Public Bank - on behalf of its wholly-owned subsidiary Public Mutual Berhad - is pleased to contribute RM300,000 to help the victims of the Sichuan earthquake in China.
This contribution will go towards the efforts of rebuilding the life of those affected by the devastated earthquake in the Sichuan province.
The contribution is presented by Tan Sri Dato' Sri Dr. Teh Hong Piow, Founder and Chairman of Public Bank and Chairman of Public Mutual, through MERCY Malaysia at Menara Public Bank today.
"We are very sad for the tragic and devastated earthquake which has taken human toll and left many victims in its aftermath. Our hearts go out to all who have lost their loved ones and valuable possessions," Tan Sri Teh said during the cheque presentation.
Tan Sri Teh added that this contribution is in line with the corporate social responsibility programmes or CSR of the Public Bank Group to help deserving communities and needy.
"We hope this contribution will help the victims of the earthquake to quickly rebuild and resume their life back to normal," Tan Sri Teh said.
The Public Bank Group's CSR programmes include efforts and projects in key areas such as nation building, education, environmental conservation and health care.
The Public Bank Group works with the Malaysian government and non-profit organisations in various community projects.
The Public Bank Group has its banking operations both in China and Hong Kong SAR. Tan Sri Teh said that this contribution and support is a reflection of the Public Bank Group's commitment to the country in which it has a business presence.
Public Mutual is the largest private unit trust company in Malaysia with 40% market share due to its superior performance and strong brand. It manages 62 funds for more than 1.8 million account holders.
Public Mutual has more than 35,000 agents throughout Malaysia to sell and distribute its funds. As at 30 April 2008, the total net asset value of the funds managed by Public Mutual was RM27.8 billion.