Public Bank sees the importance of Online Security and is ever committed in providing a safe and secure banking environment to its customers.
To further empower and educate customers on ways to protect themselves against frauds and scams, the Bank has stepped up its efforts by conducting a Scam Awareness initiative at Pavilion Bukit Jalil from 25 November 2022 to 26 December 2022.
Public Bank's Managing Director and Chief Executive Officer, Tan Sri Dato’ Sri Dr. Tay Ah Lek said, "Our customers' online banking safety remains our top priority. The Bank is extending its efforts in reaching out to educate and assist the public on scam related concerns through this initiative."
The Bank has stationed its well-trained staff on-ground to ensure that the public is continuously informed and equipped with the necessary information and awareness on the different types of modus operandi involving frauds and scams.
In addition, the Bank has taken further steps by providing 24-hour assistance to customers via the Bank's Case Management unit. "As time is of the essence, Public Bank's hotline is made available 24/7 to assist affected customers with the necessary and timely assistance," said Tan Sri Tay.
In conjunction with the National Scam Awareness Campaign launched on 30 October 2022, the Bank has prepared various digital and non-digital materials to raise customers’ awareness on the importance of staying vigilant at all times, understanding the different types of modus operandi involving frauds and scams, ways to safeguard their banking information and other precautionary measures to protect themselves from scammers.
On 12 December 2022, Public Bank Vietnam (PBVN) opened Hai Ba Trung Transaction Bureau (TB) under Hanoi Branch in Hanoi City, expanding the Bank’s total network across the country to 32 branches.
Mr. Chee Keng Eng, General Director of PBVN, together with other Senior Management staff graced the opening ceremony and congratulated Mr. Le Huu Hung, the TB Manager for successfully opening the branch. The team is positive to make further inroads for business opportunities in this vibrant commercial and residential district.
RM8.83 Billion Pre-Tax Profit for 2022 and 5.0 Sen Third Interim Dividend Declaration
For the financial year 2022, the Public Bank Group’s pre-tax profit increased by 19.9% to RM8.83 billion, surpassing the RM8 billion mark for the first time.
Net profit attributable to shareholders increased by 8.2% to RM6.12 billion after taking into account the one-off impact of prosperity tax.
Tan Sri Dato’ Sri Dr. Tay Ah Lek, Managing Director and Chief Executive Officer of Public Bank announced that the Board of Directors of Public Bank declared a third interim dividend of 5.0 sen per share.
Operating Results
In 2022, the Public Bank Group delivered an operating profit before loan impairment and other allowances of RM9.20 billion, representing 7.3% growth as compared with 2021.
Loans and Deposits Businesses
In 2022, the Public Bank Group’s total loans expanded by 5.3% to RM376.9 billion. Domestic loans grew by 5.2% to RM352.1 billion, mainly contributed by growth in residential properties financing of 7.5% and hire purchase financing of 8.9%. Total domestic loans approval rose by 18.8% in 2022, further strengthening the Group’s leading market share in the residential properties and hire purchase financing which stood at 20.6% and 30.2% respectively. The Group also continued to maintain a leading market share of 18.6% in the domestic SME lending.
On deposits business, total customer deposits grew by 3.8% to RM394.7 billion in 2022. Domestic deposits rose by 4.1% to RM367.1 billion, mainly supported by current accounts and fixed deposits which grew by 5.8% and 4.2% respectively.
The Public Bank Group continued to maintain a healthy balance sheet with a gross loan to fund and equity ratio of 81.1% as at the end of 2022.
Asset Quality
As at the end of 2022, the Public Bank Group continued to sustain a resilient gross impaired loans ratio of 0.4%, significantly lower than the domestic banking industry’s average gross impaired loan ratio of 1.7%.
Non-interest Income
In 2022, the Public Bank Group’s unit trust business undertaken by its wholly-owned subsidiary, Public Mutual remained the main contributor to the Group’s non-interest income. Public Mutual recorded a pre-tax profit of RM780.4 million in 2022, contributing 8.8% to the Group’s profit. As at the end of December 2022, Public Mutual continued to capture a large retail market share of 35.4%, with a total of 179 unit trust funds and total assets under management of RM91.8 billion.
Overseas Operations
Public Bank Group’s overseas operations contributed 7.5% to the Group’s profit, mainly attributed to its Hong Kong and Indochina operations.
In 2022, Public Bank Vietnam achieved a profit growth of 23.4%, while Cambodian Public Bank recorded profit growth of 17.9%. To continue capturing good growth opportunities in Indochina, the Public Bank Group will continue to expand its branch network in the region. In Vietnam, following the opening of 3 new branches in 2022, the Group is targeting to open another 8 new branches in 2023 to reach a total of 40 branches. The Group will also continue to expand its range of banking products and services in Vietnam.
Capital and Liquidity Position
As at the end of December 2022, the Group’s capital position remained healthy with common equity Tier 1 capital ratio, Tier 1 capital ratio and total capital ratio standing at 14.6%, 14.6% and 17.6% respectively, after deducting the third interim dividend. Liquidity coverage ratio also remained stable and healthy at 127.7%.
Dividend
The third interim dividend was paid on 22 March 2023 based on the dividend entitlement date of 14 March 2023. Together with the total of first and second interim dividend of 12.0 sen per share declared earlier, the full year dividend for 2022 amounts to 17.0 sen. This represents a total dividend payout of RM3.30 billion or 53.9% of the Group’s net profit for 2022.
Group’s Prospects
Malaysia’s economic growth in 2023 is projected to remain on a positive trajectory supported by resilient domestic demand. However, global headwinds caused by elevated inflationary pressure, tighter monetary policy conditions, persistent supply disruption and geopolitical tensions are likely to continue to weigh on the economy.
Tan Sri Tay said, “The persisting economic challenges will continue to have spillover effects on the banking sector. Consumer and business sentiments will continue to be affected by the high inflationary pressure and softening global growth. However, outlook on the Malaysian economy remains positive, and this will continue to support a conducive environment for banking business growth.
As the Group continues to grow its retail and commercial banking business, it will remain focused on digital transformation, sustainability agenda as well as staff upskilling and reskilling, to ensure sustainable earnings growth and safeguard stakeholders’ interests at all times.”
Financing and Installation of Solar Photovoltaic Systems for Jeruk Madu Pak Ali Completed
In its continuous effort to promote green financing facilities, Public Islamic Bank Berhad (PIBB) has successfully completed the financing of Solar PV Systems for a renowned local brand Jeruk Madu Pak Ali at its parent company Pak Ali Food Industries Sdn Bhd’s main factory located in Simpang Ampat, Pulau Pinang.
Jeruk Madu Pak Ali is an established brand name started by the company’s founder, the late Haji Ali bin Haji Omar in 1985. The ‘Pak Ali’ brand is amongst the biggest retailers of preserved fruits in Malaysia, with presence in almost all states across the nation.
The Solar panel system was installed by Itramas Technology Sdn Bhd, one of the Bank’s panel Solar companies with the installed size of 182.52 kWp and is expected to benefit the company a potential savings of up to 80% on electricity. Pak Ali Food group of companies will gradually convert to solar panel systems to take advantage of the long term savings and incentives under this scheme, while also supporting the ESG proposition.
PIBB has been aggressively promoting Solar financing for both residential and commercial sectors. The Solar financing program is among the many initiatives undertaken by the Bank to contribute positively towards the well-being of our society as part of the it’s Value Based Intermediation (VBI) related products and services.
In supporting the nation’s agenda towards realising the net zero carbon emissions by 2050, PIBB will continuously play its role as financial institution that provides a wide range of green financing offerings for both retail and commercial customers.
Public Investment Bank Berhad (PIVB) successfully listed its client DS Sigma Holdings Berhad (DS Sigma) on the ACE Market of Bursa Malaysia Securities Berhad on 6 January 2023.
As the Principal Adviser, Sponsor, Sole Underwriter and Sole Placement Agent to DS Sigma, PIVB successfully helped DS Sigma raise RM50.15 million via the IPO exercise. DS Sigma has a market capitalisation of RM264.00 million upon its listing. Shares of DS Sigma opened at a premium of 47% to its IPO price.
Prior to the listing, on 13 December 2022, DS Sigma launched its Prospectus pursuant to its Initial Public Offering (IPO) exercise.
The Prospectus was launched at the Pavilion Hotel Kuala Lumpur by the Managing Director of DS Sigma, Ms. Lucille Teoh Soo Lien and Mr. Lee Yo-Hunn, Chief Executive Officer of PIVB together with DS Sigma’s Board of Directors.
A total of 13,031 applications for 642.58 million new shares worth RM353.42mil were received from the public, representing an overall oversubscription of 25.77 times.
Ms. Lucille Teoh Soo Lien, MD of DS Sigma (4th from left) and Mr. Lee Yo-Hunn, CEO of PIVB (3rd from right) together with Board Members of DS Sigma
Welcome the 19th RCB Centre Opened at Muar Branch!
6 April 2023 marked another milestone for Public Bank as the Bank has officially opened the 19th Red Carpet Banking (RCB) Centre at Muar Branch in Southern Region II, which is the second RCB Centre in the region.
The official opening was led by the Regional Manager, Mr. Christopher Niap Tien Choy along with Muar Branch Manager, Mr. Chua Wee Hee and the RCB Head, Ms. Toh Sze Kee.
Ms. Toh Sze Kee, Head of RCB Centre together with Mr. Christopher Niap, Regional Manager, Mr. Chua, Branch Manager and the RCB team of Muar Branch.
On 25 February 2023, Campu Bank and AIA (Cambodia) Life Insurance Plc. jointly organised the ‘CPB-AIA Branch Manager Strategies Meeting’ at the Sokha Phnom Penh Hotel & Residence for the second time to enhance the good partnership between the two entities.
Mr. Ngor Lyko, Chief Operating Officer and Mr. Phok Ratha, Chief Partnership Distribution Officer of AIA (Cambodia) Life Insurance Plc., Branch Managers with the AIA team
Campu Bank was awarded with ‘USD 2022 Straight-Through-Processing (STP) Excellence Award’ by the Bank of America Merrill Lynch, one of the world’s leading financial institutions for its exceptionally high accuracy in the processing of payment messages for 6th consecutive year from 2017 to 2022 on 28 March 2023.
On 3 February 2023, Campu Bank was awarded with the ‘Leadership in Spend Per Active Card for VISA Credit in Affluent Segment 2021’ by Visa International.
The award was received at the Visa Card Client Appreciation Night 2023 which was held in Hyatt Regency Phnom Penh.
A Courtesy Visit by The Foundation of Environmental Education
Public Bank was honoured to welcome Mr. Daniel Schaffer, Chief Executive Officer of the Foundation of Environmental Education (FEE) during his courtesy visit to Menara Public Bank on 15 August 2023.
Tan Sri Dato’ Sri Dr. Tay Ah Lek and Dato’ Chang Kat Kiam welcomed Mr. Daniel and officials from the Green Growth Asia Foundation (GGAF) at the 32nd Floor of Menara Public Bank.
This visit gave a respectful engagement between the two Organisations and the opportunity to deliberate on meaningful discussions and exchange of ideas on environmental matters.
Mr. Daniel was on a 12-day visit to the schools under the FEE in Korea and the South East Asia countries to promote on sustainable development through environmental education.
Established in 1981, the FEE is one of the world’s largest environmental education organisations with over 100 member organisations in 81 countries.
Tan Sri Tay Ah Lek having a brief discussion with Mr. Daniel Schaffer (seated second from right) during his visit to Public Bank, present also were Dato’ Chang Kat Kiam, Dato’ Razak Dali and GGAF’s officials
Namaste! Public Bank Welcomes Delegates from Nepal
Fifteen delegates from the NMB Bank of Nepal paid a visit to Menara Public Bank on 19 April 2023. The study tour was organised by the Malaysian Institute of Management for the delegates to visit local Financial Institutions as part of their short overseas study programme on ‘Banking Leaders Programme and Study’.
The Group was welcomed by Dato’ Sulaiman Manap, the Bank’s Senior Chief Operating Officer before being enlighten about the Organisation through Public Bank’s corporate video, followed by talks from various divisions with an in-depth and first-hand information on the Bank’s business models, operations model, digitalisation initiatives and best practices. Before they bid farewell, they went for a short tour that includes a visit to the Red Carpet Banking, KL City Main Office and to the Dealing Room at the Treasury Division.
Pn. Haslinda Othman, Deputy Director of Public Affairs Division with the Managers of NMB Bank of Nepal
Public Bank Berhad and Perodua Sales Sdn Bhd (Perodua) signed a Memorandum of Collaboration (MoC) to provide financing facilities to Perodua authorised dealers to extend wholesome financial products and services.
Present at the ceremony on 25 May 2023 at Menara Public Bank were Tan Sri Dato’ Sri Dr. Tay Ah Lek, Dato’ Sri Zainal Abidin Ahmad, President and Chief Executive Officer and En. JH Rozman Jaafar, Chief Operating Officer of Perodua, and other Senior Management staff of both companies.
The collaboration with Perodua enable Public Bank to interface and facilitate digitalisation via online submission of hire purchase end-financing applications to the Bank including uploading of basic application documents and tracking of application status.
Public Bank is committed to contribute to the sustainable development of our communities and fuel the nation’s automotive industry and chart stronger progress together in years to come.
From left:
Mr. Wong Man Hoe, Dato’ Chang Kat Kiam, Tan Sri Dato’ Sri Dr. Tay Ah Lek, Dato’ Sri Zainal Abidin Ahmad, President and CEO (Perodua), En. JH Rozman Jaafar, Chief Operating Officer (Perodua) and Cik Noor Zakiyah Binti Hasan, Group CFO (Perodua) at the signing ceremony of MoC
The Public Bank’s 57th Annual General Meeting (AGM) was successfully conducted on 15 May 2023 hybrid virtually and physically in Menara Public Bank.
Managing Director and Chief Executive Officer, Tan Sri Dato’ Sri Dr. Tay Ah Lek presented a review of the Public Bank Group’s performance in 2022 and the Group’s strategic direction.
The Group continues to deliver consistent and superior returns to its shareholders. The stable performance of Public Bank shares coupled with the consistent dividend payout had further increased the value for a long term shareholder. With total market capitalisation of RM77.06 billion today, Public Bank is the second largest company and the largest non-government linked company on Bursa Malaysia.
On the Public Bank Group’s strategic direction and outlook, Tan Sri Tay commented, “The operating environment will remain challenging in 2023. Nevertheless, the late Tan Sri Dato’ Sri Dr. Teh Hong Piow has left behind a legacy of banking excellence with solid foundation and strong corporate culture. His legacy will continue to propel the Group to greater heights.”
From left: Ms. Chang Siew Yen, Senior Chief Operating Officer, Tan Sri Dato’ Sri Dr. Tay Ah Lek, Managing Director and Chief Executive Officer, Mr. Lai Wan, Chairman, Pn. Wan Marhanim binti Wan Muhammad, Secretariat Director and Dato’ Megat Iskandar Shah (EY) posing for the camera during the AGM
PB Trustee Services Berhad (PBTSB) was given the opportunity to share the knowledge and experiences on Private Trust with the members of Penang Down Syndrome Association.
The session was held on 19 March 2023 at Berjaya Penang Hotel in conjunction with the 24th Annual General Meeting of Penang Down Syndrome Association. The speaker from PBTSB, Mr. Shawn Lee shared on information and create awareness on the importance of protecting special needs children with Private Trust.
A Private Trust is an effective and essential tool for providing financial assistance and security to individuals with special needs, such as Down Syndrome. By setting up a trust, an individual can ensure that their loved ones are able to access to the financial resources they require throughout their lives. In a long term, Private Trust offers a safe and effective approach to administer and preserve your wealth while also financially caring for your dependents.
Mr. Shawn Lew conducting the talk for members of Penang Down Syndrome Association
PB Trustee Services Berhad (PBTSB) was awarded the Top Trustee for Conventional Bond Issuance at the prestigious BPAM Bond Market Awards 2023 held on 8 March 2023 at Hilton Kuala Lumpur.
PBTSB wished to express their sincere gratitude to its esteem clients, valued partners, investment bankers and issuers for their trust, continuous support and confidence for making PBTSB achieving this significant milestone. PBTSB will continue to uphold the highest standards of service, and look forward to serving all its stakeholders with the same dedication and professionalism as well as contributing to the growth and success of the industry.
Ms. Choong Sek Fong, Deputy Manager of PBTSB receiving the award from En. Meor Amri Meor Ayob, Chief Executive Officer of BPAM
On 22 March 2023, Public Bank Vietnam (PBVN) participated in the Roundtable Discussion with the Malaysian Business Community in Vietnam which was organised by Malaysian of Investment, Trade and Industry (MITI) Hanoi Overseas Office at Sheraton Hotel, Hanoi.
The Roundtable Discussion was chaired by the Ambassador of Malaysia to Vietnam, His Excellency Dato’ Tan Yang Thai and was participated by 17 Malaysian business representatives from various industries.
His Excellency Dato’ Tan Yang Thai, Ambassador of Malaysia to Vietnam (seated in the centre) and Mr. Chee Keng Eng (seated 3rd from right) in a group photo with other participants
Public Financial Holding Limited Annual General Meeting 2023
The 32nd Annual General Meeting (AGM) of Public Financial Holdings Limited (PFHL) was held at Kowloon Shangri-La Hotel on 24 March 2023 chaired by Mr. Lai Wan, the Non-Executive Chairman of the Company. The shareholders participated in the meeting by posting questions and their comments on PFHL’s overall performance with the Board members. The AGM proceeded smoothly with all the resolutions put forth to the meeting duly passed.
Public Islamic Bank Berhad (PIBB) has entered into a strategic collaboration for the iTEKAD initiative through the signing of Memorandum of Understanding (MoU) with Institut Keusahawanan Negara (INSKEN) and Majlis Agama Islam Wilayah Persekutuan (MAIWP) on 18 May 2023 at Menara Public Bank.
iTEKAD is a social finance initiative pioneered by Bank Negara Malaysia (BNM) to empower the underbanked and unbanked customer segment, particularly those in the Asnaf and B40 category.
The signing ceremony of the MoU was attended by the Chief Executive Officer of PIBB, En. Syamsul Azuan Ahmad Fauzi, Chief Executive Officer of INSKEN, En. Muhd Firdaus Azharuddin, and Acting Chief Executive Officer of MAIWP, En. Mohd Nizam Haji Yahya.
CEOs of PIBB (Centre), INSKEN & MAIWP after the signing event
On 26 June 2023, Russey Keo Branch of Campu Bank in Phnom Penh City had officially expanded the Bank’s total network across the country as the 32nd branch.
Mr. Ong Ming Teck, Chief Executive Officer of Campu Bank, together with other Senior Management staff graced the opening ceremony and congratulated Ms. Puoy Putheavy, the Branch Manager for successfully opening the branch.
The new Branch is positive to make further inroads for business opportunities in this vibrant commercial and residential district. Russey Keo Branch, all the best!
Sustainable Development Promoted to SME Developers
A seminar was organised by Public Bank to raise awareness on sustainability matters among property developers in the Small and Medium-Sized Enterprises (SME) category.
Themed ‘Embracing Sustainable Development: The Way Forward for SME Developers’, the event was held at W Hotel, Kuala Lumpur on 14 June 2023, brought together more than 60 SME property development companies from Kuala Lumpur and Selangor as well as subject matter experts to share valuable knowledge, guidance and insights on the topic of sustainability with the SME delegates.
Public Bank will follow through with more initiatives in the near future to raise the awareness of SMEs on climate change and ESG issues and to assist them to make greener decisions.
Tan Sri Dato’ Sri Dr. Tay Ah Lek (centre) interacting with the SME delegates during the seminar
Amidst Rising Interest Rate, Small Businesses Are Still Being Proactively Supported
Public Bank has been providing repayment assistance to borrowers who are in need including rescheduling and restructuring (R&R) of payment. Borrowers may also request to retain their pre-existing monthly instalment amount prior to the recent increase in the Overnight Policy Rate (OPR).
Digital application for repayment assistance is available at the Bank’s website until 31 December 2023.
Banking Security Features to Combat Scams and Frauds Enhanced
As part of the on-going effort to strengthen banking security for its customers, Public Bank introduced the transaction cooling-off period via PBe internet banking and PB engage MY mobile application for transactions which are deemed abnormal.
This transaction cooling-off period is one of Bank Negara Malaysia’s (BNM) five key measures for combating financial scams and Public Bank has implemented all five of them.
Announced in December 2022 by BNM, the five key measures are a transaction cooling-off period, migrating from SMS to one-time passwords (OTP) to a more secure authentication method, single designated device for authorisation, removal of hyperlinks from SMS and email communications and a 24-Hour Cyber Fraud Security Hotline for customers.
Public Bank’s transaction cooling-off period is a precautionary measure that allows the Bank to review and assess certain transactions that display characteristics of abnormal behaviour. This additional step is designed to minimise the risk of unauthorised transactions and potential fraudulent activities, ensuring the safety of customers’ funds.
FinanceAsia Awarded Public Bank for Its Sustainability Culture
Public Bank received three prestigious awards in the FinanceAsia Country Awards 2023: Best ESG Impact, the Best Bank, and the Best Sustainable Bank. The Bank aims to mobilise RM48 billion in ESG-friendly financing by 2025, achieve carbon neutrality (Scope 1 and 2) by 2030, and net zero carbon by 2050.
To achieve these goals, the Bank actively promotes financial inclusion, offers green financing solutions, provides preferential pricing for environmentally-friendly economic activities, and supports energy-efficient vehicles and solar panel financing. Additionally, Public Bank provides finance for affordable housing and participates in SME financing schemes.
Public Bank established a Sustainability Management Committee in 2022 to integrate sustainability into its operations and formalised climate risk management policies alongside existing governance mechanisms.
Public Bank is the first bank in Malaysia to embark on the Eco-Schools programme, pioneering climate education initiatives using project based learning method in schools, including implementation of projects to reduce greenhouse gas emissions.
As part of its ESG initiatives, Public Bank, together with Green Growth Asia Foundation (GGAF), signed a sponsorship agreement to roll out the Eco-Schools programme involving 20 schools in Pahang, Selangor and Kuala Lumpur for a period of 3 years from 2023 to 2025, with a total sponsorship of RM1.2 million.
The sponsorship agreement was signed by Tan Sri Dato’ Sri Dr. Tay Ah Lek and Ir. Ts. Dr. Mahadi Mohamad, Executive Director of GGAF, and witnessed by Dato’ Chang Kat Kiam and Dr. Balamurugan Ratha Krishnan, GGAF’s Chief Executive on 11 July 2023 in Menara Public Bank.
GGAF is a non-profit organisation incorporated in Malaysia that aims to spearhead initiatives to promote a new green growth strategy that strikes a balance between economic development, social inclusivity and environmental sustainability.
This collaboration with GGAF is one of Public Bank’s initiatives towards achieving its ESG goals, serving as a powerful catalyst for good and joining a global movement to address global challenges while contributing to the nation’s economic transformation and social well-being.
Ir. Ts. Dr. Mahadi Mohamad, Executive Director of GGAF receiving the mock cheque from Tan Sri Tay Ah Lek, in the presence of Dato’ Chang Kat Kiam and Dr. Balamurugan Ratha Krishnan (right)
Making Our Presence Felt At Karnival Celik Kewangan Kelantan 2023
Public Bank jointly with Public Islamic Bank took part in Karnival Celik Kewangan (KCK) Kelantan 2023 which was held on 16 and 17 June 2023 at AEON Mall, Kota Bharu, Kelantan. The Bank’s East Coast Region has participated in the carnival to promote products and services, particularly Islamic products.
The Case Management team of Digital Support, Wealth Management & Transaction Banking from Head Office was also present at the carnival to promote scam awareness.
KCK Kelantan 2023, organised by Bank Negara Malaysia (BNM) is a rebranding of the previous flagship Karnival Kewangan (KK) which emphasises the importance of financial inclusion being accompanied by financial literacy. KCK Kelantan 2023 aimed to provide timely financial education and advisory to the public based on realities of Kelantan consumers’ issues.
The opening ceremony was officiated by the Assistant Governor of BNM, En. Suhaimi Ali who emphasised on building financial strength and the usage of digital payment system, amongst others.
Students from more than 50 schools, colleges and universities around Kota Bharu area were invited to visit the carnival and were briefed on financial literacy. More importantly, the Bank has further empowered and educated the public on ways to protect themselves against fraud and scams.
En. Suhami Ali (second row centre) together with Public Bank and Public Islamic Bank staff
Many were seen visiting our booth during the event
Public Bank’s commitment towards the nation’s e-payments ecosystem has been recognised with ‘Outstanding Contribution to Cross Border Payments’ at the Malaysian e-Payments Excellence Awards (MEEA) 2023 held on 16 August 2023 at Hilton Kuala Lumpur Hotel.
The MEEA is held annually by Payments Network Malaysia Sdn. Bhd. (PayNet) to recognise outstanding achievements of banks, non-banks, businesses and government agencies that have significantly contributed towards the excellence, innovation and growth of the nation’s digital ecosystem.
Public Bank is one of the pioneer banks in Malaysia which has enabled DuitNow QR payment in three ASEAN countries – Indonesia, Singapore and Thailand. With this, Public Bank is playing a significant and important role in enhancing the e-payments growth by providing wider and swifter cross border transaction.
(From left) PayNet's Group Chief Executive Officer Mr. Farhan Ahmad, Public Bank's Senior Chief Operating Officer Dato' Sulaiman Abd Manap and PayNet's Chairman Datuk Ahmad Hizzad Baharuddin at the MEEA 2023
Public Bank and smart Malaysia Aims at Financing Revolutionise Industry Standards
Public Bank formalised a collaboration with Proton New Energy Technology Sdn Bhd (PRO-NET) with the signing of a Memorandum of Collaboration (MoC) on 9 August 2023 at Menara Public Bank to provide financing facilities on a wholesome financial products and services, and to embark on digitalisation via systems integration with smart Malaysia and its authorised dealers.
This collaboration will enable Public Bank to interface and facilitate digitalisation via online submission of hire purchase end-financing applications and Floor Stocking facility through smart customer App and their authorised dealers thus improving the market shares in the Electric Vehicle (EV) automotive industry.
PRO-NET is an exclusive authorised importer and distributor for smart vehicles in Malaysia and Thailand. These strategic appointments are expected to accelerate the sales of the company’s all-new innovative EV. The initial offering for the Malaysian market is the award-winning smart #1, which recently made its debut at Electric Vehicle Expo (EVx) 2023 in Setia City Convention Centre, drawing attention from local fans and sparking lively discussions on social media.
PRO-NET is the first EV brand to collaborate with Public Bank, smart is leading the way in pioneering a transformation of the banking industry’s digital landscape.
From left, Mr. Wong Man Hoe, General Manager of HP Operations Division, Dato' Chang Kat Kiam, Tan Sri Dato' Sri Dr. Tay Ah Lek, En. Roslan bin Abdullah, CEO of Proton Edar Sdn Bhd (PESB) and Board Member of Pro-Net, Mr. Zhang Qiang, CEO of Pro-Net and Mr. Wang Huaibing, Board Member of Pro-Net at the signing ceremony
RM4.30 Billion Pre-Tax Profit for H1 2023 and 9.0 Sen First Interim Dividend Declared
For the first half of 2023, the Public Bank Group recorded pre-tax profit of RM4.30 billion and net profit of RM3.33 billion, growing by 7.0% and 18.4% respectively compared with the corresponding period in 2022.
The profit performance was mainly driven by the Group’s continued healthy loans and deposits growth, prudent cost management as well as stable asset quality. In view of the resilient financial performance in the first half of 2023, the Board of Directors of Public Bank declared a first interim dividend of 9.0 sen per share.
The global economy is expected to grow modestly in 2023. Global headwinds due to high inflationary pressure and tightening in financial conditions remain, with downside risks stemming from a potential widespread of banking stress in several advanced economies.
Tan Sri Tay said in a statement dated 29 August 2023, “With the continued expansion of the Malaysian economy, the business prospect of the banking sector remains positive. Further to that, there are growing opportunities arising from the increasing demand for digital banking and ESG products. However, the post pandemic recovery has been challenging. The Public Bank Group will remain vigilant to prevailing downside risks, while staying agile in onboarding viable business opportunities.”
Tan Sri Tay added, “On addressing scams, the Group continuously enhances online security with various new measures. These include the implementation of a stronger authentication method known as the PB SecureSign to replace SMS PAC authentication for online transactions approval. Public Bank has also introduced a cooling-off period for banking transactions which are deemed higher risk or abnormal, providing additional security to minimise the risk of scams.”
Tan Sri Tay concluded, “Safeguarding the interests of stakeholders will always be the Public Bank Group’s top priority.”
Deepening Business Ties: Public Bank's Ongoing Collaboration with Resona Group, Japan
Public Bank and Resona Bank (RB) have been actively cultivating their relationship with the Japanese business community in Malaysia since the signing of a Memorandum of Understanding (MoU) in 2013. This partnership has recently been reinforced with the secondment of Mr. Yuki Shiina from RB to Public Bank in June 2022.
On 15 August 2023, Mr. Shoichi Iwanaga, the newly appointed President and Representative Director of Resona Bank, Ltd., Tokyo, and Executive Officer of Resona Holdings, Inc., Tokyo, paid a courtesy visit to Tan Sri Dato’ Sri Dr. Tay Ah Lek and Dato’ Chang Kat Kiam. This visit signified Mr. Iwanaga's inaugural trip in his new role and underscores the growing collaboration between these two banks, affirming the commitment to strengthening ties within the Japanese business community in Malaysia.
RB has observed a rising trend of Japanese companies expanding their international presence, with a focus on business opportunities in ASEAN, including Malaysia. RB aims to maintain a robust business partnership with Public Bank.
In addition to fostering greater collaboration in facilitating business interactions with Japanese companies and their affiliates in Malaysia, both Public Bank and RB are working closely to enhance remittance services and extend their reach to the Japanese community in countries where Public Bank operates.
During the visit with RB’s secondee, Mr. Yuki Shiina (second left) and Mr. Shoichi Iwanaga (third left) hosted by Tan Sri Tay Ah Lek and Dato’ Chang Kat Kiam
The Consulate General of Malaysia in Ho Chi Minh, Malaysia External Trade Development Corporation (MATRADE), Tourism Malaysia Vietnam, Education Malaysia, together with the Malaysia Business Chamber Vietnam (MBCV) jointly launched MALAYSIA MADANI Week in Ho Chi Minh City from 9 to 18 June 2023 in conjunction with the 50th anniversary of bilateral relations between Malaysia and Vietnam.
The exhibition showcased few major segments including Malaysia Education Fair, Malaysian Food and Cultural Promotion Programme and B2B Business Seminar and Networking. A total of 19 Malaysian business brands and 11 Malaysian public and private universities participated in making the event a success.
Public Bank Vietnam (PBVN) was one of the corporate exhibitors and sponsors of the event. Branch Managers and staff actively engaged visitors at the booth to promote the Bank’s products and services. The event was surely a good platform for Malaysian businesses to expand their network and branding as well as to promote Malaysia in Vietnam.
Malaysia Madani Pavilion with 30 Malaysian business brands participated
PBVN team, here we go!
Mr. Chee Keng Eng (right) receiving the Certificate of Appreciation from Dato’ Tan Yang Thai, Ambassador of Malaysia to Vietnam (left)
Public Mutual has been awarded as the Islamic Asset Manager of the Year, Malaysia (Retail) at The Asset Triple A Islamic Finance Awards 2023 on 16 August 2023. This accolade marks an incredible thirteen-year winning streak, reinforcing Public Mutual’s excellent track record as an Islamic Asset Manager. With this award, Public Mutual stands tall as the most-awarded private unit trust company in Malaysia with an award tally of 556.
Public Mutual's Islamic funds have once again garnered international acclaim, as four of its Shariah-compliant funds achieved prestigious recognition for their exceptional performance at the Refinitiv Lipper Fund Awards 2023 - Global Islamic on 17 May 2023. These accolades stand as a resounding testament to the unwavering commitment and dedication of the team in delivering long-term returns to its valued unitholders.
Fourteen-Time Winner of Reader’s Digest Trusted Brand Platinum Award 2023
Public Mutual has once again achieved a remarkable feat by receiving the esteemed Reader's Digest Trusted Brand Platinum Award in the Investment Fund Company category for the fourteenth consecutive year in Malaysia. This accolade solidifies Public Mutual's position as the most-honoured private unit trust company in Malaysia, boasting an impressive total of 555 awards.
Cambodian Public Bank Earns Top Honours for ESG and Diversity & Inclusion
On 3 February 2023, Cambodian Public Bank received prestigious accolades from Asiamoney with awards of the 'Best Bank for ESG in Cambodia' and 'Best Bank for Diversity & Inclusion in Cambodia' for 2023.
Public Bank and Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP) have joined hands to extend RM1 billion in financing to SMEs. This strategic collaboration covers all existing and future financing schemes guaranteed by SJPP, including the Working Capital Guarantee Scheme and PEMULIH Government Guarantee Scheme (PGGS).
With a substantial RM67 billion domestic exposure for SME-based lending as of 2022, Public Bank aims to enhance SMEs' access to financing through this partnership. The strategic collaboration ceremony was held on 21 September 2023 at Menara Public Bank.
Public Bank also revealed its participation in the 'Government Guarantee Scheme MADANI (GGSM),' offering higher guarantee coverage and lower guarantee fees prioritising eligible businesses of High Technology, Agriculture, Manufacturing, and Tourism sectors. Additionally, the collaboration focuses on developing ESG-focused financing schemes to encourage SMEs to adopt sustainable practices, aligning with the nation's digital and sustainable economic growth aspirations.
Pn. Juanita Rusmini Abdul Jalil, Chief Operating Officer of SJPP (fourth from left) and Tan Sri Dato’ Sri Dr. Tay Ah Lek with senior management staff of both organisations during the ceremony.
Sustainable Development Literacy for Property Developers in the Northern Region
With over 180 participants among Northern Region SME property developers from Perak, Penang, Kedah, and Perlis, Public Bank organised a seminar at G Hotel Gurney on 18 October 2023 aimed at raising sustainability awareness that featured experts from PwC Malaysia, Knight Frank, GreenRE, and EcoWorld.
The session discussed on sustainability best practices, climate change, and ESG issues. Real-life case studies were also presented to encourage developers to transition to low carbon, sustainable practices. Public Bank offers Green Financing Facilities and Bank Negara Malaysia’s Low Carbon Transition Facility, covering various green financing solutions for developers.
Full attention of the SME delegates during the session
In the first nine months of 2023, the Public Bank Group demonstrated resilience with a pre-tax profit of RM6.47 billion, marking a 2.6% increase, and a net profit of RM5.03 billion, reflecting a robust 14.3% growth compared to the same period in 2022.
Public Bank Celebrates Double Honours at AICB Gala Dinner
Public Bank emerged as the focal point, securing both distinguished honours. The Platinum Award for ‘Leading Bank for Professional Development’ recognises Public Bank as the Bank with the most number of certified members while the ‘Leading Bank for Chartered Banker’ Platinum Award is a recognition of Public Bank having the most number of Chartered Bankers in the banking fraternity.
The two inaugural awards were presented in a splendid gala dinner hosted by the Asian Institute of Chartered Banker (AICB) on 1 December 2023 at Mandarin Oriental Hotel.
Tan Sri Dato’ Sri Dr. Tay Ah Lek with Tan Sri Azman Hashim and fellow members of AICB
Tan Sri Tay receiving the two awards from Tan Sri Azman Hashim
Welcome PBVN Long An Branch and Di An Transaction Bureau!
Public Bank Vietnam (PBVN) opened Long An Branch in Tay An City, Long An Province on 28 July 2023. Subsequently, on 15 September 2023, Di An Transaction Bureau (TB) was established as the first TB under Binh Duong Branch, situated between Binh Duong and Ho Chi Minh City.
Representatives of SBV with Mr. Chee Keng Eng and
Ms. Nguyen Thanh Suong, Branch Manager of Long An Branch
Public Holdings Secures Prestigious Data Provider Award in 2023
Public Holdings Sdn Bhd (PHSB) has been honoured with the ‘Pembekal Data Kedua Terbaik’ award, clinching second place for the Best Data Provider. The award was presented by the Jabatan Penilaian dan Perkhidmatan Harta (JPPH) of Negeri Johor at the National Property Information Centre (NAPIC) event in 2023.
The award ceremony, held on 25 September 2023, recognised the company’s exceptional contribution to property data provision. In addition to this triumph, PHSB won the ‘Best Lightings Building’ from Dewan Bandaraya Kuala Lumpur (DBKL) earlier in August 2023.
Public Islamic Bank (PIBB) participated in the BNM iTEKAD Networking Event, hosted by Bank Negara Malaysia (BNM) on 22 August 2023, to support sustainable socio-economic development through social finance, the Bank showcased their iTEKAD programme, spotlighting their efforts to foster a more equitable financial ecosystem. The event, endorsed by our Prime Minister, YAB Dato’ Seri Anwar Bin Ibrahim, also acknowledged PIBB’s iTEKAD participant, Pn. Desilawati. She gained recognition for her food product, Putu Mayam Sri Gombak that highlights the success of these community-focused projects.
En. Syamsul Azuan, PIBB CEO (most left) together with Prime Minister, YAB Dato’ Seri Anwar Bin Ibrahim, BNM Governor, Datuk Abdul Rasheed Ghaffour and CEOs of Islamic Banks
Pn. Desilawati an iTEKAD participant from PIBB sharing about her Putu Mayam Sri Gombak business to Prime Minister, YAB Dato’ Seri Anwar Bin Ibrahim
Public Mutual (PMB) has been honoured with multiple accolades at the prestigious The Edge Malaysia ESG Awards 2023, held on 6 November 2023, in the Fund Awards Category, Public e-Carbon Efficient Fund (PeCEF).
PMB’s commitment to sustainability and environmental excellence was recognised with a Silver award in the Environment category of (ESG) and a Gold for Best Low Carbon Fund. This achievement reinforces PMB’s status as Malaysia’s leading unit trust company, boasting an impressive total of 558 awards.
En. Suhami Ali (second row centre) together with Public Bank and Public Islamic Bank staff
Many were seen visiting our booth during the event
