Public Bank Berhad

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Public Bank Berhad
Traded asMYX: 1295
IndustryBanking and finance
FounderTeh Hong Piow
HeadquartersKuala Lumpur, Malaysia
Area served
Key people
  • Teh Hong Piow (founder & chairman)
  • Tay Ah Lek (managing director & CEO)
ProductsFinancial services
RevenueIncrease RM22.45 billion
(US$5.49 billion) (2019)[1]
Increase RM7.13 billion
(US$1.74 billion) (2019)[1]
Decrease RM5.51 billion
(US$1.35 billion) (2019)[1]
Total assetsIncrease RM432.8 billion
(US$105.82 billion) (2019)[1]
Number of employees

Public Bank Berhad (MYX: 1295) is a bank based in Kuala Lumpur, Malaysia, offering financial services in Malaysia as well as the Asia-Pacific region.

The bank was founded in 1966 by Teh Hong Piow, 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 in 2015.

Public Bank is the largest bank in Malaysia by shareholders' funds, second largest by market capitalization, just behind Maybank and third largest by total assets, behind Maybank and CIMB.[3][4]

Public Bank currently offers a comprehensive range of financial products and services which include personal banking, commercial banking, Islamic banking, investment banking, share broking, trustee services, nominee services, sale and management of unit trust funds, bancassurance and general insurance products. Public Bank's strategy is centered on growth in the retail banking business particularly on the retail consumers and small and medium enterprises ("SMEs").[5]


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 reaffirmed Public Bank's A- long-term rating and A-2 short-term counterparty credit rating with stable outlook. Moody's Investors Service reaffirmed Public Bank's foreign currency long-term deposit rating of A3 and short-term deposit rating of P-2 with stable outlook.[6]

Public Bank currently has a network of 259 branches and over 2000 self terminals in Malaysia. The company also has its presence in the Asia-Pacific region with a network of 1 subsidiary in Hong Kong (Public Bank (Hong Kong) Limited, with 79 branches), 1 subsidiary in Cambodia (Cambodian Public Bank Plc, with 30 branches), 1 subsidiary in Vietnam (Public Bank Vietnam Limited, with 12 branches), 4 branches in Laos, 3 branches in China and 3 branches in Sri Lanka.[7]

In total, the company serves more than 9 million customers in countries where it operates.[8]


Public Bank branch at Wing On Building, Hong Kong


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

Hong Kong[edit]


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


Board of directors[edit]

The current members of Public Bank Group's board of directors are:[9]

  • Teh Hong Piow (chairman emeritus)
  • Lai Wan (independent non-executive chairman)
  • Tay Ah Lek (managing director)
  • Tang Wing Chew (independent non-executive director)
  • Lai Wai Keen (independent non-executive director)
  • Cheah Kim Ling (independent non-executive director)
  • Lee Chin Guan (non-independent non-executive director)
  • Mohd Hanif Sher Mohamed (independent non-executive director)
  • Tham Chai Fong (independent non-executive director)

See also[edit]


  1. ^ a b c d "Public Bank (PBB)'s and PBB Group's Audited Results for the Fourth Quarter and Financial Year Ended 31 December 2019". Archived from the original on 12 March 2020. Retrieved 26 February 2020.
  2. ^
  3. ^ "Archived copy". Archived from the original on 4 July 2015. Retrieved 4 July 2015.CS1 maint: archived copy as title (link)
  4. ^
  5. ^
  6. ^ Public Bank Berhad. "Corporate Profile". About Us. Retrieved 16 August 2016.
  7. ^
  8. ^
  9. ^ "Board of Directors' Profile". Retrieved 10 March 2020.

External links[edit]