Solid Start For Public Bank With Revenue Of RM7.3 Billion And Profit Of RM1.7 Billion
Public Bank Group announced its financial performance for the first quarter ended 31 March 2025, with pre-tax profit reaching RM2.31 billion, an 8.5% increase compared to the same period in 2024. The Group's net profit also saw growth, rising by 5.6% to RM1.75 billion.
The Group's net interest and financing income increased by 3.5% to RM2.80 billion, supported by a stable net interest margin and growth in loans and deposits. Non-interest income showed a stronger increase, rising by 18.9% to RM772.1 million.
Key financial indicators reported by Public Bank include: Total loans and deposits expanded at annualised growth rates of 5.6% and 3.5%, respectively.
Net return on equity was 12.4%.
Cost-to-income ratio stood at 35.0%.
Gross impaired loans ratio was 0.5%.
Loan-to-fund and equity ratio was 83.9%.
Common Equity Tier 1 capital ratio was 14.0%, and the total capital ratio was 16.8%.
On prospects, the banking group acknowledged concerns about potential disruptions to international trade due to reciprocal tariffs announced by the United States. While a 90-day pause has been implemented, uncertainties remain about the long-term impact on global growth.
The bank noted that Malaysia, being an open economy and a key trade partner to the US, is susceptible to these trade tensions. However, it also pointed to supportive domestic measures such as wage hikes, ongoing infrastructure projects, a stable employment market, and a diversified economic structure, which are expected to mitigate some of the downside risks.
Tan Sri Tay, in the statement, emphasised the Public Bank Group's commitment to maintaining long-term resilience and sustainable growth. The Group plans to focus on its core competencies, capitalize on emerging opportunities and support customers in adapting to the evolving economic landscape Related
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