A longtime banker by trade, Ten Hong Piow built Public Bank from scratch, and now gains most of his personal wealth from his stake in the company.
In fact, Public Bank currently holds a 50-year track record of continuous profitability since its inception.
In the recent Star report of their continuous good track, it attributes Public Bank’s recent money-making magic to consumer loans towards property and vehicles, as well as credit to SMEs (small and medium enterprises).
Public Bank also boasts the lowest cost-to-profitability ratio in Malaysia, in the same report.
Some critique Public Bank for its top-down, conservative management style, but this article credits it for Public Bank’s resilience over the years, despite any financial turbulence.