Hong Leong Bank's 9M net profit rises to RM2.38bil

KUALA LUMPUR: Hong Leong Bank Bhd recorded a net profit of RM2.38bil in the nine months period ended March 31, 2022, which was 9.69% higher compared with RM2.17bil in the same period in 2021.

In a statement, the bank said the improved result was underpinned by solid loan and financing growth, effective cost management, lower loan impairment allowances and robust associate contribution.