KUALA LUMPUR (Dec 12): Public Bank Bhd founder and chairman emeritus Tan Sri Dr Teh Hong Piow passed away on Monday (Dec 12) morning at the age of 92, the bank confirmed a few minutes before the stock market's 5pm close.

"It is with deep sorrow we announce that our chairman emeritus… has passed away peacefully at 10.20am today at the age of 92. Teh's passing is a great loss to the Public Bank group," the bank's managing director and chief executive officer, Tan Sri Dr Tay Ah Lek said in a media release.