Public Bank picks Galle for first outstation branch

Monday, 24 November 2014 00:06 -     - {{hitsCtrl.values.hits}}

Public Bank Colombo recently opened its first outstation branch at No. 26 A, Kaluwella, Galle. It was ceremonially opened by the Deputy Speaker of the House and Member of Parliament Chandima Weerakkody on 14 November. Public Bank Colombo opened its first branch in Nawala in 2012. Public Bank Colombo Branch commenced its banking business in Sri Lanka in 1992. It is a fully-fledged licensed Commercial Bank supervised by the Central Bank of Sri Lanka providing banking services to corporate and retail customers. The Public Bank in Malaysia was founded in 1966 and is known for its prudent management, strong profitability, stable leadership, strong asset quality, healthy capitalisation and service excellence. Public Bank has a strong branch network of 258 branches in Malaysia and 124 branches overseas in Hong Kong, China, Cambodia, Vietnam, Laos and Sri Lanka. Public Bank is ranked 165th in the World by the Banker Magazine 2014 July edition. Its financial ratings are RAM AAA, Standard & Poor’s A- and Moody’s A-3. Public Bank is the most awarded banking group with many repeated awards, including the Best Bank in Malaysia 2013by Alpha Southeast Asia 2013, Best SME Bank in Malaysia by Alpha Southeast Asia 2013, Corporate Governance Asia Recognition Award 2013 for Malaysia by Corporate Governance Asia, Best Bank in Malaysia by Finance Asia and Best Bank in Malaysia 2013 by The Asset. The Group financial highlights: 48 years of unbroken profitability In 2013, profit before tax Rs. 212 billion; loan, advances and financing Rs. 12, 299 billion; customer deposits Rs. 8,776 billion; and net NPL 0.7%.