Solid earnings growth for Hong Leong Bank


Hong Leong Bank Bhd posted a firm set of financial results in the third quarter ended March 31, 2021 (3Q21) and for the nine months period (9MFY21) on sustained loan and financing growth.

KUALA LUMPUR: Hong Leong Bank Bhd posted a firm set of financial results in the third quarter ended March 31,2021 (3Q21) and for the nine months period (9MFY21) on sustained loan and financing growth.

In its statement on Thursday, it reported 3Q21 net profit rose by a strong 44.2% to RM771.46mil from RM534.79mil a year ago while revenue increased by 22.6% to RM1.385bil from RM1.13bil. Earnings per share rose to 37.68 sen from 26.13 sen.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Taking Malaysia beyond the stars
A sparkling enterprise
UK retailers embrace automation to offset costs
It's all systems go for digital thrust
Gobind to champion AI, cybersecurity
Asia navigates choppy waters
Tech sector under duress
Choosing the right REIT
SC partners with five NGOs on social impact projects
Takeover rules in spotlight: Protecting minority shareholders’ rights

Others Also Read