Known for its strong financial performance, consistent prudent management, as well as generosity to performing staff, the bank’s market capitalisation hit a record high of RM98.3 billion ($30.25 billion) in August 2018. At its Dec 13 close of RM4.39 per share, the bank’s market cap stood at RM85.21 billion.
Public Bank Bhd, Malaysia’s second-largest listed banking group by market capitalisation and the third largest by assets, has been a worthwhile investment for many who stayed on as its shareholders over the years.
Founded by the late Tan Sri Dr Teh Hong Piow, the bank, whose first branch was opened in 1966 in Jalan Gereja here, was listed on Bursa Malaysia in 1967. Since then, it has grown from strength to strength, with a total of 293 domestic branches, 150 overseas branches, and a staff force of over 19,000 people, with a presence in markets such as China, Hong Kong, Cambodia, Vietnam, Laos and Sri Lanka.
