KUALA LUMPUR, Feb 26 (Bernama) -- Public Bank Bhd’s net profit rose by 7.5 pct to RM7.15 billion in the financial year ended Dec 31, 2024 (FY2024) compared with RM6.65 billion in FY2023, due to the reversal of over-provision of tax in the prior years.
Revenue expanded to RM27.20 billion from RM25.41 billion.
Net interest and Islamic banking income increased by RM541.3 million, or 5.1 per cent, mainly due to improved net interest/financing margin.
“Non-interest income increased by RM376.8 million (15.2 per cent), mainly due to higher unit trust and stock-broking income, as well as higher investment and foreign exchange income.
“In addition, profit contribution from an associated company improved by RM222.2 million during the year,” the bank said in a stock exchange filing.
-- BERNAMA
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