Hong Leong Bank cuts loan growth target


KUALA LUMPUR: Hong Leong Bank Bhd (HLBB) is lowering its loan growth target, citing the need to be selective and prudent amid a tough operating environment.

The bank’s earnings grew by almost a quarter in the three months ended Dec 31, 2017 to RM683mil on strong income growth, stable margins, cost control and recovery from associates’ contributions.

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