Did Public Bank meet expectations in the first quarter?
Operating costs rose, coupled with higher loan provisions, dragging down Public Bank (PBBANK, 1295, main board financial stock) net profit in the first quarter of the 2024 fiscal year, down 3.54% year-on-year to 1.653 billion million 9000 ringgit.
First-quarter revenue increased by 10.97% year-on-year to 6.794 billion million 3000 ringgit.
According to the announcement, the bank's total loans as of the end of March increased by 6.3% year-on-year, and it continues to maintain a leading position in the financing market.
As for the total deposits, they increased by 7.1% year-on-year, with domestic deposits increasing by 7.3% to 391.9 billion ringgit.
First-quarter revenue increased by 10.97% year-on-year to 6.794 billion million 3000 ringgit.
According to the announcement, the bank's total loans as of the end of March increased by 6.3% year-on-year, and it continues to maintain a leading position in the financing market.
As for the total deposits, they increased by 7.1% year-on-year, with domestic deposits increasing by 7.3% to 391.9 billion ringgit.
Source: Nanyang Siang Pau
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