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HONG Leong Bank Bhd has been named winner in the financial services sector of the #8220;2003 KPMG Shareholder Value Award#8221; in recognition of its exemplary performance in 2003.
General Electric Co, the world's biggest non-bank lender, has agreed to buy Australian Financial Investments Group, boosting its share of the mortgage market Down Under.
Standard Chartered Bank Malaysia Bhd (StanChart) registered a 15% increase in pre-tax profit to RM252mil in the first half-year ended June 30, compared with RM219mil in the corresponding period last year.
HONG Leong Bank Bhd (HLB) is expected to deliver improved underlying profits in financial year (FY) 2005 and coupled with lower loan loss provisions, net profits are expected to rebound to RM598.8mil from RM382mil recorded in the financial year to June 2004.
ALLIANCE Banking Group's unaudited profit before tax (PBT) increased by 9.3% to RM77.2mil for the quarter ended June 2004 compared to RM70.6mil in the corresponding quarter last year.