the end of September 2013, Public Mutual had 104 funds with total net asset value of RM59.7 billion under its management. Public Mutual remained as the market leader in the private unit trust business, capturing 40.9% of the overall market share as at the end of September 2013, with 59.1% and 53.8% market share in the equity and Islamic unit trust fund sectors respectively.”

Prudent Cost Management

Tan Sri Teh said that, “As compared to the banking industry’s average cost-to-income ratio of 46.6%, the Public Bank Group remained as the most cost-efficient bank in Malaysia with its significantly lower cost-to-income ratio of 30.7%.

To ensure cost sustainability amid the challenging operating environment, the Public Bank Group will continue to practice prudent cost management and devote significant resources to improve its business processes and ensure optimum utilisation of infrastructure to further enhance efficiency and productivity without compromising on risk-mitigation controls.”

Strong Asset Quality

“The Public Bank Group continues to maintain its strong asset quality with low gross impaired loan ratio of 0.7% as at the end of September 2013, which was significantly lower as compared to the banking industry’s ratio of 2.0%. The Group also maintained a higher and more prudent loan loss coverage ratio of 117.3% as compared to the banking industry's coverage ratio of 98.2%,” said Tan Sri Teh.

The strong asset quality is a result of the Group’s strong emphasis on stringent and prudent credit policies, as well as putting in place efficient and effective credit approval and recovery processes.

Healthy Capital Position

The Public Bank Group remains well-capitalised with its common equity Tier 1 capital ratio, Tier 1 capital ratio and total capital ratio standing at 8.2%, 10.1% and 12.8% respectively as at the end of September 2013.

Tan Sri Teh emphasized that, “Public Bank will continue to assess the Group’s capital requirements to ensure its robustness in supporting the Group’s business growth strategies while maximising its shareholders’ returns.”

On 25 September 2013, the Public Bank Group made a landmark issuance of RM1.0 billion of Basel III-compliant subordinated medium-term notes which qualify as Tier 2 capital for the computation of the regulatory capital in accordance with the Capital Adequacy Framework (Capital Components) issued by Bank Negara Malaysia.

Outlook

“The business environment is expected to remain volatile for the rest of the year as external headwinds and vulnerabilities continue to be prevalent in various geographical parts of the world, including Malaysia.

The outlook of the Malaysian economy, in which the Public Bank Group largely operates, continues to be stable and supportive of growth, underpinned by sound fundamentals and strong domestic demand. The authorities have also introduced various pre-emptive measures to relieve the stresses in the domestic economy as well as to manage household leverage,”  viewed Tan Sri Teh.

Tan Sri Teh remarked that, “Our strategies remain unchanged. The Public Bank Group will continue to focus on its core retail banking and financing business, as well as upholding strong corporate governance to support long term sustainable growth. The Group will continue to leverage on its strong PB brand and its wide and efficient branch network, as well as its excellent customer service to deliver sustainable revenue growth. With Public Bank’s strong foothold, we remain committed to our business strategies and are well-positioned to weather any uncertainties ahead.

For the remaining months of 2013, the Public Bank Group is expected to maintain its earnings momentum and record satisfactory performance.”

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Y.Bhg. Tan Sri Dato' Sri Dr. Teh Hong Piow
Founder and Chairman of Public Bank
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Public Bank Hands Over 12,000 Trees Worth RM1 Million

For Immediate Release

8 October 2013

Public Bank Hands Over 12,000 Trees Worth RM1 Million

Public Bank officially handed over more than 12,000 well-matured trees worth RM1 Million to the Department of Irrigation and Drainage Wilayah Persekutuan Kuala Lumpur in a ceremony held recently at the Flat Sri Johor Flood Retention Pond, Cheras, Kuala Lumpur.
                               
Public Bank Senior General Manager of Public Affairs Division, En. Razak Dali presented a plaque to symbolise the handing over of the trees to the Director of Department of Irrigation and Drainage Wilayah Persekutuan Kuala Lumpur, Tuan Haji Abu Bakar bin Mohd. Yusof witnessed by Datuk Ir. Zainor Rahim bin Ibrahim, Senior Director of Department of Irrigation and Drainage Malaysia.
                            
In his speech at the ceremony En. Razak Dali said, “As part of the commitment to the corporate philosophy which we have been upholding since 1980s, Public Bank has responded to the challenges and cooperated with the Government in addressing environment issues particularly on environmental changes and global warming.  As a long term partner of the Government in nation building and as a responsible corporate citizen, Public Bank agreed to translate this commitment in a more meaningful way.”

“Hence, in 2007 the management of Public Bank agreed to allocate RM 1 million ringgit to plant nearly 13,000 trees at the Sri Johor Flood Retention Pond in Cheras, Kuala Lumpur with the objective of assisting the city’s eco-system and to reduce the carbon footprint at the surrounding areas which form part of the flood management system in the City of Kuala Lumpur”, he said.

The project has an annual carbon absorption rate of 275,423 kilogram upon the maturity of the planted trees since each single mature tree would have a carbon absorption rate of 22.5 kilogram per annum.  Besides establishing a green lung in the midst of an urban landscape, the trees would also provide the local community with an amenity to enjoy nature with the flora and fauna of the site as the trees mature.

In his response speech Datuk Ir. Zainor Rahim said, “I felt deeply honoured that Public Bank was willing to contribute quite a sizeable amount of funds to beautify the surrounding area of this Flood Retention Pond at Sri Johor Flat. The efforts carried out under the CSR ought to be recognised and supported by the government and local community as it not only brings benefits to the government but it also promotes the love for the environment.”

According to him, “Today’s event is a token of appreciation by the government to Public Bank for their efforts in inculcating and reinforcing the awareness programme to enhance the environment-friendly practice among every individual.  This tree planting project is the best platform for us to strengthen ourselves, our families and society towards conserving the environment. I am confident that this project will become a catalyst towards environment-friendly practice so that the objective to promote the love for the environment in the heart of all individuals can be achieved.”

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En. Razak Dali (fourth from right) presenting the hand-over plaque to Datuk Ir. Zainor Rahim at the ceremony witnessed by the officials from the DID WP Kuala Lumpur, Kuala Lumpur City Hall, Ministry of NRE and officers from Public Bank
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Public Bank and AIA Bhd. Jointly Launch New Credit Card

For Immediate Release

21 August 2013

Public Bank and AIA Bhd. Jointly Launch New Credit Card

The Card that gives you more savings on your protection plan! 

Public Bank is pleased to announce a winning product as part of their strategic bancassurance partnership with one of Malaysia’s leading insurers, AIA Bhd. with the launch of the new PB-AIA Visa Gold Credit Card that offers a dynamic insurance protection and rewards scheme.

With a staggering 2.6 million AIA policyholders in Malaysia to date, holders of the PB-AIA Visa Gold Credit Card will enjoy exclusive offers including premium rebates on all AIA insurance policies purchased and FREE Automatic Travel Insurance of up to RM300,000, paving the way towards reliable financial security, solid protection and lasting peace of mind for its owner and loved ones.  There is also the appealing Unlimited Cash Rebates for other retail purchases where customers get to benefit throughout the year across various brands.

Those who hold the PB-AIA Visa Gold Credit Card will also enjoy Cash Activation Rewards, Free Guardian Pharmacy Voucher limited to the first 1,000 approved cardmembers and Cash Back on Balance Transfer and FlexiPay Plan, making the card a definite must-have for its rewards and privileges.

On credit protection, the PB-AIA Visa Gold Credit Cardmember is eligible to sign up for the PB Credit Sure Plan.  This policy is a non-participating yearly renewable credit insurance that offers insurance protection on the outstanding balance in respect of the Cardmember’s credit card facility.

To further add on the rewards galore, Public Bank is also running the PB Spend & Win campaign offering 50 Grand Prize and 150 Consolation Prize Winners a chance to go to 2 world-class attractions at Resorts World Sentosa.  In addition, PB Cardmembers also enjoy exclusive cash rebates, free gifts and special discount on dining, fashion apparel, gold and jewelry, spa and healthcare products and other retail purchases.

For full details and information on how to apply, visit your nearest Public Bank branch or log on www.pbebank.com.

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Public Bank Contributes RM100,000 For the IJN Half-way House

For Immediate Release

30 July 2013

Public Bank Contributes RM100,000 For the IJN Half-way House

Founder and Chairman of Public Bank, Tan Sri Dato’ Sri Dr. Teh Hong Piow presented a cheque of RM100,000 to the Chairperson of IJN Foundation, Toh Puan Dato’ Seri Dr. Hajjah Aishah Ong today at Menara Public Bank. 

The cheque is a donation from Public Bank, being part of its annual grant totaling RM500,000 which began in 2010 for the running and up-keep of the IJN Foundation-Public Bank Dormitory, a half-way house located at IJN Hospital, Kuala Lumpur.  The dormitory houses needy patients’ families who are required to stay over at the hospital temporarily while their children or relatives undergo cardiac surgery or treatment.

At the cheque presentation, Tan Sri Teh said “This donation is part of the CSR initiatives of Public Bank and I hope the financial assistance will further assist IJN Foundation with the operational and management cost in running the dormitory which has proven to be beneficial in providing the much needed accommodation to the families and relatives of the underprivileged and needy heart patients”.

In accepting the cheque, Toh Puan Aishah Ong said, “On behalf of the Board of Trustees of IJN Foundation, I would like to express our greatest appreciation and gratitude to Tan Sri Teh and Public Bank for the generosity and continuous support given to IJN patients.”

She continues, “The IJN Foundation-Public Bank Dormitory has effectively served its purpose in alleviating the stress and sufferings of the relatives of the needy and underprivileged heart patients undergoing surgery or treatment at IJN.

The initiatives taken by Tan Sri Teh and Public Bank to partner with IJN Foundation for the betterment and well-being of the patients especially amongst the underprivileged are lauded and should be exemplary to other corporate organisations in living up its CSR commitment to those who really matters.”

Currently the IJN Foundation-Public Bank Dormitory has 25 beds and users have found it to be very convenient, comfortable and affordable.  Its location within the Institut Jantung Negara Hospital enables family members to give full support and comfort to the heart patients which further promote faster recovery. On the average, the occupancy rate is about 76% and some beds are always kept on standby for emergency admission.

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Tan Sri Teh presenting the mock cheque to Toh Puan Aishah Ong, flanked by Public Bank and IJN Foundation Senior Officials
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