Media Release

FOR IMMEDIATE RELEASE
14 May 2026
Pre-Tax Profit of RM2.32 Billion for the First Quarter of 2026; Strong Commitment to Fully Support Customers Affected by the Middle East Conflict
|
Highlights of Results for the First Half of 2026: • Pre-tax profit and net profit recorded RM2.32 billion and RM1.75 billion respectively • Total loans and deposits expanded at annualised growth rate of 5.7% and 5.3%, respectively • Net return on equity at 12.0% • Cost-to-income ratio at 35.5% • Gross impaired loans ratio at 0.51% • Loan-to-fund and equity ratio at 84.2% • Common Equity Tier 1 capital ratio at 13.7% and total capital ratio at 16.4% respectively
|
For the first quarter ended 31 March 2026, the Public Bank Group reported a pre-tax profit of RM2.32 billion and net profit attributable to shareholders of RM1.75 billion, increasing by 0.1% and 0.4% respectively as compared with the corresponding quarter in 2025.
Profit was supported by continued expansion in the loan and deposit portfolios, which grew at annualised growth rate of 5.7% and 5.3% respectively, complemented by non-interest and non-financing income, which grew by 3.7%.
The Group continued to maintain sound asset quality with a low gross impaired loans ratio of 0.51%. Domestically, the gross impaired loans ratio was lower at 0.35%, which was significantly better than the industry’s impaired loans ratio of 1.40%. Loan provisions remained prudently managed, with the loan loss coverage ratio standing at 147.0% and at 251.2% taking into account regulatory reserves.
Tan Sri Dato’ Sri (Dr) Tay Ah Lek, Managing Director & Chief Executive Officer of Public Bank commented, “The Public Bank Group’s latest financial performance remained supported by its strong fundamentals. Asset quality stayed resilient and the balance sheet remained solid, underpinned by strong capital and liquidity positions. The Group continued to sustain its leading position in the domestic banking industry, with a commendable net return on equity of 12.0%, most efficient cost-income ratio of 35.5% and best asset quality with gross impaired loans ratio of 0.51%.”
Loans and Deposits Businesses
The Public Bank Group posted total loans of RM452.1 billion as at the end of March 2026, with 5.7% annualised loan growth for the first quarter of 2026.
On the domestic front, loans grew by an annualised rate of 6.3% to RM427.7 billion. The Group maintained its strong presence in key retail consumer and SME financing segments. Domestic SME financing, residential properties financing and hire purchase financing achieved annualised growth of 11.2%, 4.4% and 8.4% respectively. These key segments continued to command strong leading market shares of 19.0%, 20.1% and 33.1% respectively.
On the funding side, total customer deposits grew in line with loan growth, registering an annualised growth rate of 5.3% to RM453.1 billion. Meanwhile, the Public Bank Group’s domestic customer deposits increased at an annualised growth rate of 5.1% to RM424.4 billion, led mainly by core deposits and money market deposits.
Non-interest and Non-financing Income
The Public Bank Group posted non-interest and non-financing income of RM825.9 million for the first three months of 2026, an increase of 3.7% as compared with the corresponding period last year, mainly due to higher income from unit trust, general insurance business and bancassurance.
Public Mutual, a wholly-owned unit trust company of the Public Bank Group, generated a first quarter pre-tax profit of RM216.5 million. This represents a growth of 4.1% as compared with the previous corresponding period and constituted 9.3% of the Group's pre-tax profit. Supporting this performance was its market-leading position, with a retail market share of 43.2% in the domestic retail private unit trust industry (excluding money market funds) and RM103.8 billion in net asset value of funds under management across 185 unit trust funds as at end-March 2026.
Capital and Funding Position
The Public Bank Group’s capital position remained well-capitalised with Common Equity Tier 1 capital ratio, Tier 1 capital ratio, and total capital ratio standing at 13.7%, 13.7% and 16.4% respectively, as at the end of March 2026. This has not taken into account the potential surplus of 1% arising from the Basel III reforms. The Group plans to return the available surplus to shareholders in the next three years.
On liquidity, the Group’s deposit franchise continued to support a healthy liquidity and funding position, as reflected by the gross loan-to-fund and equity ratio of 84.2% as at end-March 2026.
Strong Commitment to Fully Support Customers Affected by the Middle East Conflict
With the ongoing Middle East conflict, the Public Bank Group is cognisant of its potential impact on people and the economy. In light of the unprecedented headwind, the Group is mindful that individuals and businesses may face difficulties in their loan and financing repayment.
Tan Sri Tay said, “Public Bank is strongly committed to offering assistance to customers who have been affected by the conflict. The Bank has been closely monitoring the latest development and is ready to fully support customer needs.”
Group’s Prospects
For year 2026, global economic growth is expected to remain uneven across regions amidst significant headwinds. Risks are tilted to the downside, arising from uncertainty over trade tariffs, geopolitical tensions in the Middle East and concerns over financial market valuations. However, supportive macro policies as well as ongoing investments in technology and digitalisation will continue to underpin global economic growth.
On the domestic front, while external headwinds will remain a challenge for the Malaysian economy, growth is likely to remain on a positive trajectory, albeit at a more moderate pace. Resilient domestic demand, ongoing investment expansion, stable external demand and tourism activity will continue to support the domestic economy.
“Against this backdrop, the Public Bank Group is in a strong position to weather the challenges, leveraging its long-standing solid fundamentals and prudent management. Nonetheless, as the Group stays vigilant, it will remain agile and forward-looking in pursuit of synergistic business growth.” Tan Sri Tay concluded.

Tan Sri Dato’ Sri (Dr) Tay Ah Lek
Managing Director & Chief Executive Officer
Public Bank
* * * * *

FOR IMMEDIATE RELEASE
5 May 2026
Public Bank’s 60th Annual General Meeting Held on 5 May 2026
In conjunction with Public Bank’s 60th Annual General Meeting held on 5 May 2026, the Managing Director & Chief Executive Officer, Tan Sri Dato’ Sri (Dr) Tay Ah Lek is pleased to present a review of the Public Bank Group’s performance in 2025 and the Group’s strategic direction.
Performance Review for 2025
Tan Sri Tay said, “The Public Bank Group achieved commendable financial result in 2025. Pre-tax profit grew by 6.8% to RM9.54 billion, surpassing the RM9 billion mark for the first time. The Group’s net profit also increased by 1.1% to RM7.22 billion in 2025. The Group’s profit performance in 2025 was mainly driven by healthy growth in loans and deposits as well as robust non-interest income growth. Non-interest income reported strong growth of 15.2%, driven mainly by general insurance income from the newly acquired LPI Group, as well as higher income generated from the wealth management business and investment income.”
The Public Bank Group’s total gross loans and financing grew by 5.1% to RM445.76 billion as at the end of 2025. The Group’s domestic loans grew by 5.9%, outperforming the domestic banking industry’s loans growth of 4.8%. The Group continued to be the No.1 lender of residential property, commercial property and hire purchase financing with market shares of 20.1%, 32.4% and 32.8% respectively. In the domestic SME financing, the Group remains the market leader with 18.7% market share.
The Public Bank Group’s customer deposits increased by 3.2% to RM447.11 billion as at the end of 2025. The Group’s domestic deposits grew by 3.8% in 2025, supported by core deposits and money market deposits growth.
Tan Sri Tay highlighted, “The Public Bank Group continued to outperform its banking peers in 2025. The Group sustained its leading position in the Malaysian banking industry with the highest net return on equity of 12.8%, surpassing the banking industry’s average net return on equity of 10.2%. The Group is the most cost efficient bank in Malaysia with a cost to income ratio of 34.9%, well below the banking industry’s cost to income ratio of 45.2%. Asset quality remained the best, with the Group’s gross impaired loans ratio of 0.51%, compared with the industry’s impaired loans ratio of 1.37%.”
The Public Bank Group’s unit trust management company, undertaken by Public Mutual, maintained its leading market share of 43.6% in the domestic retail private unit trust industry. In 2025, Public Mutual achieved pre-tax profit of RM850.6 million. Public Mutual’s total assets under management grew by 4.3% to RM106.35 billion as at the end of 2025, with 185 funds under its management.
The Public Bank Group’s loan loss coverage ratio stood at 149.9% as at the end of 2025. This was higher than the banking industry’s loan loss coverage ratio of 84.8%. Including regulatory reserves, the Group’s loan loss coverage ratio would be even higher at 248.7%. The Group’s capital position remained stable and healthy with Common Equity Tier 1 capital ratio of 13.9% and total capital ratio of 16.6% as at the end of 2025. The Group’s liquidity position also remained stable with average Liquidity Coverage Ratio of 127.7%, well above the regulatory requirement of 100%.
Tan Sri Tay said, “In view of the Public Bank Group’s resilient performance in 2025, a second interim dividend of 12 sen was paid in March 2026. Together with the first interim dividend of 10.5 sen paid in September 2025, shareholders have received a total dividend of 22.5 sen per share for 2025. This was higher than 21 sen paid in 2024. Total dividends paid amounted to RM4.37 billion, representing 60.5% of the Group’s net profit for 2025. The 22.5 sen dividend per share translates to a dividend yield of 5.0% based on Public Bank’s share price of RM4.54 as at the end of 2025.”
With total market capitalisation of RM92.20 billion today, Public Bank is the second largest company and the largest non-government linked company on Bursa Malaysia.
Strategies and Directions for 2026
Tan Sri Tay commented, “The Malaysian economy will continue to be anchored by domestic demand and supportive policies. Downside risks are expected to stem mainly from the ongoing geopolitical tensions and may adversely affect global financial markets.
The Public Bank Group is mindful of potential challenges and will focus on business growth while managing risks effectively. The Group continues to prioritise prudent credit risk management and uphold strong corporate governance as well as risk management practices to safeguard balance sheet quality and shareholder value.”
In 2025, the Public Bank Group took advantage of market opportunities to boost its non-interest income. The Group scaled up its unit trust and bancassurance business as well as launched a series of structured products and enhanced its gold investment offering to cater to evolving customer demand. The Group will continue to pursue new opportunities to drive higher non-interest income.
Tan Sri Tay highlighted, “Digitalisation remains a key driver of growth. The Public Bank Group continues to leverage on digital innovation to refine its digital offerings, streamline operational processes and enhance productivity. A key priority is using new technology to safeguard customer data in the digital space.”
The Public Bank Group further enhanced its digital banking platforms, offering convenient access via more intuitive interface and providing a seamless end-to-end banking experience to customers. During the year, the Group introduced the newly revamped online banking MyPB Web and MyPB App with enhanced features.
MyPB Web and MyPB App banking channels recorded high user growth in 2025. Total active users on MyPB Web and MyPB App increased by 7.6% and 4.1% respectively. The number of mobile banking transactions recorded a strong increase of 52.3%, supported by higher adoption of mobile banking. The Public Bank Group’s corporate online banking, the PB enterprise, also reported healthy growth. In 2025, total users of PB enterprise grew by 13.6%, while the number of transactions increased by 13.3%.
The Public Bank Group is fully committed to safeguard financial security. The Group further strengthened its cyber resilience through comprehensive information technology risk management. To mitigate fraud risk, the Group proactively strengthens security measures and protocols, while actively engages in customer education. Measures such as cooling-off periods, kill-switches and secure authentication features have been incorporated across various online banking channels.
In 2025, the Public Bank Group’s mobile team of cybersecurity experts, the PB Scam Rangers continue to actively educate the public on the latest financial scams. The Group has also rolled out webinars and taken part in nationwide roadshows with various stakeholders to further increase the reach of its scam prevention initiatives.
Tan Sri Tay highlighted, “The Public Bank Group’s comprehensive efforts in fraud prevention have protected over 1.6 million customers and prevented about RM2 billion from being fraudulently transferred as at March 2026.”
The Public Bank Group remains highly committed and supportive of the national sustainability agenda. As part of the Group’s sustainability agenda and for customers’ transition to a low carbon economy, the Group actively promotes financial products and services which integrate ESG considerations.
The Public Bank Group has set a goal to achieve Carbon Neutral in Scope 1 and Scope 2 by 2030 and Net Zero by 2050. In 2025, the Group continues to step up efforts under its Decarbonisation Plan, implement measures to reduce carbon emissions, expand sustainable financing and support customers to move towards a lower-carbon footprint.
- The Public Bank Group has mobilised over RM77 billion in sustainable finance and is on track to exceed its target of RM100 billion in sustainable finance by 2030.
- For affordable home financing, the Public Bank Group has mobilised over RM10 billion since 2020, benefitting more than 50,600 low-to-medium income earners.
- Through inclusive finance, the Public Bank Group has improved the lives of over 1.8 million individuals since 2021, exceeding its target of 1.5 million individuals.
- In January 2025, the PB Sustain platform was launched to support the Public Bank Group’s customers’ sustainability journey.
- On the social front, the Public Bank Group has exceeded its cumulative target of 50,000 volunteer hours since 2024.
- The Public Bank Group has also invested about RM9.6 million on community initiatives since 2023.
- The Public Bank Group has completed over 40% solar installations at branch premises owned by the Bank.
Tan Sri Tay concluded, “2026 is a very special year for us as it is the Public Bank Group’s 60th anniversary celebration. This milestone highlights the Group’s 60 years of banking excellence. The Group’s resilience and sustainable growth remain supported by strong business foundation established by our late founder, Tan Sri Dato’ Sri (Dr) Teh Hong Piow. The Group will continue to navigate business uncertainties and is confident in its ability to compete in a fluid business environment. The Group will remain steadfast in its core principles of prudence and integrity ‒ which will continue to guide its journey ahead.”

Managing Director & Chief Executive Officer of Public Bank, Tan Sri Dato' Sri (Dr) Tay Ah Lek, Special Guest, Ms. Teh Li Shian Diona, Chairman of Public Bank, Mr. Lai Wan and Board of Directors of Public Bank Group

Tan Sri Dato' Sri (Dr) Tay Ah Lek presenting the financial results of 2025 during the Public Bank 60th Annual General Meeting
* * * * *

FOR IMMEDIATE RELEASE
9 April 2026
Public Bank Extends Loan Repayment Assistance to Customers Affected by Ongoing Global Uncertainties and The Middle East Conflict
Public Bank and Public Islamic Bank (collectively “Public Bank” or “the Bank”) are extending repayment assistance to loan and financing customers who have been affected by the ongoing uncertainties in the Middle East.
Public Bank’s Managing Director and Chief Executive Officer, Tan Sri Dato’ Sri (Dr) Tay Ah Lek said, “In light of ongoing uncertainties, the Bank acknowledges that financial challenges may impact individuals and businesses in various ways over time. As such, Public Bank remains focused on engaging closely with its customers to better understand their needs and extend suitable support.”
Affected customers can request for rescheduling/restructuring arrangement for loan/financing. This repayment assistance is applicable to loan and financing facilities for individual customers and affected businesses.
Customers who wish to apply for the repayment relief or require any further information may visit our Public Bank branches or contact the Bank’s general line at 03-21708000.

Tan Sri Dato’ Sri (Dr) Tay Ah Lek Managing Director & Chief Executive Officer Public Bank
* * * * *










