Public Bank Berhad () is a

bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

based in

Kuala Lumpur , anthem = '' Maju dan Sejahtera'' , image_map = , map_caption = , pushpin_map = Malaysia#Southeast Asia#Asia , pushpin_map_caption = , coordinates = , su ...

Malaysia Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two r ...

, offering financial services in Malaysia as well as the

Asia-Pacific Asia-Pacific (APAC) is the part of the world near the western Pacific Ocean. The Asia-Pacific region varies in area depending on context, but it generally includes East Asia, Russian Far East, South Asia, Southeast Asia, Australia and Pacific Isla ...

region. The bank was founded in 1966 by

Teh Hong Piow Teh Hong Piow (; 14 March 1930 – 12 December 2022) was a Malaysian banker and businessman. He was the founder, chairman, director, and adviser to the Public Bank Berhad in Malaysia. Teh was one of three individuals in the country who were per ...

, the then general manager of Malayan Banking. The bank was listed on the Malaysian Stock Exchange in 1967. Public Bank is currently one of the largest banks in Southeast Asia, with over RM 363.76 billion (US$91.26 billion) of assets and RM71.90 billion (US$18.04 billion) in

market capitalization Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by t ...

in 2015. Public Bank is the largest bank in Malaysia by shareholders' funds, second largest by

, just behind

Maybank Malayan Banking Berhad (doing business as Maybank) is a Malaysian universal bank, with key operating "home markets" of Malaysia, Singapore, and Indonesia. According to the 2020 Brand Finance report, Maybank is Malaysia's most valuable bank b ...

and third largest by total assets, behind

and

CIMB CIMB Group Holdings Berhad () is a Malaysian universal bank headquartered in Kuala Lumpur and operating in high growth economies in ASEAN. CIMB Group is an indigenous ASEAN investment bank. CIMB has a wide retail branch network with 1,080 bran ...

. Public Bank currently offers a comprehensive range of financial products and services which include

personal banking Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking. Banking servi ...

commercial banking A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with cor ...

Islamic banking Islamic banking, Islamic finance ( ar, مصرفية إسلامية), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economic ...

investment banking Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated wit ...

, share broking, trustee services, nominee services, sale and management of unit trust funds,

bancassurance Bancassurance is a relationship between a bank and an insurance company that is aimed at offering insurance products or insurance benefits to the bank's customers. In this partnership, bank staff and tellers become the point of sale and point of ...

and general insurance products. Public Bank's strategy is centered on growth in the

retail banking Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking. Banking servi ...

business particularly on the retail consumers and small and medium enterprises ("SMEs").

Operations

The Public Bank Group is well known for its strong financial performance and consistent prudent management. It is consistently accorded with strong credit and financial ratings from local and foreign rating agencies. Public Bank gained a long-term rating of AAA the Rating Agency Malaysia. It is the highest rating accorded by Rating Agency Malaysia. It also received a short-term rating of P1 with stable outlook.

Standard & Poor's S&P Global Ratings (previously Standard & Poor's and informally known as S&P) is an American credit rating agency (CRA) and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is con ...

reaffirmed Public Bank's A- long-term rating and A-2 short-term counterparty credit rating with stable outlook.

Moody's Investors Service Moody's Investors Service, often referred to as Moody's, is the bond credit rating business of Moody's Corporation, representing the company's traditional line of business and its historical name. Moody's Investors Service provides international ...

reaffirmed Public Bank's foreign currency long-term deposit rating of A3 and short-term deposit rating of P-2 with stable outlook. Public Bank currently has a network of 259 branches and over 2000 self terminals in

. The company also has its presence in the

region with a network of 1 subsidiary in

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...

( Public Bank (Hong Kong) Limited, with 79 branches), 1 subsidiary in

Cambodia Cambodia (; also Kampuchea ; km, កម្ពុជា, UNGEGN: ), officially the Kingdom of Cambodia, is a country located in the southern portion of the Indochinese Peninsula in Southeast Asia, spanning an area of , bordered by Thailand t ...

(Cambodian Public Bank Plc, with 30 branches), 1 subsidiary in

Vietnam Vietnam or Viet Nam ( vi, Việt Nam, ), officially the Socialist Republic of Vietnam,., group="n" is a country in Southeast Asia, at the eastern edge of mainland Southeast Asia, with an area of and population of 96 million, making i ...

(

Public Bank Vietnam Public Bank Vietnam Limited (PBVN) ( Vietnamese: Ngân hàng TNHH MTV Public Việt Nam) is a bank based in Hanoi, Vietnam, offering financial services in Vietnam. It was transformed from VID Public Bank (VIDPB) - a joint venture between Bank for ...

Limited, with 12 branches), 4 branches in

Laos Laos (, ''Lāo'' )), officially the Lao People's Democratic Republic ( Lao: ສາທາລະນະລັດ ປະຊາທິປະໄຕ ປະຊາຊົນລາວ, French: République démocratique populaire lao), is a socialist ...

, 3 branches in

China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

and 3 branches in

Sri Lanka Sri Lanka (, ; si, ශ්‍රී ලංකා, Śrī Laṅkā, translit-std=ISO (); ta, இலங்கை, Ilaṅkai, translit-std=ISO ()), formerly known as Ceylon and officially the Democratic Socialist Republic of Sri Lanka, is an ...

. In total, the company serves more than 9 million customers in countries where it operates.

Subsidiaries

Malaysia

*Public Islamic Bank *Public Investment Bank *Public Mutual Berhad *Public Bank (Labuan) *PB Trustee Services *

Hong Kong

* Public Bank (Hong Kong) Limited *Public Finance Limited *Winton (B.V.I.) Limited

Cambodia

*Cambodian Public Bank Plc *Campu Lonpac Insurance Plc *Campu Securities Plc

Vietnam

Limited

References

External links

* {{FTSE Bursa Malaysia KLCI constituents 1966 establishments in Malaysia Banks of Cambodia Banks of Malaysia Companies listed on Bursa Malaysia Banks established in 1966 1960s initial public offerings