Public Bank net profit climbs to RM6.12b in FY2022

KUALA LUMPUR, Feb 27 — Public Bank Bhd’s net profit increased to RM6.12 billion for the financial year ended Dec 31, 2022 (FY2022) compared with RM5.66 billion a year ago,...

KUALA LUMPUR, Feb 27 — Public Bank Bhd’s net profit increased to RM6.12 billion for the financial year ended Dec 31, 2022 compared with RM5.66 billion a year ago, supported by healthy loans and customer deposits growth.

“Total deposits from customers increased by 3.8 per cent, or RM14.3 billion, to RM394.7 billion as at Dec 31, 2022. In a statement, Public Bank said the net profit attributable to shareholders increased by 8.2 per cent to RM6.12 billion after taking into account the one-off impact of the Prosperity Tax.

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