Public Bank’s net profit up 3% to $1b in 2022

A second interim dividend of 4 sen per share has been announced.

Public Bank has recorded a net profit attributable to shareholders of approximately $1b (RM4.41b) for the first nine months of 2022, according to the latest earnings report released by the bank. This is 3% higher than the corresponding period in 2021.

The bank announced a second interim dividend of 4 sen per share, with a total dividend payout of around $176m (RM776.4m). The second interim dividend will be paid on 23 December.

Pre-tax profit improved 13.5% from a year ago to $1.43b (RM6.31b) over the same period of comparison.

ALSO READ: Public Bank H1 profits stumble over one-off prosperity tax

Higher net interest income coupled with lower impairment allowances helped propel Public Bank’s profits. Net interest income grew by 7.7% in 9M 2022 compared to a year ago, whilst loan impairment allowances fell by 70%.

The bank’s loans grew 5.8% during the period, whilst deposits also climbed 3.5% during the first nine months of the year. Net return of equity is at 12.4%, whilst its cost-to-income ratio is 32.6%.

Also Read

Taiwan’s Hua Nan’s asset quality to remain sound through 2025

Robust employment, stable housing market anchors CUB’s profits

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit