Public Bank’s Quarterly Profit Slips as Credit Charges Rise

Kuala Lumpur, 6 November 2026 – Public Bank Berhad reported third-quarter net profit of RM1.77 billion, down 3.8% from RM1.84 billion a year earlier, as higher loan and financing impairment allowances weighed on earnings. Revenue rose 4.4% to RM7.74 billion in the three months ended 30 September 2026. Net profit for the first nine months was broadly unchanged at RM5.35 billion.

For Asian investors following Malaysian banks, Public Bank’s results show how rising lending income and weaker profit can coexist. The bank earned more net interest income in the quarter, but higher credit charges, lower investment income and higher operating expenses offset that benefit. The increase in allowances is a confirmed expense; it does not, on its own, establish that borrowers are falling behind on payments across the loan book.