Malaysia’s Public Bank extended $2.6b 'affordable home' loans in 2022

The bank has given out RM67b in commercial loans to Malaysian SMEs.

Malaysia’s Public Bank extended almost $2.6b (RM11.85b) in loans for “affordable homes” in end-2022.
 
This is part of Public Bank’s goal to extend RM15b for affordable home financing by 2025, under its commitment to mobilise RM48b in environmental, social, and governance (ESG) friendly financing.

“Public Bank has been ensuring that access to financing remains available to facilitate a conducive environment for sustainable economic growth while supporting the livelihood of the society at large,” said Public Bank’s managing director and CEO Tan Sri Dato’ Sri Dr. Tay Ah Lek

The bank also has a RM67b domestic exposure to small and medium enterprises (SMEs), based on commercial lending as at end-2022. This is equivalent to 18.6% of the industry market share, Public Bank said.