WHO'S THE MOST CHARITABLE?

How Malaysia's Biggest Public Companies Give Back To Society?

Public Bank Berhad

The Public Bank Berhad has a wide network of 293 domestic branches and 150 overseas branches, with a combined workforce of over 19,000 people in Malaysia and across the region. Their Corporate Philosophy guides their sustainability practices and strategy, which aims for ‘Organic Growth Strategy in Retail Banking Business’, focusing on five main areas – Responsible Business, Conduct and Compliance, Managing Environmental Impact, Developing Employees and Corporate Citizenship. One of Public Bank Group’s sustainability commitment is to make positive contribution by enhancing the quality of life of the wider community by supporting and empowering them while identifying, mitigating and managing modern slavery and human rights risks across the supply chain.

Fiscal Year-End: 31 December 2022

Industry: Financial Services

Net Profit: RM6.11 billion

The net profit of Public Bank Berhad increased in FY2022 to RM6.11 billion from RM5.65 billion during the previous financial year.

Profit Growth (YoY): 8.18%

The year on year net profit growth at Public Bank Berhad is at 8.18%.

Dividend Payout: RM3.30 billion

The Group’s dividend payout ratio for the FY2022 is 53.90%, which amounts to RM3.30 billion.

Zakat Fund: RM1.86 million

Public Bank Berhad in Malaysia contributed a total Zakat of RM1.86 million in FY2022.

Cash Giving: RM0.32 million

Total cash contributions made by Public Bank Berhad during FY2022 was approximately RM320,900 based on their annual and sustainability report, not including the Staff Donation programme.

In-kind Giving: RM0.21 million

Total in-kind contributions made by Public Bank was worth approximately RM210,225.

Employee Volunteer Hours: N/A

The total employee volunteer hours by Public Bank Berhad was not specified in their annual and sustainability report.

Public Bank Berhad:
Cash, In-Kind and Employee Volunteer Hours

No.	Contribution	Based on Previous Yr	Cash Giving	In-kind Giving	Employee Volunteer Hours	Beneficiaries
1	Financial Industry Collective Outreach		N/A	Contribution worth RM1.00M	N/A	Public	Contributed >RM1 million to Financial Industry Collective Outreach (“FINCO”) since 2017. FINCO is a collaborative initiative pioneered by all financial institutions in Malaysia to champion English proficiency, financial literacy, provide avenues for underprivileged children and youths to achieve their life aspirations as well as disaster relief.
2	National Cancer Society		RM10.00k	N/A	N/A	National Cancer Society	Donation of RM10,000 to support National Cancer Society of Malaysia’s noble effort in running their cancer are centre and their various awareness programmes
3	Yayasan Orang Buta Malaysia		N/A	2 units of PERKINS Brailler worth RM8.64k	N/A	Yayasan Orang Buta Malaysia	Two units of PERKINS Brailler worth RM8,640 were presented to Yayasan Orang Buta Malaysia for the use of visually impaired students studying at special needs schools under the purview of the Ministry of Education, ministry of Higher Education and Tahfiz Schools in Malaysia
4	Institut Jantung Negara Foundation’s Charity Golf Challenge		RM30.00k	N/A	N/A	Institut Jantung Negara	Donation of RM30,000 in support of Institut Jantung Negara Foundation’s Charity Golf Challenge fundraising programme to financially assist the less fortunate heart patients
5	Deepavali celebrations		RM33.00k	N/A	N/A	4 orphanage homes	Contribution of RM33,000, in conjunction with the Deepavali celebrations, to four orphanage homes, namely Pusat Jagaan Anbe Sivam, Pertubuhan Kebajikan Thangam Illam, Persatuan Kebajikan Kanak-Kanak Cornerstone, Selangor, and Pusat Jagaan Beribuan Kasih
6	Hari Raya Aidilfitri celebrations		RM15.00k	N/A	N/A	Community	Contribution of RM15,000 to support the Safety Operation 18 launched in conjunction with the Hari Raya Aidilfitri celebrations by the Kuala Lumpur Police Contingent under Polis Diraja Malaysia
7	Zakat distribution		RM67.50k	N/A	N/A	Asnaf recipients	Distribution of zakat totalling RM67,500, via Public Islamic Bank’s Wakalah Zakat, to eligible recipients (Asnaf) from Sekolah Rendah Islam Darul Aman, Lembaga Zakat Negeri Kedah and Hartasuci Sdn Bhd (Pusat Pungutan Zakat – Majlis Agama Islam Wilayah Persekutuan)
8	Lighthouse Children Welfare Home Association		RM4.20k	N/A	N/A	Lighthouse Children Welfare Home Association	Donation of RM4,200 by Public Investment Bank to Lighthouse Children Welfare Home Association for underprivileged children.
9	Sekolah Tahfiz Al Habbah		RM2.00k	N/A	N/A	100 children	RM2,000 during the month of Ramadan for 100 children of Sekolah Tahfiz Al Habbah.
10	Flood Relief Campaign		N/A	Essential items	N/A	50 families	The Group also donated essential items to 50 families affected by the floods in Sungai Lui, Hulu Langat, Selangor
11	Flood Relief Campaign		N/A	Grocery and toiletry items worth RM16.93k	N/A	200 households	Donation of grocery and toiletry items worth RM16,930 to 200 households that were affected by the floods in Banting and Shah Alam under the “Flood Relief Campaign” by Public Mutual via the Community Outreach Fund
12	Yayasan Orang Buta Malaysia		N/A	Sponsorship worth RM3.00k	N/A	Yayasan Orang Buta Malaysia	Yayasan Orang Buta Malaysia Sponsorship of RM3,000 to Yayasan Orang Buta Malaysia for their fund raising charity dinner
13	Christmas Festive Charity programme		N/A	Donations worth RM26.00k	N/A	3 orphanages	Donation of RM26,000 to three orphanages namely, Trinity Community Children Home, Rumah Charis (children), and Victory of Children & Youth Home, in conjunction with the Bank’s Christmas Festive Charity programme
14	Charity Events		N/A	Donations of VND135M	N/A	Storm victims, Orphanage, Children Protection Center	Public Bank Vietnam donated VND135 million for charity events covering charity aid for the victims of storm Noru from Thanh Khe District, Danang City, donation to Thi Nghe Orphanage Vietnam Center in Binh Thanh District and donation to Quang Ninh Children Protection Center in Quang Ninh province
15	Cambodian Red Cross		USD5.10k	N/A	N/A	Community	USD5,100 to Cambodian Red Cross to support community welfare from Campu Bank
16	Cambodian Mine Action		USD5.00k	N/A	N/A	Public	USD5,000 to Cambodian Mine Action and Victim Assistance Authority for landmine clearing
17	Bankers' Cycling		USD3.00k	N/A	N/A	Community	USD3,000 to the Association of Banks in Cambodia for the Bankers’ Cycling 2022
18	Donation to Stourng Commune flood victims		USD3.00k	N/A	N/A	Flood victims	USD3,000 to affected flood victims in Stourng Commune, Kampong Thom Province through the National Bank of Cambodia
19	Free eye and ear medical check-up		USD3.00k	N/A	N/A	Community	USD3,000 to Raksa Koma Foundation to provide free eye and ear medical check-up and treatment to the underprivileged in the Kampong Thom Province
20	Construction of a religious school		USD2.40k	N/A	N/A	Youth	USD2,400 for the construction of a religious school as well as for the celebration of festivals in Kampong Thom province
21	YLP foundation		USD0.25k	N/A	N/A	Community	USD250 to YLP Foundation to provide essentials to underprivileged individuals in Banteay Meanchey Province
22	Administrative Police Post		USD0.25k	N/A	N/A	Community	USD250 to the Administrative Police Post of Phsar Kandal II for office renovation
23	Malaysian Journalism award	⬆️	RM10.00k	N/A	N/A	Community	The Public Bank Group contributed RM10,000 to the Malaysian Journalism Award 2022 organised by the Malaysia Press Institute to acknowledge the best journalism works by Malaysian journalists
24	National Journalists Day Celebration		RM10.00k	N/A	N/A	Community	The Group further contributed RM10,000 to the Malaysian National News Agency (“BERNAMA”) in conjunction with their National Journalists Day Celebration which was held from 28 to 29 May 2022 at Dataran Pahlawan, Melaka.
25	Buku Wang Saku		N/A	Financial education talks, essay writing contest, drawing contests	N/A	858 schools	The Public Bank Group also distributed the “Buku Wang Saku” to 858 schools and conducted various activities such as financial education talks, essay writing contests and drawing contests at schools as part of its financial literacy initiative
26	TARCIAN Run 2022		RM10.00k	N/A	N/A	Tunku Abdul Rahman University of Management & Technology	The Public Bank Group also contributed RM10,000 to Tunku Abdul Rahman University of Management & Technology in support of their TARCIAN Run 2022 which promotes a healthy lifestyle while raising funds for the TAR UMT Students Fund.
27	Virtual Asian Medical Students’ Association Health Day 2022		RM5.00k	N/A	N/A	UTAR Medical & Health Sciences Society	Another RM5,000 went to Universiti Tunku Abdul Rahman’s (“UTAR”) Medical & Health Sciences Society to organise their Virtual Asian Medical Students’ Association Health Day 2022 and UTAR Medical Week 3.0
28	Developing and Financing Green Housing in Asia Conference		N/A	Sponsorship worth RM40.00k	N/A	Public	To educate the public about the nation’s sustainability agenda, RM40,000 sponsorship was presented to Cagamas Berhad to organise the Developing and Financing Green Housing in Asia Conference, providing new insights and understanding in the development of sustainable green housing and green finance
29	5th International Sustainable Energy Summit 2022		N/A	Sponsorship worth RM20.00k	N/A	Sustainable Energy Development Authority Malaysia	Another RM20,000 sponsorship was presented to the Sustainable Energy Development Authority Malaysia towards their 5th International Sustainable Energy Summit 2022.
30	Minority Shareholders Watch Group		N/A	Sponsorship worth RM12.00k	N/A	Community	The Public Bank Group also contributed RM12,000 to the Minority Shareholders Watch Group (“MSWG”) to organise a forum on Minority Shareholding Interest and Experience.
31	Koperasi Jaya Diri Malaysia Berhad		N/A	Sponsorship worth RM3.00k	N/A	Community	Another beneficiary of the Group’s appreciation of education is the Koperasi Jaya Diri Malaysia Berhad (“KOJADI”) which received RM3,000 for the publication of their 2021 Annual Report.
32	Malaysian Institute of Management		N/A	Sponsorship worth RM50.00k	N/A	Malaysian Institute of Management	Further contributions were also made to support the Malaysian Institute of Management with a RM50,000 sponsorship for their corporate event.
33	Staff donation programme		RM31.00k	N/A	N/A	12 employees	Staff donation programme: While the Public Bank Group extends a helping hand to the communities, the Group’s employees too have received the necessary assistance. In 2022, a total of RM31,000 financial contributions were extended through this programme to 12 employees who needed financial assistance due to unfortunate events
34	Public awareness on breast cancer		USD5.00k	N/A	N/A	Public	Campu Bank donated USD5,000 to Sihanouk Hospital Centre of Hope during an event organised by AIA (Cambodia) Life Insurance Plc to raise public awareness on breast cancer and available treatments
35	Donations to public schools		N/A	500 boxes of face masks	N/A	34 public schools	500 boxes of face masks were donated by Campu Securities to 34 public schools located in the rural area in Kandal Province, Cambodia
36	Dragon Boat Festival Donation		N/A	Gift packs worth HKD7.30k	N/A	Elderly community	HKD7,300 worth of gift packs were presented by Public Bank (Hong Kong) to the elderly community via the Dragon Boat Festival Donation organised by the Yang Memorial Methodist Social Service and Hong Kong Sheng Kung Hui Welfare Council

⬆️ – shows an increase monetarily or the number of beneficiaries from 2021 report

⬇️ – shows a decrease monetarily or the number of beneficiaries from 2021 report

1. The numerical value for total cash and in-kind giving was calculated based on individual monetary mentions in the Annual and Sustainability report.

2. The information above is derived from Public Bank Berhad’s 2022 Annual and Sustainability Report. Email correspondence was made between between 20 April – 3 August 2023 to seek further clarification, however, no reply was received.

Focus Areas of Public Bank Berhad

Beneficiaries of Public Bank Berhad

In FY2022, Public Bank Berhad observed a decrease in both cash giving to profit ratio and in-kind giving to profit ratio.The primary focus of the Group’s giving efforts was directed towards Sponsorship, where the Group sponsored several noteworthy events, including the Bankers’ Cycling 2022, Malaysian Journalism Award 2022, and the 5th International Sustainable Energy Summit 2022. The largest segment of beneficiaries who benefited positively from Public Bank’s charitable initiatives belonged to the Community category, It catered for a specific group that shared the same characteristics to improve their well-being such as underprivileged individuals.