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Public Bank's Profit Remains Steady in Q1 as Loans, Deposits Expand

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Public Bank (KLSE:PBBANK) booked a net profit attributable to owners of 1.75 billion ringgit, up 0.4% from a year prior, according to a Thursday Malaysian bourse filing.

The lender attributed the profit to steady loan and deposit expansion, alongside improved non-interest income, while maintaining strong asset quality with a gross impaired loans ratio of 0.51% and robust capital ratios.

Loans grew at an annualized pace of 5.7% to 452.1 billion ringgit, while and deposits expanded 5.3% to 453.1 billion ringgit.

Return on equity stood at 12% and cost efficiency stood at 35.5%, the bank said.

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