Public Bank posts 10% jump in net profit in 2Q, declares 10c div/share

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Public Bank posts 10% jump in net profit in 2Q, declares 10c div/share
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MANILA: Shiela Guo confirmed before the Senate on Tuesday (Aug 27) that she “escaped” Philippine jurisdiction with her siblings, dismissed Bamban mayor Alice Guo and Wesley Guo, via a small white boat.

expects the operating environment in Malaysia to remain conducive to growth in the banking sector, underpinned by resilient private expenditure and investment activities, said managing director and CEO Tan Sri Tay Ah Lek.

"As the group proactively moves forward, it will continue to ensure a solid foundation with healthy capital and liquidity position, as well as sound asset quality to safeguard its bottom line and sustainable stakeholder value," he said. The bank declared an interim dividend of 10 sen per share, representing 56.5% of the group's net profit for the six months period ended June 30, 2024.Public Bank's net interest and financing income in 1HFY24 rose 3.9% to RM5.42bil compared to 1HFY23, with a stable net interest margin/financing margin of 2.2%.

"Public Mutual, a wholly owned subsidiary of the Public Bank Group that manages its unit trust business, remained a significant contributor to the group’s non-interest income.

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