Hong Leong Bank posts stronger Q1FY22 earnings of RM858.25mil

Hong Leong Bank group managing director and CEO Domenic Fuda

KUALA LUMPUR: Hong Leong Bank Bhd turned in a 17.7% jump in net profit to RM858.25mil in the first quarter of its financial year ending June 30, 2022, underpinned by topline growth, disciplined expense management, lower loan impairment allowances and robust associate contributions.

The group reported revenue of RM1.38bil in the quarter, which was slightly higher than RM1.35bil in the previous corresponding quarter.