Malaysia's Public Bank posts record 2012 pre-tax profit

Public Bank's pre-tax profit rose to RM5.104 billion in 2012 from RM4.878 billion in 2011.

During the period, revenue surged to RM14.058 billion from RM12.756 billion previously, the banking group said in a filing to Bursa Malaysia here today.

Founder and Chairman Tan Sri Teh Hong Piow noted that the banking group achieved a milestone with its pre-tax  profit in 2012 as it surpassed the RM5 billion mark for the first time.

He said the group's balance sheet position remained strong and continued to be supportive of loans growth. The group's gross loans grew by 11.3 per cent during the year to RM198 billion as at end-2012 with domestic loans growing at a faster pace of 12.5 percent over the same period, he said.

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