Public Bank Wins Inaugural Award

KUALA LUMPUR: Public Bank was recognised for its accomplishment in South East Asia by an investment publication based in Hong Kong.

Alpha South East Asia named Public Bank to be the inaugural winner of its "Best Bank in Malaysia" award.

Public Bank received this award for its consistent performance in generating profits and enhancing value for both its shareholders and customers.

Public Bank said the award was presented to the founder and chairman of Public Bank, Tan Sri Datuk Dr Teh Hong Piow, by the publisher and chief executive officer of Alpha South East Asia, Siddiq Bazarwala last Friday.

Since its IPO in 1967, Public Bank has generated an annualised return of 19.5% each year and since 2001, maintained an exceptionally high payout ratio of over 95% of its net profit each year.