“The second quarter of our financial year saw the reopening of the economy and subsequent pickup in economic activities which correspondingly resulted in more demand from clients for loans/financing, as such, we were able to maintain the growth momentum we have seen over the past few quarters,” said Hong Leong Bank group managing director and CEO Domenic Fuda in a statement yesterday.
KUALA LUMPUR: Hong Leong Bank Bhd
(HLB) recorded a net profit of RM1.6bil for the six months ended Dec 31, 2021, which was a 14.2% improvement over RM1.4bil in the previous corresponding period.
The group reported revenue of RM2.75bil during the period, which was little changed over the same period in 2020 as higher net interest income was offset by lower non-interest income contribution.
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