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Public Bank net profit climbs to RM6.12 bil in FY2022

27 Feb 2023 01:28pm
Public Bank said the gross loans grew by RM18.9 billion or 5.3 per cent to RM376.9 billion as at Dec 31, 2022, from RM358.0 billion a year ago, mainly driven by growth in mortgage financing and hire purchase financing.
Public Bank said the gross loans grew by RM18.9 billion or 5.3 per cent to RM376.9 billion as at Dec 31, 2022, from RM358.0 billion a year ago, mainly driven by growth in mortgage financing and hire purchase financing.
KUALA LUMPUR - Public Bank Bhd’s net profit increased to RM6.12 billion for the financial year ended Dec 31, 2022 (FY2022) compared with RM5.66 billion a year ago, supported by healthy loans and customer deposits growth.

Revenue in FY2022 was higher at RM21.43 billion versus RM19.62 billion previously, it said in a filing with Bursa Malaysia today.

Public Bank said the gross loans grew by RM18.9 billion or 5.3 per cent to RM376.9 billion as at Dec 31, 2022, from RM358.0 billion a year ago, mainly driven by growth in mortgage financing and hire purchase financing.

"Total deposits from customers increased by 3.8 per cent or RM14.3 billion to RM394.7 billion as at Dec 31, 2022.

"The group’s gross impaired loan ratio increased slightly but remained healthy at 0.4 per cent as at Dec 31, 2022, in tandem with the industry trend,” it said.
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