“Continued execution of our strategic priorities has provided us a strong foundation to begin the new financial year with an encouraging set of results for Q1 of FY22, underpinned by an effective cost management structure, continued discipline in our investments and loan/financing portfolio growth,” said Hong Leong Bank group managing director and CEO Domenic Fuda (pic).
PETALING JAYA: Hong Leong Bank Bhd
turned in a 17.7% jump in net profit to RM858.25mil in the first quarter (Q1) of its financial year ending June 30, 2022 (FY22), underpinned by topline growth, disciplined expense management, lower loan impairment allowances and robust associate contributions.
The group reported a revenue of RM1.38bil in the quarter, which was slightly higher than RM1.35bil in the previous corresponding quarter.
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