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Best Bank: Public Bank |
Public Bank no longer has this award so easily to itself as the CIMB Group continues to develop and grow, but for now it is still Malaysia’s clear leader pretty much any way you look at it.
It leads the way in terms of profitability, with a 36.9% return on average equity compared with an industry average of 19.6%, cost-to-income ratio at 31.2% compared with 48% for the industry, and the quality of the book. Its gross NPL ratio, at 1%, and net NPLs at 0.9% both lead the industry, with loan-loss coverage of 163.8% almost double the norm in Malaysia.
As well as being well run, the bank is successful.