Download - Public Bank | PBeBank.com

More documents

Recommendations

Info

199Chairman’s Review – Business Operations ReviewInternational OperationsHONG KONGAt a Glance2012HKD’Million2011HKD’MillionGrowth%Profit before taxPublic Financial Holdings Groupof which:Public Bank (Hong Kong) Limited^Public Finance Limited^455.8103.0290.3468.297.1324.9(2.7)6.1(10.7)Gross loans, advances and financingPublic Bank (Hong Kong) LimitedPublic Finance Limited22,413.24,682.522,931.44,634.3(2.3)1.0Deposits from customersPublic Bank (Hong Kong) LimitedPublic Finance Limited25,009.23,830.424,218.03,456.13.310.8Gross impaired loans ratio (%)Public Bank (Hong Kong) LimitedPublic Finance Limited0.52.80.72.9(0.2)(0.1)Risk-weighted capital ratio (%)Public Bank (Hong Kong) Limited*Public Finance Limited*16.430.116.130.80.3(0.7)^profit excluding dividends from subsidiaries* presented in accordance with the Banking (Capital) Rules under Section 98A of the Banking Ordinance issued by the Hong Kong Monetary AuthorityThe Public Bank Group’s operations in Hong Kongconcentrate on two core businesses:i) Retail and commercial bankingii) Stockbroking and wealth managementThe retail and commercial banking activities of the PublicBank Group in Hong Kong are mainly driven by Public Bank(Hong Kong) Limited and Public Finance Limited. As a resultof intense competition coupled with weak demand arisingfrom slowdown in the Hong Kong economy, Public Bank(Hong Kong) Limited’s total loans and advances dropped byHKD0.52 billion or 2.3% to HKD22.41 billion as at the endof 2012 from HKD22.93 billion a year ago. However, thepersonal loans business undertaken by Public FinanceLimited which serves the middle- to lower- incomehouseholds and overseas contract workers recorded amarginal increase of HKD48.2 million or 1.0% toHKD4.68 billion as at the end of 2012 from HKD4.63 billiona year ago. Although lending was subdued, credit riskremained relatively stable and healthy. Public Bank (HongKong) Limited’s gross impaired loans ratio remained healthyat 0.5% as at the end of 2012 whilst gross impaired loansratio of Public Finance Limited improved to 2.8% from 2.9%a year ago as a result of vigilant and proactive measurestaken to identify and manage potential impaired loans.Despite intense competition for customer deposits, PublicFinance Limited achieved commendable deposit growth of10.8% to HKD3.83 billion as at the end of 2012 whilstPublic Bank (Hong Kong) Limited’s customer deposits grewby 3.3% to HKD25.01 billion as at the end of 2012.
200PUBLIC BANK BERHAD Annual Report 2012Resilient AlwaysChairman’s Review – Business Operations ReviewInternational OperationsThe Public Bank Group continued to leverage on its strategicalliance with ING Group to market bancassurance productsthrough its combined network of branches in Hong Kong.As a result of various marketing activities carried out duringthe year, bancassurance sales in Hong Kong increased by28.9% to HKD187.4 million in 2012.The lower fee income coupled with inflationary effects onoperating costs, particularly as a result of rising rental andstaff costs resulted in a decline in pre-tax profits of PublicFinancial Holdings Limited by HKD12.4 million or 2.7% toHKD455.8 million in 2012.As at the end of 2012, the Public Bank Group’snetwork of branches in Hong Kong and PRC stand at 86branches, comprising 83 branches in Hong Kong, threebranches in Shenzhen, PRC and a representative office eachin Shanghai and Shenyang in the PRC and in Taipei, Taiwan.CAMBODIAAt a GlanceCAMBODIAN PUBLIC BANK PLC2012USD’Million2011USD’MillionGrowth%Profit before taxGross loans, advances and financingDeposits from customersGross impaired loans ratio (%)Risk-weighted capital ratio (%)**35.2679.2906.63.021.629.0611.4770.93.022.821.011.117.6–(1.2)** represents the Solvency Ratio of Cambodian Public Bank Plc, which is the nearest equivalent local regulatory capital compliance ratioCambodian Public Bank Plc (“Campu Bank”), a whollyownedsubsidiary of the Public Bank Group commencedoperations in May 1992. Since then, Campu Bank hasgrown to become one of the leading banks in Cambodiaproviding a wide range of banking and financial products.Campu Bank’s wholly-owned subsidiary, Campu SecuritiesPlc offers services such as securities underwriting, dealingand share broking whilst its insurance subsidiary, CampuLonpac Insurance Plc (“CLIP”), which is 55%-owned by thePublic Bank Group provides general insurance services.Campu Bank recorded another year of strong performancewith an impressive pre-tax profit growth of 21.0% toUSD35.2 million in 2012 from USD29.0 million a year ago.Total loans and customer deposits also achieved doubledigitgrowth of 11.1% and 17.6% respectively in 2012 toUSD679.2 million and USD906.6 million respectively as atthe end of 2012, with a healthy net loan to deposit ratio of72.8%.
Page 1 and 2:
144PUBLIC BANK BERHAD Annual Report
Page 3 and 4:
146PUBLIC BANK BERHAD Annual Report
Page 5 and 6: 148PUBLIC BANK BERHAD Annual Report
Page 55: 198PUBLIC BANK BERHAD Annual Report
show all

Download - Public Bank | PBeBank.com

Create successful ePaper yourself

Delete template?

Save as template?