Teh Hong Piow Nov20 Public Bank KUALA LUMPUR: Public Bank posted net profit of RM1.39bil in the third quarter ended Sept 30,2020, a slight increase of 2.2% from RM1.36bil a year ago, underpinned by higher income from investments, stock broking, fund management and Islamic banking. It reported on Friday while its revenue fell by 8.5% to RM5.13bil from RM5.61bil, its pre-tax profit rose by 2.3% to RM1.80bil from RM1.76bil a year ago. Its net profit increased mainly due to higher investment income of RM102.9mil and also higher net fee and commission income of RM89.1mil on higher income from stock-broking and fund management. Public Bank also recorded higher Islamic banking income of RM63.6mil, higher net interest income of RM48mil and higher other operating income of RM25.2mil.,
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