Tag: Public Bank
National Feedlot Corporation and subsidiary companies had accused the bank of breaching confidentiality.
The bank attributes its profitability to healthy loan and deposit growth.
It registered a a net profit of RM5.59 billion for financial year 2018, which translated to a return on equity of 14.8%.
Malaysian stocks stumble as key Asian markets head north.
TA Securities says the market should stay range-bound with optimism over the US-European Union trade deal, China stimulus overshadowed by lingering US-China trade tensions and profit-taking ahead of the weekend.
Regional investor sentiment boosted by upbeat earnings on Wall Street and the Fed’s view of more years of growth for US economy.
Shareholders were told that the succession plan will be announced at 'an appropriate time'.
Rafizi Ramli and former bank clerk Johari Mohamad were found guilty by the Sessions Court under the Banking and Financial Institution Act for revealing bank accounts relating to the National Feedlot Corporation’s subsidiary companies and chairman.
Death of YTL Corp founder Yeoh Tiong Lay has brought into focus similar ethnic Chinese family holdings lacking clear transfer of power, reports Straits Times.
He will remain the bank’s adviser to provide guidance to support the continued growth of PBB and the group.