Public Bank Bhd (PBB) has declared a cash dividend of 48 sen per share for financial year ended Dec 31, 2011, up from 45.5 sen per apiece in the previous financial year, attributed to the strong performance during the financial year.
The total dividend amounted to RM1.68 billion, representing a total payout of 48 per cent of the group's net profit last year.
Chairman Tan Sri Teh Hong Piow said the banking group was expected to maintain its earning momentum and continue to record satisfactory performance this year, supported by growth in home mortgages, passenger vehicle hire purchase financing and retail customer loans.
"The group's solid performance in 2011 reaffirms the continued soundness of its proven business strategies.
"The bank will continue to sustain its market leadership position in domestic lending for residential mortgages, -- Bernama
The total dividend amounted to RM1.68 billion, representing a total payout of 48 per cent of the group's net profit last year.
Chairman Tan Sri Teh Hong Piow said the banking group was expected to maintain its earning momentum and continue to record satisfactory performance this year, supported by growth in home mortgages, passenger vehicle hire purchase financing and retail customer loans.
"The group's solid performance in 2011 reaffirms the continued soundness of its proven business strategies.
"The bank will continue to sustain its market leadership position in domestic lending for residential mortgages, -- Bernama
