Hong Leong Bank projecting loans growth of 10%

Hong Leong Bank Bhd is projecting a loans growth of 10% this year on higher lending in business and mortgage loans, against flat growth last year, said senior group managing director Datuk James Lim.  

The country's sixth largest banking group has also seen improvement in its non-performing loans (NPLs) ratio, with loan recovery picking up “significantly” as more properties were successfully auctioned off in the past three months, he said, attributing the success of the auctions to spill-over effects from an improving economy.