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.
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