In a statement issued yesterday, it said net profit rose by 39% to RM1.39bil mainly due to the one-off Day One net modification loss related to Covid-19 relief measures amounting to RM498.4mil recognised in the second quarter and lower negative effect of the overnight policy rate (OPR) reductions in the second quarter. (Filepic a branch of Public Bank)
KUALA LUMPUR: Public Bank Bhd
recorded strong sequential earnings growth in the third quarter ended September of RM1.39bil and an improvement from a year ago, boosted by higher income from investments, stock broking, fund management and Islamic banking.
In a statement issued yesterday, it said net profit rose by 39% to RM1.39bil mainly due to the one-off Day One net modification loss related to Covid-19 relief measures amounting to RM498.4mil recognised in the second quarter and lower negative effect of the overnight policy rate (OPR) reductions in the second quarter.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
