KUALA LUMPUR, Oct 22 (Bernama) — Public Bank Group recorded a pre-tax profit of RM3.968 billion for the first nine months of its financial year ending December 31, 2013, an increase of 5.7 per cent from the same period last year.
Revenue rose to RM11.345 billion from RM10.428 billion previously.
“Despite the protracted external uncertainties, the Malaysian economy remained resilient in the first nine months of 2013, supported by strong domestic demand that continued to drive growth in the economy," its Founder and Chairman Tan Sri Dr Teh Hong Piow said in a statement today.
He said the Group recorded healthy growth in both loans and deposits at an annualised rate of 12.0 per cent and 13.2 per cent respectively in the nine-month period.
“With the continued healthy growth in loans and deposits, coupled with stringent credit control and prudent cost management, the Group continued to be at the forefront among its banking peers in Malaysia.
“We achieved the highest net return on equity of 22.4 per cent, lowest gross impaired loan ratio of 0.7 per cent as well as lowest cost-to-income ratio of 30.7 per cent,” he said. — Bernama
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