Hong Leong Bank's net profit rises to RM1.09bil in 1Q

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The Star 9h ago

Hong Leong Bank's net profit rises to RM1.09bil in 1Q - The Star

Quick Summary:

KUALA LUMPUR: Hong Leong Bank Bhd kicked off its new financial year on a strong note with improved topline and bottomline, supported by loans and financing growth and higher non-interest income.

Customer deposits during the quarter increased 4.9% y-o-y to RM219.4bil with current account savings account (Casa) risig 13.6% y-o-y to RM70.4bil, for a Casa ratio of 32.1%.

On balance sheet, gross loans, advances and financing registered 6.9% y-o-y growth to RM194.2bil, driven by expansion in the key segments of mortgage, auto loans, SME and commercial banking.