KUALA LUMPUR: Hong Leong Bank Bhd reported net profit of RM2.49bil for its financial year (FY) ended June 30 amid challenging times and forecast gross loan growth of 5% to 6% for the current financial year.
The bank’s managing director and CEO Domenic Fuda (pic) also believes there will be another overnight policy rate (OPR) cut before the year is out. As it is, the market is predicting a 25 basis points cut.
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