Hong Leong Bank targets conservative loan growth

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Hong Leong Bank Bhd continues to maintain a conservative loan growth target despite its positive projection on the outlook of the domestic economy.

Group managing director and chief executive officer Kevin Lam projected for the gross domestic product (GDP) to come in at the upper range of between 4% and 5% with “every possibility of exceeding 5%” this year.

We are entering into a period where everybody thinks things are looking good, which makes us all the more a little bit cautious during this period.“I think what is important for our financial performance is to look at non-interest income or advisory income and current account savings account (CASA), which has minimal credit risk.

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Article Details

Author / Journalist: ELIM POON

Category: EconomyBusiness

Markets: Malaysia

Topics: ProfitGrowth HongLeongBank /Business/Business News AssetQuality WealthManagement LoanGrowth GreenFinancing SMELoans Corporate News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 00:00:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 810 words

Reading Time: 5 minutes read

Sentences: 19 lines

Sentence Length: 43 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22301103

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About The Star

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Official Website: thestar.com.my

Year Established: 1971

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