Now in its forty-first year, Public Bank is one of Malaysia’s premier
commercial banks. Public Bank continues to secure strong market
share and customer loyalties in its domestic market, while pursuing
aggressive expansion within Southeast Asia, particularly in
Hong Kong and China, Cambodia, Vietnam, Laos and Sri Lanka.
Public Bank is currently the second biggest domestic bank in Malaysia by shareholders' funds. It focuses on retail customers and small- and medium-sized enterprises.
The Hong Piow, who was then general manager of Malayan Banking, founded the bank in 1966. The bank was listed on the Malaysian Stock Exchange in 1967.
Public Bank has grown to embody both stability and profitability for customers and shareholders through consistent, efficient financial management and unified realizations of group strategies. Public Bank won the Asset Magazine’s 2006 “Best Domestic bank in Malaysia” for the fifth consecutive year and its chairman and founder, Tan Sri Dr The Hong Piow, was named “Asia’s Banker of High Distinction”.
Public Bank Group is selectively expanding its regional operations in Hong Kong, Cambodia, Vietnam, Laos and Sri Lanka. Public Bank’s financial performance in 2006 included a 15% increase in sales with marginally stronger operating profit margin while its market capitalization increased 37% at RM 31,512 million.