For the first nine months of 2017, the Public Bank Group continued to make good progress, with its pre-tax profit increasing to RM5.16 billion, representing 8.4% growth from the corresponding period in 2016. Over the same period, net profit attributable to shareholders increased by 7.0% to RM3.98 billion.

Public Bank and Public Islamic Bank have activated the Relief Assistance Programme on 7 November 2017 for customers and employees who were affected by the flood in several states in Malaysia.

Public Bank Managing Director, Tan Sri Tay Ah Lek said, “Similar to previous relief measures undertaken by Public Bank, the Bank is considerate towards the people who are affected by the flood. The Bank hopes that the Relief Assistance Programme will help to alleviate their hardship.”

For the first half year ended 30 June 2017, the Public Bank Group’s pre-tax profit increased to RM3.37 billion, up 5.1% from the corresponding period in 2016. Over the same period, net profit attributable to shareholders increased by 3.8% to RM2.58 billion.

On its quarterly performance, the Group’s net profit for the second quarter of 2017 of RM1.33 billion represents a 6.0% growth as compared to the second quarter of 2016.

The Founder and Chairman of Public Bank, Tan Sri Dato’ Sri Dr. Teh Hong Piow said, “The Public Bank Group has continued with its positive momentum in sustaining profitability growth. The Group’s clear and focused business strategy coupled with its prudent credit culture, continues to underpin its consistent financial performance under the current challenging operating environment.”

It was an exciting “back to school” for our Founder and Chairman, Tan Sri Dato’ Sri Dr. Teh Hong Piow, who, together with selected Senior Management staff from Public Bank Berhad, Public Mutual Berhad, Public Investment Bank Berhad and Public Islamic Bank Berhad, completed the Capital Market Director Programme (CMDP) in October 2017.

Organised by the Securities Industry Development Corporation the training and development arm of the Securities Commission Malaysia, the CMDP is a platform to promote good governance and a compliance culture amongst directors of licensed intermediaries while equipping them with the relevant knowledge, skills and abilities to meet the expected competencies required of a board.  

China Construction Bank (Malaysia) Bhd (CCBM) held its official opening on 2 June 2017, witnessed by the Honourable Prime Minister of Malaysia, Datuk Seri Najib Abdul Razak and Chairman of China Construction Bank (CCB), Mr. Wang Hongzhang at the Shangri-La Hotel Kuala Lumpur.

At the opening ceremony CCBM exchanged 13 MOUs with various parties, including a MOU with Public Bank Berhad on clearing of Renminbi.

The good business relationship between PBB and CCBM is also evidenced via the installation of a PBB-CCBM joint logo ATM at CCBM’s premise in Wisma Selangor Dredging. CCB Chairman, Mr. Wang Hongzhang and Dato’ Chang Kat Kiam, Deputy Chief Executive Officer officiated the launching of the joint logo ATM on 2 June 2017 at CCBM’s premise at Wisma Selangor Dredging.

Senior Management and sales staff of Public Bank Group attended a convention, ‘Energise & Revitalise’ at the Sunway Pyramid Convention Centre on 22 July 2017. The event kick-started with the Mid Term Review of Performance and Further Action Plans by Tan Sri Dato’ Sri Tay Ah Lek who reminded the staff on the importance of ‘health checks’ in monitoring the Bank’s performance.

Staff further pledged their commitment to uphold Tan Sri Chairman’s legacy of banking excellence. In a show of appreciation by the Bank, six categories of awards were presented. 

Public Bank Group announced a pre-tax profit of RM1.63 billion for the first quarter of 2017 on the back of a stable gross revenue of RM5.03 billion achieved during the quarter. Net profit attributable to shareholders grew by 1.5% to RM1.25 billion for the first quarter of 2017, as compared to RM1.23 billion achieved in the previous corresponding quarter. 

Public Bank Berhad (PBB) being a strong contender in the Malaysian e-Payments Excellence Awards 2017 (MEEA) held at Grand Hyatt Kuala Lumpur on 22 May 2017 clinched four awards for its contribution to the growth of e-payments in the country. The awards were Best e-payment Bank; Best MyDebit Bank; Outstanding Contribution to Financial Process Exchange (FPX) Award; and Outstanding Contribution to MyDebit Award.

The awards were given out by Bank Negara Malaysia’s (BNM) Governor, Datuk Muhammad Ibrahim. On hand to receive the awards on behalf of PBB was Managing Director and Chief Executive Officer, Tan Sri Dato’ Sri Tay Ah Lek.

Public Bank has been actively expanding its reach to the Japanese Business Community in Malaysia since the first MOU signed between Public Bank (PBB) and Resona Bank (RB) in 2013.

The Senior Management of PBB led by Managing Director and Chief Executive Officer, Tan Sri Dato’ Sri Tay Ah Lek and Deputy Chief Executive Officer, Dato’ Chang Kat Kiam together with RB represented by its President, Mr. Kazuhiro Higashi, Mr. Tetsuya Asaka and Mr. Masaki Sakai had on 9 March 2017 discussed areas of mutual collaboration for future expansion. The meeting was held at Menara Public Bank.      

JP Morgan Chase Bank awarded Public Bank for achieving outstanding Straight Through Processing rates in 2016. This is the 15th consecutive year Public Bank has been honored with the JPMC MT103 Elite Quality Recognition Award and JPMC MT202 Elite Quality Recognition Award.

An award presentation ceremony was held in Menara Public Bank on 17 April 2017. Mr. John C. Hunter, Managing Director of JPMC US Dollar Clearing presented the awards to Ms. Yik Sook Ling, Chief Financial Officer who received on behalf of the Bank. 

The Public Bank Group accomplished another profit milestone following the favourable set of financial results recorded in 2016. The Group registered a pre-tax profit of RM6.55 billion as compared to RM6.49 billion achieved in previous year. Net profit attributable to shareholders grew by 2.9% to RM5.21 billion during the year.

The Founder and Chairman of Public Bank, Tan Sri Dato’ Sri Dr. Teh Hong Piow has been awarded for the 7th consecutive time, the ‘Asian Corporate Director Recognition Award’ by Corporate Governance Asia on 30 March 2017 at Menara Public Bank, Kuala Lumpur.

The award was presented to Tan Sri Teh by Mr. Aldrin Monsod, Founder, Managing Director and Publisher of Corporate Governance Asia and witnessed by Tan Sri Dato’ Sri Tay Ah Lek, Managing Director of Public Bank and Dato’ Chang Kat Kiam, Deputy CEO of Public Bank. At the same event, Mr. Aldrin Monsod also presented the ‘Icon on Corporate Governance Award’ to Public Bank for the 12th consecutive year from 2005 to 2016.

The Founder and Chairman of Public Bank, Tan Sri Dato’ Sri Dr. Teh Hong Piow has been awarded the ‘Medal for the Development of Vietnam Banking Industry’ on 11 March 2017, the first foreign Banker in Vietnam to be awarded this medal.

It was another achievement in Tan Sri Teh’s long list of lifetime accolades and recognition and with this award Tan Sri Teh has received a total of 48 personal to holder awards in recognition of his exemplary commitment to excellence and lifetime dedication to the banking industry in the Asian Region.

On 11 March 2017, the Public Bank Group gathered for its annual Management Seminar at Sunway Resort Hotel Ballroom to discuss the Group’s performance in the year 2016 and strategies for future growth and banking excellence. This year’s seminar saw an attendance of 1,500 Head Office and branch staff from both local and overseas operations.

A strong crowd of 6,020 shareholders attended at the Bank’s Annual General Meeting held at the Shangri-La Hotel Kuala Lumpur on 27 March 2017 as the happy shareholders expressed their appreciation to Public Bank and its Founder and Chairman, Tan Sri Dato’ Sri Dr. Teh Hong Piow for achieving yet another profit milestone with pre-tax profit of RM6.55 billion in 2016.