PETALING JAYA: HONG LEONG BANK BHD
(HLB) has posted much improved financial results in the second quarter ended Dec 31,2019 with its net profit rising to RM701.81mil, boosted by higher net interest income despite an allowance for impairments.
In a filing with Bursa Malaysia, it said the net profit was up 2.1% from the RM687.24mil a year ago.
The higher earnings were due to the bank’s revenue, which rose by 8.4% to RM1.238bil from RM1.142bil, boosted by higher net interest income, an increase in operating income and other operating income.
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