Hong Leong Bank group managing director and CEO Domenic Fuda said the bank continues to face a challenging environment.(file pic)
KUALA LUMPUR: Hong Leong Bank Bhd
posted an operating profit of RM888.40mil before allowances in the second quarter ended Dec 31,2020 compared with RM710.53mil a year ago.
However, net profit was down by 4.4% at RM670.78mil from RM701.81mil a year ago due to higher provision for impairment losses on loans, advances and financing due to the ongoing uncertainties surrounding the business environment caused by the Covid-19 pandemic.
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