Public Bank’s 4Q20 earnings decline on higher loan impairment allowance

by TMR/ FILE PIX
Public Bank Bhd’s net profit fell 18.3% to RM1.15 bil in the fourth quarter ended Dec 31, 2020 (4QFY20) from RM1.41 bil posted in the same quarter a year ago due to higher loan impairment allowance made in the anticipation of the potential effect of COVID-19 pandemic. The bank in a … Continue reading Public Bank’s 4Q20 earnings decline on higher loan impairment allowance