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Hong Leong Bank cuts loan growth target


“It used to be a 4%-5% loan growth target and we are cutting it to 3%-4% for the entire year,” group managing director and chief executive officer Domenic Fuda(filepic) said.

“It used to be a 4%-5% loan growth target and we are cutting it to 3%-4% for the entire year,” group managing director and chief executive officer Domenic Fuda(filepic) said.

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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