KUALA LUMPUR: Hong Leong Bank Bhd
(HLBB) is adopting a “cautious” stance on lending to the residential mortgage segment despite posting a reasonably strong growth in loans to this sector.
“The bulk or 80% of the loan growth to the residential sector goes to the RM400,000 to RM700,000 price segment. We also participate in the financing of the RM250,000 and below segment but the value is relatively smaller.
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