Hong Leong Bank group managing director and CEO Kevin Lam.
PETALING JAYA: Hong Leong Financial Group Bhd
’s commercial banking division, Hong Leong Bank Bhd’s net profit after tax for the first quarter ended Sept 30, 2024 (1Q25) improved 5.8% year-on-year (y-o-y) to RM1.1bil underpinned by robust loans and financing growth, improved non-interest income and stable contributions from its associates.
Additionally, Hong Leong Bank’s gross loans and financing portfolio grew 6.9% y-o-y to RM194.2bil, contributed by expansion in its mortgage, auto loans, small and medium enterprises (SMEs) and commercial banking segments.
