Asia300

Public Bank Bhd.

Malaysia

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 24, 2017
Prev close: 19.96
Mar 24, 2017
Market cap:
Market cap(USD):
77,487.5M
17,509.3M
Shares: 3,882.14M

Currency in MYR

Company profile

Market(Ticker): KLS(1295)
Sector:
Industry:
Finance
Regional Banks
Full time employees: 18,651

Business summary

Public Bank Bhd. engages in the commercial banking and the provision of related financial services. The company operates through the following business segments: Hire Purchase and Retail Operations. The Hire Purchase segment caters to the provision of vehicle financing. The Retail Operations segment provides personal, residential and SME loans. The Corporate Lending segment is channelled to real estate, construction, agriculture and finance sectors. Public Bank was founded by Teh Hong Piow in 1965 and is headquartered in Kuala Lumpur, Malaysia.

Company background

Founded in 1966 by Chairman Teh Hong Piow, Public Bank is one of two banks in Malaysia owned by ethnic Chinese that has managed to avoid being absorbed by bigger players.

Public Bank's strength is in retail banking. It is a leader in property and vehicle lending, as well as in the management of unit trust funds, which has helped the bank remain profitable for nearly a half century. The bank is led by the chairman's right-hand man, CEO Tay Ah Lek, who has been with the bank since its inception. Tay is in his 70s and Teh is in his 80s. There are reports deputy CEO Quah Poh Keat will become the next CEO.

Although the bank has more than 100 overseas branches -- in Hong Kong, Cambodia, Vietnam and Laos -- most of its operating revenue comes from domestic operations. Teh holds a controlling 24% stake in Public Bank and is also a major shareholder in LPI Capital, a listed general insurance company unrelated to the bank.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 18,759.46M
Gross profit --
Operating income 6,490.23M
Income before tax 6,552.67M
Net income 5,206.87M
EBITDA --
Diluted EPS 1.34
Dividends per share 0.58
Total assets 380,052.82M
Total liabilities 344,689.05M
Total equity 34,213.31M
Operating cash flow 6,099.87M

Currency in MYR

Revenue 4,528.30M
Gross profit --
Operating income 1,566.66M
Income before tax 1,581.73M
Net income 1,256.87M
EBITDA --
Diluted EPS 0.32
Dividends per share 0.14
Total assets 84,719.75M
Total liabilities 76,836.61M
Total equity 7,626.68M
Operating cash flow 1,472.43M

Currency in USD

Valuation measures

Dec 2016

PER 14.62
ROA 1.40%
ROE 15.91%
Operating margin 34.59%
Profit margin 27.75%

Key executive

  • Chief Executive Officer, Executive Director & MD: Ah Lek Tay
  • Co-Chief Operating Officer: Sulaiman bin Abdul Manap
  • Co-COO & Head-Investor Relations Contact: Siew Yen Chang
  • Chief Financial Officer & Head-Finance Division: Sook Ling Yik
  • General Manager-Information Technology Division: Teck Kong Tan

Share holders

  • Consolidated Teh Holdings Sdn. Bhd.(21.6%)
  • Employees Provident Fund(13.6%)
  • Permodalan Nasional Bhd.(4.8%)
  • The Vanguard Group, Inc.(2.5%)
  • Aberdeen Asset Managers Ltd.(1.4%)
  • BlackRock Fund Advisors(1.3%)
  • GIC Pte Ltd. (Investment Management)(1.2%)
  • Eastspring Investments Bhd.(1.1%)
  • LPI Capital Bhd.(1.1%)
  • Great Eastern Life Assurance Co. Ltd.(1.0%)

Address

  • Website: http://www.publicbankgroup.com
  • Address: Menara Public Bank, 146 Jalan Ampang, Kuala Lumpur, 50450, Malaysia
  • Phone: +60.3.2176.6000

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