, which posted an improved earnings result in its 2022 financial year, expects the banking sector to remain supported by the positive growth of the Malaysian economy.
Public Bank recorded a positive result in 4QFY22 with a net profit of RM1.71bil, representing an earnings per share of 8.83 sen, up from a net profit RM1.38bil in 4QFY21. According to the statement, the bank's operating profit before loan impairment and other allowance was RM9.2bil, which was 7.3% higher year-on-year, attributed to a growth in net interest income of 10.2%.
"The group also continued to maintain a leading market share of 18.6% in the domestic SME lending," the bank added.
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