KUALA LUMPUR: Public Bank Bhd’s net profit slipped to RM1.84 billion in the third quarter (3Q) ended September 30, 2025, from RM1.91 billion a year ago due to the effect of lower non-taxable income.
In a Bursa Malaysia filing on Monday, Public Bank said that revenue increased to RM7.41 billion from RM6.80 billion previously.
For the first nine months ended September 30, 2025 (9M 2025), Public Bank recorded a net profit of RM5.34 billion, while revenue rose to RM22.08 billion from RM20.14 billion in the previous corresponding period.
“During 9M 2025, the Public Bank Group’s total loan portfolios expanded by an annualised rate of 5.4 per cent to RM441.2 billion.
“The domestic loan portfolios grew at a stronger rate of 6.1 per cent on an annualised basis to RM416.0 billion, outperforming the Malaysian industry’s annualised loan growth of 4.5 per cent.
“This was mainly contributed by the Public Bank Group’s core financing segments, including domestic residential property financing, hire purchase financing and small and medium enterprise (SME) financing, which grew at annualised rates of 5.7 per cent, 11.4 per cent, and 10.7 per cent, respectively,” it said.
Regarding the funding side, Public Bank said that the group’s total customer deposits grew at an annualised rate of 4.0 per cent to RM446.2 billion, supported by sustained growth in core deposits.
“The group’s current accounts and savings accounts registered 3.9 per cent annualised growth, which further strengthened its low-cost funding base,” it said.
Public Bank Group’s 9M 2025 non-interest and non-financing income posted strong growth of 19.0 per cent year-on-year to RM2.53 billion, led mainly by the general insurance business of the LPI Capital Group, which contributed 9.3 per cent to the group’s total non-interest and non-financing income.
It stated that non-interest and non-financing income was further enhanced by higher investment income, banking fees and commission incomes, as well as foreign exchange business, with Public Mutual registering a 9M 2025 pre-tax profit of RM624.5 million.
“Public Mutual continued to capture a leading domestic retail market share of 34.0 per cent, with a net asset value of RM107.1 billion from 185 unit trust funds under its management as at end-September 2025,” it added.
Public Bank Managing Director and Chief Executive Officer, Tan Sri Dr Tay Ah Lek, said amidst a challenging backdrop, the Public Bank Group continued to record consistent growth in both loans and deposits.
“Underpinned by proactive management of cost of funds and synergistic growth in non-interest income, the group continued to deliver stable performance throughout the first nine months of the year.
“The group’s resilience is further reflected in its healthy net return on equity of 12.6 per cent, underscoring the group’s strong fundamentals and capacity to sustain value creation,” he said.
On prospects, Public Bank said, despite challenges from the global environment, Malaysia’s economy is expected to continue growing, anchored by domestic demand, investment activities, steady exports and healthy tourism spending.
It said, however, that global developments such as trade-related tariffs and commodity price volatility remain a potential downside risk to the domestic economic outlook.
Tay said that in a more complex operating environment with renewed challenges, resilience is the key to sustainability and stability.
“The Public Bank Group will continue to remain vigilant in its business approach while building on its core competencies.
“The group will remain focused on synergistic growth, sound risk management and good corporate governance to stay relevant in today’s dynamic business environment,” he said. – BERNAMA
