KUALA LUMPUR: Public Bank Bhd's pre-tax profit for the first quarter ended March 31, 2014, grew by 4.5 per cent to RM1.33 billion from RM1.26 billion in the same period last year.

Revenue increased to RM3.94 billion from RM3.67 billion previously. Founder/Chairman, Tan Sri Teh Hong Piow, said the bank continued to demonstrate resilience in its performance, particularly the domestic operations, which recorded a healthy annualised loan growth of 10.7 per cent and an annualised deposit growth of 14.2 per cent.

"This is despite the protracted external uncertainties and challenging operating environment with expected moderation in the overall domestic demand," he said in a statement today.