Public Bank's 2015 pre-tax profit rises RM6b
Published on: Thursday, February 04, 2016
Kuala Lumpur: Public Bank Bank Bhd's pre-tax profit for the financial year ended Dec 31, 2015 rose to RM6.49 billion from RM5.81 billion in 2014.Revenue increased to RM19.20 billion from RM16.90 billion previously, it said in a filing to Bursa Malaysia Wednesday.Founder/Chairman, Tan Sri Dr Teh Hong Piow, said the results reflected the consistent execution of the group's organic growth strategy which continued to deliver favourable results to customers and shareholders.
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"We expect intense competition in the banking industry for market share and the more stringent capital and liquidity requirements will continue to put pressure on net interest margin and return on equity," he said.Teh said in view of the bank's commendable performance in 2015, the board of directors has declared a second interim dividend of 32 sen, taking the full-year dividend for 2015 to 56 sen.Stay up-to-date by following Daily Express’s Telegram channel.
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