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Malaysia Airlines Berhad Partners with Public Bank to Offer Customers Payment Option via FPX
For Immediate Release
 
11 February 2020

Malaysia Airlines Berhad Partners with Public Bank to Offer Customers Payment Option via FPX

Malaysia Airlines Berhad entered into a partnership with Public Bank Berhad (PBB) to accept payments for online ticket purchases using FPX which is operated by Payments Network Malaysia Sdn Bhd (PayNet). FPX is offering a convenient and secure online payment solution for customers. The airline’s customers can now purchase their flight tickets, using funds in their current, savings and credit card accounts maintained with Public Bank, Public Islamic Bank and 29 other participating FPX banks in Malaysia.

The partnership was made official at a signing ceremony held at MAB Academy, Kelana Jaya on 3 February 2020.

The event was attended by Malaysia Airlines’ Group Chief Executive Officer, Captain Izham Ismail, Group Chief Marketing and Customer Experience Officer, Ms. Lau Yin May, Tan Sri Dato’ Sri Tay Ah Lek, Chief Executive Officer from Public Bank Berhad and Mr. Peter Schiesser, Group Chief Executive Officer of PayNet.

Speaking at the event, Malaysia Airlines’ Group Chief Marketing and Customer Experience Officer Ms. Lau Yin May said, “Malaysia Airlines is delighted to partner with Public Bank and PayNet to offer customers a convenient way to purchase their flight tickets online and on our mobile app through FPX. This partnership proves our commitment towards improving our customer experience with the introduction of convenient payment options. Also, customers who opt to pay with FPX will not pay any service charges.”

This partnership is in line with Bank Negara Malaysia’s initiative to migrate manual payments to ePayments.

“Through this synergistic tie-up, Public Bank is committed to support Malaysia Airlines Berhad to facilitate its travellers in booking their airline tickets in a seamless process and on real-time basis,” said Tan Sri Dato’ Sri Tay Ah Lek, Chief Executive Officer from Public Bank Berhad. He added, “Public Bank was the first bank in the country to launch the Malaysia’s National QR Standard known as Duitnow QR with PayNet. The Bank is on track to bring more innovative payment solutions to our retail consumers and business clients.”

PayNet Group CEO Mr. Peter Schiesser said FPX processed 236 million transactions in 2019, while online merchants collected payments totalling RM117 billion via FPX, making it Malaysia’s top real-time online payment gateway for e-commerce sites.

Malaysia Airlines Berhad is running the ‘Travel and Win with FPX’ contest from 30 January to 29 February 2020 where customers will be able to win a pair of flight tickets on Malaysia Airlines’ Business Suite to London plus a 7 days/6 nights hotel stay by MHholidays alongside 80,000 Enrich Miles. Other prizes include a pair of Economy class tickets and hotel stays in Sydney and Bali plus miles. Customers will also stand a chance to win up to 11,000 Enrich Miles.

Enrich, Malaysia Airlines’ loyalty programme, is also giving away two daily prizes to the highest daily spender.

To be eligible for the contest, customers will need a minimum spend of RM100 to purchase flight tickets, or add-ons on Malaysia Airlines’ website and app via the FPX gateway. In addition, customers will be required to sign up as an Enrich member to qualify.

This contest is open to all Malaysian or Malaysian residents who have local bank accounts and terms & conditions apply. For more information on the contest, please visit www.malaysiaairlines.com/my/en.html.
 
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(From left) Payment Network Malaysia Sdn Bhd's Group Chief Executive Officer, Mr. Peter Schiesser, Public Bank's Deputy Chief Executive Officer, Dato' Chang Kat Kiam, Chief Executive Officer/Managing Director, Tan Sri Dato' Sri Tay Ah Lek, Group Chief Executive Officer of Malaysia Airlines Berhad, Captain Izham Ismail, Group Chief Marketing and Customer Experience Officer, Ms. Lau Yin May and air crew from Malaysia Airlines Berhad at the signing ceremony event.
 
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Public Bank And Public Islamic Bank Activate Relief Assistance Programme For Customers Affected By The 2019 Novel Coronavirus Outbreak
FOR IMMEDIATE RELEASE
This press release is issued by
Tan Sri Dato’ Sri Tay Ah Lek
Managing Director
Public Bank Berhad

10 February 2020
 
Public Bank And Public Islamic Bank Activate Relief Assistance Programme For Customers Affected By The 2019 Novel Coronavirus Outbreak

Public Bank and Public Islamic Bank are activating the Relief Assistance Programme for its customers who are affected by the current outbreak of novel coronavirus (2019-nCoV).

Public Bank Managing Director, Tan Sri Dato’ Sri Tay Ah Lek said today, “Public Bank continues to be considerate towards customers who face short term financial constraints due to the unexpected situation. As concerns about the 2019-nCoV escalate and are expected to affect industries and businesses, the Bank hopes that the Relief Assistance Programme would help to alleviate difficulties faced by its customers.”

Relief Assistance for Affected Customers

With immediate effect, for the affected individual and business customers, Public Bank Group is offering moratorium of up to six months for the monthly instalment payments of loans and financing. The Bank will also accommodate requests by the affected customers to restructure or reschedule their loans and financing to assist in their cash-flow situation during this difficult time.

Contacts
 
Affected customers who require the Relief Assistance Programme are advised to go to the Public Bank/Public Islamic Bank branch where they maintain their accounts or call the Bank’s toll-free number at 1800 22 5555.

“Public Bank stands ready to support customers through financial hard times. The Bank will continue to monitor the development of the outbreak and extend its further assistance should the need arises.” Tan Sri Tay added.
 
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Public Bank And Public Islamic Bank To Reduce Its Base Rate By 0.25%
FOR IMMEDIATE RELEASE
This press release is issued by
Tan Sri Dato’ Sri Tay Ah Lek
Managing Director/Chief Executive Officer
Public Bank Berhad
 
23 January 2020
 
Public Bank And Public Islamic Bank To Reduce Its Base Rate By 0.25%

Public Bank will reduce its Base Rate (BR) and Base Lending Rate (BLR) / Base Financing Rate (BFR) by 0.25% effective 28 January 2020, in line with the Overnight Policy Rate (OPR) cut by 25 basis points from 3.00% to 2.75% on 22 January 2020.

At the same time, the fixed deposit rates will also be correspondingly adjusted by 0.25%, effective on the same date.

Given the current challenging operating environment, Public Bank’s Base Rate reduction is timely to ease the burden of the borrowers and helps stimulate the nation’s economic growth.  Public Bank will continue to proactively manage its assets and liabilities to ensure interest rates are priced responsibly at all times for the benefit of its customers.
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Public Bank Group Achieved Pre-Tax Profit Of RM5.31 Billion for the First Nine Months of 2019

For Immediate Release

7 November 2019

Public Bank Group Achieved Pre-Tax Profit of RM5.31 Billion for the First Nine Months of 2019

For the first nine months of 2019, the Public Bank Group’s profit performance remained stable, on the back of a 2.3% growth in total revenue to RM16.78 billion. For the 9-month reporting period, the Group recorded a pre-tax profit of RM5.31 billion and net profit attributable to shareholders of RM4.11 billion, compared to RM5.31 billion and RM4.19 billion respectively in the corresponding period in 2018.
 
On a quarter-to-quarter comparison, the Group’s net profit attributable to shareholders of RM1.36 billion recorded in the 3rd quarter of 2019, represented an increase of 2.2% as compared to the net profit attributable to shareholders of RM1.33 billion achieved in the 2nd quarter of 2019.
 
Tan Sri Dato’ Sri Dr. Teh Hong Piow, the Founder, Chairman Emeritus, Director and Adviser of Public Bank said, “Recent developments in the operating environment posed further challenges to the banking industry. While macro headwinds remain, the reduction in Overnight Policy Rate (“OPR”) in May 2019 had also resulted in the decline in net interest margins for the banking sector, which affected the profit for the first nine months ended September 2019.”
 
Tan Sri Teh further added, “Despite these concerns, the Public Bank Group was able to sustain stable profit performance, mainly on account of the stable interest income from its growing financing and deposit business. The Group’s profitability was also complemented by its non-interest income which grew by 5.8% in the first nine months of the year. During the financial period, the Group also retained its competitive strength, as reflected in its efficient cost-to-income ratio of 34.3% and low gross impaired loans ratio of 0.5%. As a result, the Group sustained a resilient net return on equity of 13.3%.”
 
Sustained Growth in Loans and Deposits
 
In the first nine months of 2019, the Public Bank Group’s total loans rose by an annualised rate of 4.2% to RM327.2 billion. On the domestic front, the Group’s total loans grew by an annualised rate of 4.4%, higher than the banking system’s annualised loan growth of 3.3%. This loan growth is commendable when compared to the industry’s growth and continued to reinforce the Group’s strong market position in lending for residential properties, financing to the small and medium enterprises, as well as hire purchase financing.
 
On deposit-taking, the Public Bank Group achieved an annualised growth rate of 3.2% to RM347.2 billion in total deposits. Domestic deposits rose by an annualised rate of 3.4%, which was also higher as compared to the domestic banking system’s annualised deposit growth of 2.0%.
 
Tan Sri Teh added, “The Group has adopted a strategy to optimise its funding position and balance between deposit growth and cost of funding, whilst ensuring sufficient liquidity buffer. As at the end of September 2019, the Group’s funding position remained healthy with its gross loan to fund and equity ratio standing at 79.8%.”
 
Continued Growth in Non-interest Income
 
In the first nine months of 2019, the Public Bank Group achieved 5.8% growth in non-interest income, led by higher investment income and banking fee income.
 
Tan Sri Teh highlighted, “Public Mutual, the Public Bank Group’s wholly-owned unit trust management subsidiary, remained the main contributor to the Group’s total non-interest income. In the first nine months of 2019, Public Mutual managed a total of 152 unit trust funds representing net asset value of RM84.2 billion. Public Mutual also sustained its market leader position in the domestic private unit trust industry, with a retail market share of 35.3%.”
 
Prudent Cost Management
 
In the first nine months of 2019, the Public Bank Group’s cost-to-income ratio stood at 34.3%, significantly more efficient than the domestic banking industry’s average cost-to-income ratio of 44.6%.
 
Tan Sri Teh highlighted, “Effective cost management has long been a strong competitive edge for the Public Bank Group as it enables the Group to pursue continued business growth despite the rising cost pressure. With this strong buffer, the Group is able to continue investing in talent and technology to further enhance its productivity and strengthen its business sustainability.”
 
Upholding Strong Asset Quality
 
As at end-September 2019, the Public Bank Group’s gross impaired loan ratio remained stable at 0.5%, well below the domestic banking industry’s gross impaired loan ratio of 1.6%.
 
Notwithstanding this, the Group maintained a high impairment provision, as reflected in its loan loss coverage of 117.6%, which was well above the banking industry’s loan loss coverage of 88.8%. Including additional regulatory reserves set aside of RM1.9 billion, the Group’s loan loss coverage would be higher at 230.5%.
 
Tan Sri Teh highlighted, “As consumers face increased challenges from the macro environment, the banking industry is expected to experience higher impaired loans. The Public Bank Group is able to sustain a strong and stable asset quality despite its growing loan portfolio. This is supported by the Group’s consistent practices in prudent lending and proactive recoveries.”
 
Overseas Operations
 
For the first nine months of 2019, overseas operations contributed 11.0% to the Public Bank Group’s pre-tax profit, mainly attributed to the business of Public Financial Holdings Limited Group in Hong Kong and Cambodian Public Bank Plc (“Campu Bank”).
 
Tan Sri Teh added, “The Public Bank Group’s overseas operations have remained an important revenue source. For the first nine months of 2019, the Group’s total profits from its overseas business recorded a growth of 14.4%, mainly contributed by the growing profits from its Indo-China business, particularly Campu Bank and Public Bank Vietnam Limited.” 
 
Healthy Capital Position
 
As at the end of September 2019, the Public Bank Group’s common equity Tier 1 capital ratio, Tier 1 capital ratio and total capital ratio stood at a healthy level of 13.1%, 13.5% and 16.5% respectively.
 
Tan Sri Teh said, “The Public Bank Group’s healthy capital base provides a strong buffer to cushion against any potential risk and enables the Group to continue pursuing business opportunities which bode well for future growth.”
 
Group’s Prospects
 
Amid the persistence of adverse developments in the macro environment largely stemming from the external front, the domestic banking sector is likely to continue facing headwinds weighing on revenue growth.
 
On this note, Tan Sri Teh said, “The Public Bank Group will maintain a cautious stance amid the growing downside risks. However, this does not hinder the Group from pursuing continued business expansion. Pockets of opportunities remain for banks to explore in the growing Malaysian and regional economies. These include sustained demand for affordable housing and new growth opportunities arising from the advancement of digital banking.”
 
Tan Sri Teh concluded, “The Public Bank Group’s fundamental strength will continue to position the Group for future growth and to develop new competitive strength centred on the Group’s strategy to continue delivering values to its stakeholders.”
 
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Y.Bhg. Tan Sri Dato' Sri Dr. Teh Hong Piow
Founder, Chairman Emeritus, Director and Adviser of Public Bank
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FOR IMMEDIATE PUBLICATION

31 October 2019

Cambodian Public Bank to Collaborate with China Construction Bank (Malaysia)
 
Cambodian Public Bank Plc (“Campu Bank”) signed a Memorandum of Understanding (“MOU”) with China Construction Bank (Malaysia) Berhad (“CCBM”) to establish a collaboration to jointly promote and develop business opportunities between both banks for their customers in the Kingdom of Cambodia, Malaysia, and the People’s Republic of China.
 
The MOU signing ceremony held on 24 October 2019 at Menara Public Bank was attended by Tan Sri Dato’ Sri Tay Ah Lek, Managing Director of Public Bank, Dato’ Chang Kat Kiam, Deputy Chief Executive Officer of Public Bank, Datuk Phan Ying Tong, Regional Head of Indo-China Operations of Public Bank, Mr. JiZhi Hong, Executive Vice President of China Construction Bank Corporation, Mr. Felix Feng Qi, Chief Executive Officer of China Construction Bank (Malaysia) and senior management staff of both banks.
 
The signing of the MOU represents an extension of the successful business collaboration between Public Bank and China Construction Bank which commenced since 2016 for cross border financing, financial advisory, remittance, client credit assessment and referrals.
 
Campu Bank is a wholly-owned subsidiary of Public Bank which is the third largest bank in Malaysia with overseas operations in the Kingdom of Cambodia, Vietnam, Laos, Sri Lanka, Hong Kong and Mainland China. Campu Bank with a strong presence in the Kingdom of Cambodia since 1992 has grown into one of the leading foreign-owned banks with 31 branches and has contributed significantly to the development of the financial industry in the Kingdom of Cambodia.
 
Tan Sri Tay said, “The signing of today’s MOU is timely as Cambodia is experiencing rapid growth with consistent GDP of 7% for the past five years coupled with strong influx of investors from People’s Republic of China. Public Bank and China Construction Bank will be able to leverage on each other’s strength to propel our business to greater heights”.
 
CCBM is a tier 1 wholly-owned subsidiary of China Construction Bank Corporation which is the world second largest bank in terms of total assets. The signing of the MOU is also in conjunction with the opening of China Construction Bank Corporation Labuan Branch, a tier 1 branch of CCB which is established with the aspiration of becoming a regional ASEAN bank in facilitating close bilateral relationships between ASEAN countries and China.
 
Mr. Ji added, “We have established close co-operation with Public Bank since the beginning of our entry in Malaysian market in 2016. Today, we will further strengthen our co-operation with the signing of MOU between Campu Bank and CCBM.”
 

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(From left) Public Bank’s Senior General Manager of Wealth Management and Transaction Banking Division, Ms. Chan Chiew Peng, Deputy Chief Executive Officer, Y. Bhg. Dato’ Chang Kat Kiam, Managing Director, Y. Bhg. Tan Sri Dato' Sri Tay Ah Lek, Regional Head, Indo-China Operations, Y. Bhg. Datuk Phan Ying Tong, and China Construction Bank (Malaysia)'s Chief Executive Officer, Mr. Felix Feng Qi, China Construction Bank Corporation's Executive Vice President, Mr. Ji ZhiHong, General Manager of Fintech Department, Ms. Zhu YuHong, and General Manager of International Business Department, Ms. Sun JianBo at the MOU signing ceremony in Menara Public Bank.

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For Immediate Release

11 october 2019


Comments On The Budget 2020

We applaud the Government and the Minister of Finance for taking a holistic and comprehensive approach in crafting the Budget 2020.  We are delighted to note that Budget 2020 has outlined a wide range of initiatives, action plans, fiscal measures and incentives seeking to address the challenges that Malaysia is facing, which include setting the new growth direction, intensifying growth momentum, addressing high cost of living and increasing the income level of the Rakyat.
 
The Government is cognisant about driving growth in the new economy and digital era.  We welcome the measures to make Malaysia as a preferred destination for investment, accelerating the digital economy, enhancing access to financing for businesses as well as strengthening the diversity of the Malaysian economy.  In particular, we note that the Government is also developing the relevant infrastructures to enhance the ecosystem to drive growth, for example, economic zones, transportation, 5G connectivity and digital applications.
 
We will continue to play our role as a financial intermediary in support of the Government’s measures, to facilitate access of financing to businesses, particularly the small and medium enterprises.  In addition, we will continue to support financing for affordable housing, in line with the Government’s efforts to increase home ownership.  As a bank, we will strengthen our efforts to promote higher adoption of e-payments among our customers in support of Malaysia becoming a cashless society.
 

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

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Public Bank Group Achieved Pre-Tax Profit of RM3.55 Billion for the First Half of 2019 and Declared 33 sen First Interim Dividend

For Immediate Release

14 August 2019

Public Bank Group Achieved Pre-Tax Profit of RM3.55 Billion for the First Half of 2019 and Declared 33 sen First Interim Dividend
 
For the first half year ended 30 June 2019, the Public Bank Group recorded pre-tax profit of RM3.55 billion. Net profit attributable to shareholders stood at RM2.74 billion, as compared to RM2.80 billion recorded in the previous corresponding period.
 
Tan Sri Dato’ Sri Dr. Teh Hong Piow, the Founder, Chairman Emeritus, Director and Adviser of Public Bank said, “The economic and banking environment was increasingly challenging. In addition to this, arising from the reduction of Overnight Policy Rate (“OPR”) in May 2019, domestic banks were faced with a decline in net interest margins which affected the profit for the half year ended 30 June 2019. However, excluding the negative effect of the OPR reduction, the Public Bank Group was able to sustain stable profitability underpinned by its healthy loans and deposits growth, stable asset quality and prudent cost management.”
 
Tan Sri Teh further added, “In the face of increasing challenges from the moderating growth of the domestic banking sector and continued interest margin compression, the Group is of the view that maintaining cost efficiency and preserving strong asset quality is key to long term business sustainability.”  With this strategic focus, the Group continued to sustain a stable gross impaired loans ratio of 0.5% and efficient cost-to-income ratio of 34.2%, leading to continued resilient net return on equity of 13.6% for the first half of 2019.
 
In view of the Public Bank Group’s stable performance, Tan Sri Teh announced that, “For 2019, the Board of Directors has declared a first interim dividend of 33 sen per share, translating into a total dividend payout of RM1.28 billion. The first interim dividend will be paid on 10 September 2019 based on the dividend entitlement date of 29 August 2019.”
 
Sustained Growth in Loans and Deposits
 
In the first half of 2019, the Public Bank Group’s total loans grew favourably by an annualised rate of 4.0% to RM323.7 billion. Domestic loans, which covered more than 90% of the Group’s loan portfolio, grew by an annualised rate of 4.3%, which was higher than the banking system’s annualised loan growth of 2.7%. The expansion in the Group’s loan portfolio was mainly attributed to the healthy growth in its core financing business in residential and commercial properties.
 
On funding side, the Public Bank Group achieved a healthy deposit growth, registering an annualised growth rate of 5.9% to RM349.1 billion. Domestic deposits grew favourably by an annualised rate of 5.7% in the first half of 2019, as compared to the banking system’s annualised deposit growth of 1.6%.
 
Tan Sri Teh said, “In expanding its deposit base, the Public Bank Group will continue to balance between deposit growth and funding cost. As at end of June 2019, the Group’s funding position remained stable with a healthy gross loan to fund and equity ratio of 78.9%.”
 
Continued Growth in Non-interest Income
 
In the first half of 2019, the Public Bank Group achieved 8.1% growth in non-interest income, mainly arising from higher investment income and higher banking fee income.
 
Tan Sri Teh added, “The Group’s unit trust management business through its wholly-owned subsidiary, Public Mutual, continued to be the largest contributor, making up 35% of the Group’s total non-interest income. In the first half of 2019, despite the volatility and uncertainties in the financial market, Public Mutual continued to lead the domestic private unit trust industry with a retail market share of 36.4%. As at the end of June 2019, Public Mutual managed a total of 151 funds, with its total net asset value increasing to RM84.4 billion from RM78.7 billion as at the end of 2018.”
 
Prudent Cost Management
 
In the first half of 2019, despite the challenges stemming from revenue growth pressure and margin compression, the Public Bank Group was able to sustain a low cost-to-income ratio of 34.2%, as compared to the banking industry’s average cost-to-income ratio of 44.6%.
 
Tan Sri Teh highlighted, “The Public Bank Group’s effective management of cost efficiency has helped to cushion the impact of interest margin pressure. The Group’s long term track record of prudent cost management will also continue to be its competitive advantage when rising cost pressure is expected to persist.”
 
Upholding Strong Asset Quality
 
As at end-June 2019, the Public Bank Group continued to achieve a low gross impaired loan ratio of 0.5%, well below the banking industry’s gross impaired loan ratio of 1.6%.   
 
Tan Sri Teh highlighted, “The Public Bank Group’s strong asset quality continued to retain public confidence amid the challenging economic environment. Notwithstanding this, the Group sustained a high loan loss coverage of 116.0%, which was well above the banking industry’s loan loss coverage of 91.1%. Including additional regulatory reserves set aside of RM1.9 billion, the Group’s loan loss coverage would be higher at 226.5%.”
 
Overseas Operations
 
For the first half of 2019, overseas operations contributed 10.5% to the Public Bank Group’s pre-tax profit, mainly contributed by Public Financial Holdings Limited Group in Hong Kong and Cambodia Public Bank Plc (“Campu Bank”).
 
Tan Sri Teh added, “For the overseas business, the Public Bank Group will continue to focus on growing its retail banking business particularly tapping on the growing opportunities in Indo-China. Besides Cambodia, the Group is actively expanding its branch network in Vietnam. For the past two years, the Group had opened 11 new branches in Vietnam, and the Group is targeting to further expand its foothold in the country to 40 branches in the next three years.”
 
Healthy Capital Position
 
As at the end of June 2019, the Public Bank Group’s common equity Tier 1 capital ratio, Tier 1 capital ratio and total capital ratio were at 13.2%, 13.6% and 16.0% respectively.
 
Tan Sri Teh said, “The Public Bank Group’s capital base stayed resilient. The Group has continued to place great emphasis on sustaining solid capital position and balance sheet strength, to support its continued business growth.”

Group’s Prospects
 
Going forward, while the Malaysian economy is expected to remain on a steady path supported by domestic demand, downside pressure including the moderating global economic growth and considerable headwinds, mainly from the external front, will continue to negatively impact business and financial market sentiment.

Tan Sri Teh concluded, “Against this backdrop, the Public Bank Group will remain on a cautious stance in growing its business. While the strong PB Brand will continue to place the Group in good stead to seize business opportunities, the Group will continue to closely monitor the changes in the operating environment, and undertake appropriate measure to fine-tune its operational strategies for continued business growth. In addition, as the Group continues to sustain its fundamental strength, it will proactively seek to develop new initiatives, such as banking digitalisation as well as innovative and distinctive financial products, for long term business growth.”

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

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Public Bank Garnered 4 Awards at the Malaysian e-Payments Excellence Awards 2019

For Immediate Release

5 August 2019

Public Bank Garnered 4 Awards at the Malaysian e-Payments Excellence Awards 2019
 
Public Bank Berhad (PBB) once again emerged as one of the top performers at the Malaysian e-Payments Excellence Awards (MEEA) 2019 held in Kuala Lumpur on 31 July 2019 securing 4 awards for its outstanding contribution towards the growth of Malaysia’s e-payment ecosystem.
 
The MEEA is organised annually by Payments Network System (M) Sdn Bhd (PayNet) to recognise the outstanding achievements of banks, businesses and government agencies that have contributed significantly towards excellence, innovation and growth in electronic payments in Malaysia.
 
The accolades awarded to PBB were: Top JomPAY Acquirer, Best MyDebit Bank, Top MyDebit Acquirer and Outstanding Contribution to MyDebit.
 
The awards were given out by the Assistant Governor of Bank Negara Malaysia, Encik Adnan Zaylani Mohd Zahid. On hand to receive the awards on behalf of PBB was its Managing Director, Tan Sri Dato’ Sri Tay Ah Lek.
 
For the third year running, PBB was recognised as the Best MyDebit Bank in Malaysia as well as retaining the Outstanding Contribution award for MyDebit and the Top MyDebit Acquirer Award.
 
The awards won by PBB are a direct result of the bank’s strong bundling of innovative e-Payment channels with stable infrastructure to provide the best support to e-Payments under a reliable, safe and secured environment.
 
PBB will continue to provide full support to boost the country’s migration to electronic payments by launching more e-Payment initiatives and continuously enhancing its digital banking platform to improve customer experience.
 
To further accelerate the growth of cashless payments in the country, PBB had on 17 July 2019 soft launched the Malaysia’s National QR Standard known as DuitNow QR with PayNet. PBB is the first Bank adopting the standard.
 
Through DuitNow QR, users can make payment from any participating Banks or e-Wallets mobile apps. Merchants would only need to display one QR Code, the DuitNow QR, to accept payments, as opposed to the current practice of displaying multiple proprietary QR codes at payment counters.
 
PBB will roll out the DuitNow QR to the public after the two months’ pilot. The commencement of DuitNow QR will expand the existing features of DuitNow to allow users to make payments to merchants using the merchant’s DuitNow QR code.
 
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(From left) PayNet's Chairman, Datuk Ahmad Hizzad, Public Bank's Chief Executive Officer/ Managing Director, Tan Sri Dato’ Sri Tay Ah Lek, Assistant Governor of Bank Negara Malaysia, Encik Adnan Zaylani Mohd Zahid and Mr. Peter Schiesser, Group CEO of PayNet at the Malaysian e-Payments Excellence Awards.

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For Immediate Release

15 July 2019

Public Bank Sponsors UCSI’s National English Essay Writing Competition on Nation Building
 
Public Bank in collaboration with UCSI University will co-organise the inaugural National English Essay Writing Competition for secondary school students.
 
The competition is held in conjunction with the 62nd Merdeka Day celebrations with the aim to encourage students to reflect and write on the role of youth in nation building. It is a step in the right direction for students to articulate their ideas and ideals on how a nation should move forward.
 
As the Main Sponsor of the competition, Managing Director of Public Bank Tan Sri Dato’ Sri Tay Ah Lek presented the Bank’s contribution of RM20,000 to UCSI University’s Vice-Chancellor and President Academician Senior Professor Dato’ Dr. Khalid Yusoff at Menara Public Bank on 12 July 2019.
 
From providing scholarships to sponsoring various literary awards since the early years of the Bank’s formation, Public Bank has been active in Corporate Social Responsibility projects that are beneficial to Malaysians in various areas, notably in the education sector.
 
According to Tan Sri Tay, “We are happy to be part of this noble endeavour to encourage youths, who will be our future leaders, to put their thoughts in writing as writing can help improve imagination as well as enhance clarity of thought.”
 
Tan Sri Tay also believes that this initiative would promote the use of the English language as it is the common language of business that is used worldwide.  “We believe this competition would also support the government’s call to improve the language proficiency among students,” he said.
 
And this was concurred readily by Professor Dato’ Dr. Khalid Yusoff who added, “This competition aims to inculcate the love for writing in English, encourage young people to take a keen interest in community and national affairs, reflect and write about them on a national platform.”
 
“Public Bank’s affirmative action to collaborate with UCSI University in this effort is laudable as it will definitely enhance the prestige and importance in promoting the use of English language amongst our youths. This would enhance our competitiveness in the long run which will benefit our country,” he said.
 
This UCSI University-Public Bank National English Language Essay Competition is open to students sitting for the SPM, STPM, O-Level, A-Level and UEC examinations. The topic of this year’s competition is “The Role of Youth in Creating a Peaceful and Harmonious Malaysia”.
 
In explaining about the competition, UCSI’s Centre for Languages (CFL) director, Ms. Margaret Soo said five winners will be selected and they will receive cash prizes of up to RM1,000, a trophy and UCSI University tuition fee waivers of up to RM10,000.
 
According to Ms. Margaret Soo, the competition is strongly supported by the Ministry of Education and other sponsors include Royal Selangor, Khind Starfish Foundation, MPH Bookstores, Le Quadri Hotel, Kuala Lumpur and Cambridge University Press.
 
Closing date for entries is 30 August 2019 and the presentation of awards will be held on 24 September 2019.
 
More information is available at https://apps.ucsiuniversity.edu.my/essay/.
 
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Public Bank’s Managing Director Tan Sri Dato’ Sri Tay Ah Lek (right) presented the Bank’s contribution of RM20,000 to UCSI University’s Vice-Chancellor and President Academician Senior Professor Dato’ Dr. Khalid Yusoff at Menara Public Bank on 12 July 2019.

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From left: Dato’ Razak Dali, Public Bank’s Public Affairs Division Senior General Manager, Daria Morozova, UCSI’s Centre for Languages English teacher,  UCSI University’s Vice-Chancellor and President Academician Senior Professor Dato’ Dr. Khalid Yusoff, Public Bank’s Managing Director Tan Sri Dato’ Sri Tay Ah Lek and Ms. Margaret Soo, UCSI’s Centre for Languages Director.
 
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Spreading Raya Cheer to Orphans Public Bank Organised 2 Charity Events for Orphans

For Immediate Release

3 June 2019

Spreading Raya Cheer to Orphans Public Bank Organised 2 Charity Events for Orphans
 
The ‘bank for the public’, Public Bank organised two events for orphans to bring happiness and joy to the less fortunate children during the holy month of Ramadhan. The orphanages that were selected are Persatuan Kebajikan An-Najjah Malaysia in Kuala Lumpur and Pusat Jagaan Rumah Kesayangan in Petaling Jaya.
 
Both orphanages have about 120 orphans aged from seven to 17 years old.
 
A continuation of the Bank’s corporate social responsibilities activities all year long, this is part of the Bank’s commitment as a caring corporate citizen.
 
This year, the Bank’s staff visited the orphanage Persatuan Kebajikan An-Najjah Malaysia on May 15 and ‘duit raya’ of RM180 was presented each to the orphans who were present, plus another RM5,000 outright donation for the orphanage to help them with their upkeep.
 
For orphans from the orphanage Pusat Jagaan Rumah Kesayangan, they were given the opportunity to go shopping for ‘baju raya’ at Mydin Hypermarket, Subang Jaya with Bank’s staff on May 16. The orphanage was also given RM5,000 outright donation.
 
Both events ended with the orphans breaking fast with Public Bank’s staff with everybody feeling happy and grateful for the eventful outings.
 

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Public Affairs Division Director Norida Mohamed (centre, in purple) presented the cheque to Persatuan Kebajikan An-Najjah Malaysia warden Junainah Junit, on behalf of the Bank.
 

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A group photo with the orphans from Pusat Jagaan Rumah Kesayangan. Public Affairs Division Director Norida Mohamed (centre, in pink) presented the cheque to Pusat Jagaan Rumah Kesayangan Shafiyah Azmi, on behalf of the Bank.

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