Public Bank Berhad Reports 6% Rise in 1Q Net Profit
KUALA LUMPUR (May 21, 2025) — Public Bank Bhd (KL:PBBANK), Malaysia’s third-largest bank by assets, announced a 6% increase in net profit for the first quarter of 2025 compared to the same period last year. The bank’s net profit for the first three months ended March 31, 2025 (1QFY2025), was RM1.75 billion, or 9.04 sen per share. This growth is attributed to an expansion in both interest and non-interest income, alongside a reduction in provisions.
The surge in non-interest income played a significant role in the bank’s improved financial performance. This increase was partly driven by the bank’s newly acquired insurance business, which contributed significantly to the overall income. Despite the prevailing challenges in the operating environment, Public Bank’s diversified financial services, including consumer banking, retail commercial lending, and private unit trust, have supported its robust performance.
Public Bank Berhad, a financial institution with a strong presence in Malaysia and several other countries, offers a wide range of services. These include deposit products, loan portfolios, mobile and Internet banking, credit and debit card services, and insurance products. The bank’s extensive network of 265 branches and 2,100 self-service terminals across Malaysia, Hong Kong, China, Cambodia, Vietnam, Laos, and Sri Lanka, primarily serves retail consumers and small to medium enterprises.
In the broader market context, Bursa Malaysia experienced mixed performance throughout the week. The benchmark index, FTSE Bursa Malaysia KLCI (FBM KLCI), saw fluctuations, closing lower at the end of the week despite some gains earlier in the week. The market’s cautious undertone was influenced by regional market performance and economic data.
Public Bank’s financial resilience and strategic growth initiatives continue to position it as a leading player in the financial sector, demonstrating its ability to navigate market challenges while capitalizing on growth opportunities.