For the first nine months of 2018, the Public Bank Group continued to make business progress despite the challenging operating environment and reported a pre-tax profit of RM5.31 billion, up 2.9% from the corresponding period in 2017. Net profit attributable to shareholders rose by 5.0% to RM4.19 billion from RM3.98 billion recorded in the previous corresponding period.
 
The Founder and Chairman of Public Bank, Tan Sri Dato’ Sri Dr. Teh Hong Piow said, “In the environment marked by rising uncertainties and persistent volatility, the Public Bank Group continued to uphold profitability growth, driven largely by its organic growth strategy in its loans and deposits businesses, coupled with its strong and stable asset quality and cost efficiency. These enabled the Group to continue delivering a leading set of financial performance indicators amongst its peers, with its net return on equity standing at 14.7%, cost-to-income ratio at 33.0% and gross impaired loans ratio at 0.5%.
 
For the 3rd quarter of 2018, the Group reported a net profit of RM1.38 billion. The reflects a growth of 1.6% from the operational net profit of RM1.36 billion achieved in the previous corresponding quarter, after excluding a one-off capital gain on investment of RM43 million.

Public Bank’s Founder and Chairman, Tan Sri Dato’ Sri Dr. Teh Hong Piow has added another feather to his already illustrious cap with the latest award ‘The BrandLaureate Hall of Fame – Lifetime Achievement Award 2018 - MAN OF THE YEAR’ by the Asia Pacific Brands Foundation.
 
The award was presented by Dr. KKJohan, President, The BrandLaureate at a ceremony held in Singapore on 16 October 2018. At the same ceremony, Public Bank was also the recipient of the BrandLaureate BRAND OF THE YEAR Award 2018 for having fulfilled the selection criterion of Brand Strategy, Brand Culture, Brand Innovation, Brand Loyalty, Brand Communication and Brand Leadership.

As at todate, Public Bank has amassed more than 580 corporate awards of excellence and distinction, while Tan Sri Teh has accumulated 40 personal-to-holder awards of lifetime achievements and exemplary leadership.
 

The 7th Red Carpet Banking (RCB) Centre was officially opened on 5 October 2018. Located at Mont Kiara Branch, it marked another milestone for Public Bank in growing the Bank’s high networth customer base.
 
The opening was officiated by the Regional Manager of WP/Selangor Region II, Mr. David Yeow.

The opening of the Bandar Kinrara (the 50th branch in Selangor) to the public on 28 September 2018 has brought the total number of Public Bank branches in Malaysia to 262 branches.
 
Regional Manager of WP/Selangor Region III, Mr. Siow Chan Chun was present to oversee the smooth flow of the opening and to build good rapport with the customers together with the Branch Manager, Ms. Chan Lee Lan.