BURSA TOP 20: WHO'S THE MOST CHARITABLE?
How Malaysia's Biggest Public Companies Give Back To Society?
Public Bank Berhad
The Public Bank Group 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. The Group’s Corporate Philosophy guides their sustainability practices and strategy which aims for ‘Organic Growth Strategy in Retail Banking Business’, focusing on 5 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 2021
Note:
Proportion of in-kind giving is not visualized in the chart above due to its small percentage.
The Group’s total net profit amounted to RM5.66 billion during FY2021.
The total dividend payout of RM2.95 billion represents 52.2% of the Group’s net profit for FY2021.
Total cash contributions made by Public Bank Berhad during FY2021, was approximately RM3.9 million, not including the Staff Donation programme.
Total in-kind contributions made by the Group was worth approximately RM0.11 million and more, not including givings made by employees.
No employee volunteer hours were reported by Public Bank Berhad.
Public Bank Berhad:
Cash, In-Kind and Employee Volunteer Hours
| No. | Contribution | Cash Giving | In-kind Giving | Employee Volunteer Hours | Beneficiaries | |
|---|---|---|---|---|---|---|
| 1 | Contribution to the Academy of Medicine Malaysia and the Academy of Family Physicians Development Fund | RM3M | N/A | N/A | Academy of Medicine Malaysia and Academy of Family Physicians | The Public Bank Group contributed RM3 million to the Academy of Medicine Malaysia and to its sister body the Academy of Family Physicians to assist in the construction of their new medical academies building in Putrajaya. |
| 2 | Hospital Kuala Lumpur (HKL) food packs for front-liners | N/A | Food packs worth RM11k | N/A | Frontliners | Public Bank Group contributed RM11,000 in lunch food packs for a duration of 10 working days to the front-liners who tested positive for COVID-19 and were quarantined at Hospital Kuala Lumpur (HKL). |
| 3 | Contribution to those affected by the pandemic from employees | N/A | Essential items worth RM8.7k | N/A | 194 children across 4 orphanages. | Public Mutual’s employees and unit trust consultants (“UTCs”) collectively donated more than RM8,700 to purchase essential items to be distributed to 194 children across 4 orphanages. |
| 4 | Contribution to those affected by the pandemic | N/A | Grocery items worth RM13.1k | N/A | 262 households | RM13,100 worth of grocery items were distributed by Public Bank to 262 households in the Klang Valley. |
| 5 | Contribution to those affected by the pandemic from employees | N/A | Grocery items worth RM1k | N/A | Beneficiaries | RM1,000 was raised by Public Mutual’s Bintulu branch employees and unit trust consultants ("UTCs") to buy groceries for those in need in Bintulu, Sarawak. |
| 6 | Contributions collaborating with Cambodia’s Association of Banks and Insurance Regulator | N/A | Donations worth USD10.7k | N/A | Beneficiaries | Campu Bank, in collaboration with the Association of Banks in Cambodia, donated food items worth USD5,250 to the Insurance Regulator of Cambodia to assist those affected by the COVID-19 pandemic. Food items worth USD250 were also contributed to the people in Koh Kong province who were under quarantine for COVID-19. Campu Bank also contributed USD100 to Angkor Hospital for Children to support medical checkup, health care and treatment for Cambodian children. Additionally, Campu Bank donated USD5,100 to the Cambodian Red Cross to support local community welfare. |
| 7 | Contribution raised for Vietnam’s National COVID-19 Vaccine Fund and others | N/A | Donations worth VND273M | N/A | Vietnam’s National COVID-19 Vaccine Fund, COVID-19 affected households and GoVap Central for Children Nurturing & Protection | Public Bank Vietnam raised VND228 million to contribute to Vietnam’s National COVID-19 Vaccine Fund while also making contributions of VND10 million to local authority to help support the health system and delivering essential goods to COVID-19 affected households. Another contribution of VND35 million worth of milk, diapers, dried food and gifts were given to GoVap Central for Children Nurturing & Protection at GoVap District, Ho Chi Minh city. |
| 8 | Contribution to the press community | RM7.5k | N/A | N/A | Malaysian Press Night 2021 | Public Bank Group contributed RM7,500 to the Malaysian Press Night 2021 to acknowledge the best journalism works in 2021 via the presentation of the Malaysian Journalism Awards. |
| 9 | Contribution to the press community | RM10.6k | N/A | N/A | Star Media Group | The Group also contributed RM10,600 to the Star Media Group for its Digital Financing Live Hybrid/Live Virtual Conference that provide insights on how to accelerate growth in realising the nation’s cashless economy agenda. |
| 10 | School Adoption' programme | N/A | Distributed 'Buku Wang Saku' and financial literacy initiatives | N/A | 858 schools | The Group had 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 to raise the level of financial literacy among Malaysians. |
| 11 | UCSI University-Public Bank National English Language Essay Competition | RM20k | N/A | N/A | UCSI University | The Group contributed RM20,000 to UCSI University for the UCSI University-Public Bank National English Language Essay Competition to support participants in expressing their thoughts through writing essays in the English language. |
| 12 | Financial Industry Collective Outreach (“FINCO”) | RM0.85M since 2017 | N/A | N/A | Underprivileged children and youths | The Public Bank Group had contributed RM850,000 to the Financial Industry Collective Outreach (“FINCO”), since 2017, to further assist underprivileged children and youths. |
| 13 | PB Top Achiever Award | RM10k | N/A | N/A | Graduates | The Public Bank Group contributed RM10,000 to Tunku Abdul Rahman University College (“TARUC”) for the PB Top Achiever Award for exceptional graduates from the Faculty of Accountancy and Management and the Faculty of Business and Finance. |
| 14 | Contribution for construction of Buddhist Academic Building | KHR1M | N/A | N/A | Rajabo Buddhist High School | Campu Bank donated KHR1,000,000 to support the initiative of the National Bank of Cambodia for Rajabo Buddhist High School in Siem Reap Province in the construction of a 4-storey Buddhist Academic Building. |
| 15 | Sponsorhip to Koperasi Jayadiri Malaysia Berhad (”KOJADI”) | RM3k | N/A | N/A | Koperasi Jayadiri Malaysia Berhad (”KOJADI”) | The Public Bank Group sponsored RM3,000 to Koperasi Jayadiri Malaysia Berhad (”KOJADI”) to provide education loans and for the publication as well as printing of the KOJADI 2020 Annual Report. |
| 16 | Staff donation programme | RM0.14M | N/A | N/A | 36 employees | During FY2021, a sum of RM149,000 financial contributions were extended to 36 employees who needed financial assistance through the staff donation programme. |
1. The numerical value for total cash and in-kind giving was calculated based on individual monetary mentions in the Annual report.
2. The information above is derived from Public Bank Berhad’s 2021 Annual Report. Email correspondence was made between between 8 July – 3 August 2022 to seek further clarification, however no reply was received.
Why Is This Report Necessary?
CHEER ON
Generous and meaningful corporate philanthropy
INSPIRE
GOOD REPORTING
Encourage transparency and accountability for social and environmental matters
CONVERSATION
Spark discussions on the importance of corporate philanthropy
See How Public Bank Berhad Ranks Against The Other Top 19 Public-Listed Companies
Get updated on the impact industry
Receive monthly digest about jobs, news, and events. Promise, no spam!
You can unsubscribe anytime.