Awards for Excellence 2008: Malaysia
Euromoney, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Awards for Excellence 2008: Malaysia

Best bank: Public bank

Best investment bank: CIMB Group

Public Bank is Malaysia’s largest bank by market capitalization and, by some distance, the country’s best-performing lender. It offers excellent financial ratios, the steadiest yields in the country and, most pertinently in these turbulent times, a steady institution focused on maintaining growth while minimizing risk.

The lender posted a 23% year-on-year rise in net profit in 2007, to M$2.1 billion ($640 million), on the back of higher operating income and net interest and financing income, coupled with lower loan-loss provisions. Earnings per share rose to 63.3 sen from 52.1. Non-performing loans fell to 1.2% from 1.6% a year earlier, and are expected to dip below 1% by the end of 2008. This year has also started brightly, with Public Bank posting earnings of M$717 million in the first quarter, up from M$476 million in the same period a year ago.

Gift this article