Business is all about strict cost control and risk management — even more so during these unprecedented times — and Public Bank Bhd’s prudence in both over the past decades is paying off, as the bank announced a record high quarterly profit this week. In an interview with The Edge, Public Bank Bhd’s managing director and chief executive officer Tan Sri Tay Ah Lek said he believes that years of prudent risk management and disciplined cost control practices have enabled the banking group to build sufficient buffers to cushion the adverse impact caused by the pandemic.
