KLSE (MYR): PBBANK (1295)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
4.54
Today's Change
-0.07 (1.52%)
Day's Change
4.52 - 4.58
Trading Volume
4,869,400
CEO Morning Brief
Public Bank Teams Up With Credit Guarantee Corp to Provide RM1 Bil Financing to SMEs
edgeinvest
Publish date: Tue, 10 Sep 2024, 09:42 AM
Credit Guarantee Corp (CGC) president & CEO Datuk Mohd Zamree Mohd Ishak (second from right) shaking hands with Public Bank managing director & CEO Tan Sri Dr Tay Ah Lek after signing the partnership agreement between Public Bank and CGC. Looking on were CGC chief business officer Sean Tan (left) and Public Bank deputy CEO Datuk Chang Kat Kiam.
KUALA LUMPUR (Sept 9): Public Bank Bhd (KL:PBBANK) said it is committed to extend RM1 billion in financing to small and medium enterprises (SMEs) in partnership with Credit Guarantee Corp Malaysia Bhd (CGC).
"As the largest SME financier of the nation with a market share of 17.5% in Malaysia’s SME financing segment, our partnership with CGC reaffirms our commitment to foster sustainable SME development," said Public Bank managing director and CEO Tan Sri Tay Ah Lek.
As of June 2024, the bank has extended RM69.3 billion of financing to SMEs, Tay said at a luncheon attended by senior management staff from Public Bank and CGC on Monday, according to a statement from the bank.
The RM1 billion financing from Public Bank is guaranteed by CGC, which is 78.65%-owned by Bank Negara Malaysia and 21.35% by commercial banks in Malaysia.
CGC president and CEO Datuk Mohd Zamree Mohd Ishak said RM280 million of the RM1 billion has already been launched, with an additional RM150 million rolled out on Monday.
"Taking into account Malaysia's encouraging first half 2024 economic growth which surpassed economists’ forecast, our immediate plan is to jointly work with Public Bank on the remaining RM570 million which will be launched to meet the additional financing needs of SMEs in line with the expected further improvement in the Malaysian economy," Zamree said.
Shares in Public Bank, Malaysia’s third-largest bank by assets, closed five sen or 1.05% higher at RM4.80, giving the bank a market capitalisation of RM93.17 billion.
Source: TheEdge - 10 Sep 2024
3 weeks ago
Fabien _the efficient capital allocator
You don't sell PBBANK unless it is screaming overvalued like 2.5x BV.
3 weeks ago
Some bloody big funds throwing! Will stabilise soon and will start uptrend! No Worries!
2 weeks ago
Announced Date Change Type Shares Name
11 Sep 2024 06 Sep 2024 Acquired 5,503,000 EMPLOYEES PROVIDENT FUND BOARD
11 Sep 2024 06 Sep 2024 Acquired 4,800,000 EMPLOYEES PROVIDENT FUND BOARD
2 weeks ago
takes time la, may be another 2 more months to go. epf 💩💩 this piece of shit keep throwing.
just only 3 days, and more, more and more ....... come on, what is 10,000 shares to this piece of shit la.
04/09/2024 Disposed 9,928,500
04/09/2024 Acquired 1,000,000
04/09/2024 Disposed 6,750,900
05/09/2024 Disposed 3,639,700
05/09/2024 Disposed 10,541,600
06/09/2024 Acquired 5,503,000
06/09/2024 Disposed 1,801,300
06/09/2024 Disposed 8,881,000
06/09/2024 Acquired 4,800,000
2 weeks ago
Yes Mr law kaw! PBB is not a counter for speculators! Long term investors will benefit. If you are a speculator than get lost. This is not your place!
2 weeks ago
PBBANK: Short-Term Pullback or Long-Term Gain?
https://klse.i3investor.com/web/blog/detail/bestStocks/2024-09-17-story-h469157664-PBBANK_Short_Term_Pullback_or_Long_Term_Gain
2 weeks ago
One of the worst service bank, even contact telephone number stated in its website is not in service, focusing on profit but ignore the customer service quality.
2 weeks ago
Worst service translates to low operation cost, increases earning...
Good for pbb shareholder
1 week ago
@pang72
agree with you.
what if, the BEST for the shareholders ? answer is DON'T PROVIDE ANY SERVICE !! 🤑🤑🤑
1 week ago
Pbb hits day high of $4.77
It is amazing..
I believe it able to break $4. 84 to cover the dividend gap next week
1 week ago
@pang72
look at d candle chart, impossible to hit 4.80 or above next 2 week. it should stood at around 4.75 - 4.68. may below 4.68
1 week ago
I told you guys about Speedmart 99! About 8 days back it 1.85 when l asked you guys to buy as l had my reasons. Today after 8 days it touched 3.30.
1 week ago
Time
US 30
42,186.8 42,191.3 42,092.1 -21.4 -0.05%
04:43:29
US 500
5,724.1 5,736.9 5,717.1 -8.8 -0.15%
04:41:04
US Tech 100
19,870.5 19,967.9 19,844.4 -76.4 -0.38%
04:43:29
6 days ago
@willtolive
as you wish hahaha .... if 4.20, "kau lart loh" my friend. tapi, tak ape , aku masih ade bullets.
4 days ago
CIMB MACD sell signal Sept 27th @8.30 region.
Downtrend to continue .
one chartist put support @6.20
Guess a more reasonable support 7.40
5 hours ago
PBB is MACD sell signal @4.80. Sept 5-Sept 11th
Double confirm sell @4.68 region.
Immediate support 4.40
Meaningful support level 4.2 region
4 hours ago
Time Cycle Analysis
2024年10月2日 18:49:14,月亮位于处女座,即中国的《南朱雀》。太阳是阳(火),月亮是阴(水)。因此在新月期间(初一),阳阴日月水火会相生相克,互相冲突。
https://www.tradingview.com/chart/FBMKLCI/XYBfv9qj-Time-Cycle-Analysis/
3 hours ago
pang72
Since Calvin didn't come back here so we shld not kacau him amymore
3 weeks ago