Public Bank has been voted as the Best Managed Malaysia Company in the Finance Asia’s eight annual poll for the year 2008. In the poll, votes were collected from 167 investors and analysts across the Asia region.
The bank is the country’s largest banking group by market capitalization and is second to Maybank in terms of profitability. It is the second year running the company topping the list, with BAT (British American Tobacco) winning it in 2006.
Apart from named the best managed company, the bank also tops other 3 categories for Best Corporate Governance, Best Investor Relations and Most Committed Company to Strong Dividend Policy, making it as one of the most successful local companies in Malaysia for the past few years.
Public Bank was followed by another banking group, CIMB, with IOI Corporation, Genting and DiGi trailing behind in third, fourth and fifth.
Result for best managed companies:
- Public Bank
- CIMB Bank
- IOI Corp
The bank presently operates through 242 local branches, as well as 3 in overseas. It offers a wide range of services to its customers covering commercial banking, Islamic finance, wealth management, stock and card businesses.
Public Bank was established more than 40 years ago by Tan Sri Dato’ Teh Hong Piow, who is still holding the position as the Chairman. Forbes named Teh Hong Piow as the fourth richest man in Malaysia after Robert Kuok, Ananda Krishnan and Lee Shin Cheng.