PETALINg JAYA: Hong Leong Bank Bhd
(HLB) is on track to meet all key targets set for its financial year ending June 30, 2024 (FY24), with potential earnings upside coming from robust loan growth and writebacks.
For FY24, HLB targets for a year-on-year loan growth of between 6% and 7%, net interest margins of between 1.8% and 1.9%, a cost-to-income (CI) ratio of below 40%, a gross impaired loan (GIL) ratio of below 0.7%, net credit cost of about 10 basis points (bps) and a return on equity (ROE) of about 12%.
