Public Bank Bhd has registered a 2.9 per cent Increase in net Profit to RM5.21 billion from RM5.06 billion recorded last Year.

Public Bank said the year-on-year increase in net profit was due to higher net interest income and higher income from Islamic banking business.

Multi Management and Future Solutions Malaysia: Public Bank Bhd has enrolled a 2.9 for each penny increment in net benefit amid the budgetary year finished Dec 31, 2016 to RM5.21 billion from RM5.06 billion recorded a year ago. 

In a recording to Bursa Malaysia today, Public Bank said the year-on-year increment in net benefit was because of higher net premium salary and higher pay from Islamic keeping money business. 

"The development in the gathering's benefit was driven by proceeded with advances and client stores development combined with stable resource quality," it said. 

Its income amid a similar period expanded 4.8 for every penny to RM20.1 billion from RM19.18 billion. 

For the final quarter, Public Bank's net benefit facilitated 0.6 for each penny to RM1.48 billion from RM1.49 billion because of lower other working pay, bring down net writeback of advance impedance recompense and higher other working costs. 

Its income amid the quarter expanded 3.1 for each penny to RM5.08 billion from RM4.93 billion. 

In accordance with the great entire year money related execution, Public Bank governing body has proclaimed a moment between time profit of 32 sen, taking entire year profit for 2016 to 58 sen. 

It said the aggregate profit paid and payable for 2016 added up to RM2.24 billion and speaks to an aggregate payout of 43 for each penny of the gathering's net benefit for 2016.

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