Asia300

Public Bank Bhd.

Malaysia

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Sep 18, 2017
Prev close: 20.58
Sep 18, 2017
Market cap:
Market cap(USD):
79,894.40M
19,076.92M
Shares: 3,882.13M

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 provision of commercial banking services. It operates through the following segments: Hire Purchase, Retail Operations, Corporate Lending, Treasury and Capital Market Operations, Investment Banking, Fund Management, and Others. The Hire Purchase segment provides passenger vehicle financing to all levels of customers. The Retail Operations segment provides products and services to individual customers and small-medium enterprises. The Corporate Lending segment funds needs of large corporate customers which are primarily public listed companies and its related corporations. The Treasury and Capital Market Operations segment refers to the proprietary trading in treasury related products and services such as foreign exchange, money market operations, and securities trading. The Investment Banking segment caters to the business needs of large corporate customers through the provision of financial solutions and direct lending. The Fund Management segment is comprised of sale of trust units and the management of unit trust funds as conducted by the wholly-owned subsidiary company of the bank. The Others segment is mainly the non-core operations such as property holding. The company was founded by Hong Piow Teh 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, MD & Executive Director: Ah Lek Tay
  • Co-Chief Operating Officer: Sulaiman bin Abdul Manap
  • Co-Chief Operating Officer: Siew Yen Chang
  • Chief Financial Officer & Head-Finance Division: Sook Ling Yik
  • General Manager-Information Technology: Yoke Fong Fam

Share holders

  • Consolidated Teh Holdings Sdn. Bhd.(21.6%)
  • Employees Provident Fund(13.2%)
  • Permodalan Nasional Bhd.(4.3%)
  • The Vanguard Group, Inc.(2.6%)
  • BlackRock Fund Advisors(1.7%)
  • Aberdeen Asset Managers Ltd.(1.4%)
  • GIC Pte Ltd. (Investment Management)(1.3%)
  • LPI Capital Bhd.(1.0%)
  • Kumpulan Wang Persaraan(1.0%)
  • Eastspring Investments (Singapore) 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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