RAM Affirms Public Bank Group’s AAA Ratings

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RAM Affirms Public Bank Group’s AAA Ratings - Business Today

Quick Summary:

RAM Ratings has affirmed the AAA/Stable/P1 financial institution ratings of Public Bank Berhad (the Group) and its core subsidiary, Public Islamic Bank Berhad, as well as the issue ratings of the entities.

The recent acquisition of LPI Capital Berhad (LPI) – one of Malaysia’s top six general insurers by gross direct premiums – offers opportunities for enhanced cross-selling, which will lift non-interest income.

Public Bank’s direct loan exposure to export-oriented borrowers is small, accounting for just 2.9% of gross loans as at end-March 2025.