Monday, July 25, 2011

Public Bank Malaysia

Malaysia's Public Bank, on Tuesday, said:
* Q2 net profit at 880.4 million ringgit ($295.9 million), up 20 percent from 734.1 million ringgit year-ago; declares dividend of 0.20 ringgit per share.
* Says outlook remains positive supported by strong economic fundamentals, domestic demand and government's Economic Transformation Programme.
* Q2 profit driven by net interest and finance income, higher non-interest income and lower credit charges.
* Loans grew at an annualised rate of 13.6 percent in first half of 2011, domestic core customer deposits up 13 percent, fee-based income up 24 percent.
* Public shares unchanged at 13.42 ringgit ahead of its earningsannouncement. ($1 = 2.975 Malaysian Ringgit).

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