Hong Leong Bank makes small retreat in Q1 profit

Fuda: We remain confident that with our strategic priorities in place, we should continue to see further operational improvements and business growth going forward.

PETALING JAYA: Hong Leong Bank Bhd registered a slight 2.6% year-on-year (y-o-y) dip in net profit to RM688.58mil for the first quarter of the financial year ending June 30,2020 (FY20).

This was supported by an improved net interest margin (NIM), coupled with prudent cost control and healthy contributions from its overseas businesses.