Public Bank Limited (MYX: 1295) Is A Bank Headquartered In Kuala Lumpur, Malaysia, Providing Financial Services In Malaysia And The Asia-Pacific Region.
The Bank Was Founded In 1966 By Teh Hong Piow, Then Managing Director Of Maybank. The Bank Was Listed On The Malaysian Stock Exchange In 1967.
Public Bank Is Currently One Of The Largest Banks In South East Asia, With Assets Exceeding RM363.76 Billion (US $91.26 Billion) In 2015 And A Market Capitalization Of RM71.90 Billion (US $18.04 Billion).
Popular Bank Is The Largest Bank In Malaysia By Shareholder Capital, Second Largest By Market Capitalisation After Maybank And Third Largest By Total Assets After Maybank And CIMB.
Popular Bank Currently Offers A Comprehensive Range Of Financial Products And Services, Including Personal Banking, Commercial Banking, Islamic Banking, Investment Banking, Stockbroking, Trustee Services, Agent Services, Sales And Management Of Unit Trust, Bancassurance And General Insurance Products. Popular Bank's Strategy Is Centred On The Growth Of Retail Banking, Particularly Retail Consumers And Small And Medium Enterprises ("SMEs").
OPERATION
The Public Bank Group Is Known For Its Strong Financial Performance And Consistent Prudent Management. It Has Always Been Subject To Strong Credit And Financial Ratings From Local And Foreign Rating Agencies. Public Bank Has Received A Long-term Rating Of AAA From The Malaysian Rating Agency. This Is The Highest Rating Given By A Malaysian Rating Agency. It Has Also Received A Short-term Rating Of P1 With A Stable Outlook. Standard & Poor Reconfirmed Public Bank's A- Long-term Rating And A- 2 Short-term Counterparty Credit Rating With A Stable Outlook. Moody's Investors Service Reiterated That Public Bank's Foreign Currency Long-term Deposit Rating Is A3 And Short-term Deposit Rating Is P-2, With A Stable Outlook.
Public Bank Currently Has 259 Branches And More Than 2,000 Self-service End Points In Malaysia. The Company Also Has A Network In The Asia Pacific Region, Including 1 Subsidiary In Hong Kong (Public Bank (Hong Kong) Limited With 79 Branches), 1 Subsidiary In Cambodia (Public Bank Cambodia Limited 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.
In Total, The Company Serves Over 9 Million Customers In The Countries Where It Operates
