KUALA LUMPUR: Public Bank Bhd’s net profit slipped to RM1.84 billion in the third quarter ended Sept 30, 2025 (Q3’25), from RM1.91 billion a year ago due to lower non-taxable income.
In a Bursa Malaysia filing today, Public Bank said revenue increased to RM7.41 billion from RM6.80 billion previously.
For the first nine months ended Sept 30, 2025 (9M’25), 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% to RM441.2 billion.
“The domestic loan portfolios grew at a stronger rate of 6.1% on an annualised basis to RM416.0 billion, outperforming the Malaysian industry’s annualised loan growth of 4.5%.
“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%, 11.4%, and 10.7%, 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% to RM446.2 billion, supported by sustained growth in core deposits.
“The group’s current accounts and savings accounts registered 3.9% annualised growth, which further strengthened its low-cost funding base,” it said.
Public Bank Group’s 9M’25 non-interest and non-financing income posted strong growth of 19.0% year-on-year to RM2.53 billion, led mainly by the general insurance business of the LPI Capital Group, which contributed 9.3% 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’25 pre-tax profit of RM624.5 million.
“Public Mutual continued to capture a leading domestic retail market share of 34.0%, 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 CEO 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%, 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
