HLB’s nine-month net profit rises to RM2.38bil

“While we are steadfast in extending the necessary financial assistance to our clients, we consistently aim to maintain strong asset quality across all loan portfolios through our robust credit framework," said HLB’s group managing director and CEO Domenic Fuda.

PETALING JAYA: Hong Leong Bank Bhd (HLB) recorded a net profit of RM2.38bil in the nine-month period ended March 31, 2022 (9M22), 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.