Public Bank posts RM1.83 billion net profit in Q2

Public Bank Berhad announced a net profit of RM1.83 billion for the second quarter of its 2026 financial year, marking an increase from RM1.76 billion in the corresponding period of the previous year. The banking group also reported revenue of RM7.6 billion for the quarter, up from RM7.4 billion in the same period of 2025.

For the first six months of the year, the group's net profit reached RM3.57 billion, a slight rise from RM3.51 billion in the prior year. Revenue for the half-year stood at RM14.93 billion, compared to RM14.66 billion previously. The bank highlighted a 3.4% increase in operating profit, primarily fueled by a robust 12.2% growth in non-interest and non-financing income. However, growth in interest income and net financing moderated to 0.5% amidst a highly competitive market for loans and deposits.

Looking ahead, Public Bank's Managing Director and CEO, Tan Sri Dr. Tay Ah Lek, noted that global economic growth remains a concern due to inflationary pressures and higher energy prices. He also pointed to the ongoing conflict in West Asia as a source of economic uncertainty. Despite these global challenges, Tay expressed optimism for Malaysia's economic outlook, anticipating positive growth supported by resilient domestic demand, a strong economic foundation, and supportive government policies.

Tay stated that the group will maintain a vigilant business approach while actively seeking opportunities arising from the resilient domestic economy. Public Bank aims to further strengthen its core capabilities to optimize value for its stakeholders.