KUALA LUMPUR, Aug 29 — Public Bank Bhd posted a higher net profit of RM1.62 billion during the second quarter ended June 30, 2023 (2Q 2023) compared to RM1.42 billion in 2Q 2022.
Revenue jumped to RM6.26 billion from RM4.97 billion previously, it said in a filing with Bursa Malaysia today.
For the first half ended June 30, 2023 (1H 2023), the bank’s net profit increased to RM3.33 billion from RM2.82 billion in 1H 2022, while revenue improved to RM12.39 billion from RM9.86 billion previously.
The bank said its performance in 1H 2023 was mainly driven by continued healthy loans and deposit growth, prudent cost management as well as stable asset quality. — Bernama
