Hong Leong Bank FY19 net profit at RM2.66bil

Group managing director and CEO Domenic Fuda said financial year 2019 (FY19) was challenging, with ongoing funding cost pressure coupled with global economic challenges and cautious business sentiment.

KUALA LUMPUR: Hong Leong Bank Bhd’s (HLB) net profit rose by 1% to RM2.66bil in the financial year ended June 30,2019 from RM2.63bil a year ago amid a challenging year.

The banking group, which is controlled by tycoon Tan Sri Quek Leng Chan, rewarded shareholders with a proposed dividend of 34 sen a share.