The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
BANKING

Outstanding achievement award: Tan Sri Dato’ Sri Dr Teh Hong Piow, Public Bank, Malaysia

Tan Sri Teh is the first winner of Euromoney’s Lifetime Achievement Award in Asia. His bank, Public Bank, also won best bank in Malaysia for the eighth time.

This is an edited transcript of the speech by Tan Sri Dato’ Sri Dr Teh Hong Piow delivered at Euromoney’s Asia Awards for Excellence Dinner.

Tan Sri Dato’ Sri Dr Teh Hong Piow, Public Bank

“My journey in banking started 54 years ago, though it seems like only yesterday. I guess you do lose track of time when your journey is both rewarding and enriching. Public Bank was founded in 1966 when I was 36. To some of you present here, 36 might seem old but in my time it was the yuppie age. Some thought I was out of my element then, but I was driven by a vision – to build a bank for the public and win the confidence of the public. Today, I am happy that Public Bank is realizing that vision.

Public Bank was founded at a time when banking in Malaysia was mainly the domain of foreign banks. Public Bank set out to target a broad base – the man in the street and the retail businesses, not just the elite and the multinational corporations.

This proved to be a right move as the bank recorded profits from its very first year of operations.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree