KUALA LUMPUR, Aug 26 — Public Bank Bhd recorded a higher net profit of RM1.82 billion in the second quarter ended June 30, 2026 (2Q 2026) compared with RM1.76 billion in the same quarter a year ago.
Its revenue also increased to RM7.61 billion during the quarter from RM7.35 billion previously.
“Net profit attributable to equity holders registered a higher increase of RM64.4 million, or 3.7 per cent, over the same period to RM1.82 billion. The improved performance was mainly attributable to higher non-interest income of RM165.7 million, or 21.3 per cent, mainly driven by improved sales of trust units and higher unit trust management fee income,” it said in a stock exchange filing.
The bank said the increase was partially offset by higher impairment on loans/financing of RM81.1 million due to the normalisation of credit charges and higher other operating expenses of RM26.3 million, or 2.0 per cent.
Public Bank said the group’s net other comprehensive income for the current quarter amounted to RM81 million, compared with a net other comprehensive loss of RM272.2 million in the corresponding quarter of the previous year. “The favourable variance was mainly attributable to gains on the translation of foreign operations, compared with losses recorded in the corresponding quarter of the previous year, and lower losses on cash flow hedges. These were partially offset by lower gains on revaluation of financial investments,” it added.
For the first six months of 2026 (1H 2026), Public Bank’s net profit rose to RM3.58 billion from RM3.51 billion previously, while revenue also strengthened to RM14.93 billion from RM14.67 billion.
The banking group’s total loans for 1H 2026 rose by an annualised rate of 5.9 per cent to RM458.9 billion, while total customer deposits posted an annualised growth rate of 4.7 per cent to RM457.6 billion.
Public Bank managing director and chief executive officer Tan Sri Dr Tay Ah Lek said that amid continued global uncertainties, especially in West Asia, the bank is mindful of the potential impact that could affect customers through energy prices, inflation, along with consumer and business sentiments.
On the bank’s prospects, he said that against the significant global headwinds, Public Bank will remain vigilant in its business approach. “The group continues to see growing opportunities stemming from the resilient domestic economy and will continue to build on its core competencies to optimise stakeholder value,” he added.
Public Bank has declared an interim dividend of 10.5 sen per share, supported by the group’s resilient earnings and healthy capital position, this representing a total payout of RM2.04 billion. — Bernama
Date: 26 August, 2026 2:43 pm
Source: Malay Mail
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