Hong Leong Q1 earnings rise 17.8% to RM542m on improved contributions

30 Nov 2017 - The Star Online
KUALA LUMPUR: Hong Leong Bank Bhd recorded a net profit of RM638.97mil for the first quarter of its financial year, 17.8% higher compared to RM542.63mil a year ago as topline was supported by improved contributions from overseas associates. The bank recorded total income of RM1.8 bil, 7.5% higher than ...
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HLB eyes 30-40% transactions to be done online

3 Nov 2017 - The Star Online
KUALA LUMPUR: Hong Leong Bank Bhd (HLB) is aiming for 30-40% of its banking transactions to be done online in the next two-three years, from about 10% currently. Group managing director/CEO Domenic Fuda, said there had been significant growth in mobile and Internet banking users over the last 12 months, ...
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Hong Leong plans large capital call

3 Nov 2017 - The Star Online
PETALING JAYA: Hong Leong Bank Bhd (HLB) and its parent company controlled by Tan Sri Quek Leng Chan plan to undertake massive capital-raising exercises, joining other Malaysian banks rushing to boost their financial buffers to comply with regulatory requirement. Hong Leong Financial Group Bhd (HLFG), ...
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Hong Leong picks five startups for mentorship programme

23 Oct 2017 - The Star Online
KUALA LUMPUR: Hong Leong Bank Bhd (HLB) has selected five promising Malaysian start-ups for its inaugural HLB LaunchPad mentorship programme. The programme specifically focuses on three areas to transform the way we bank tomorrow: Simplifying Banking Today, Digitising Customer Journeys & Experience; ...
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UOB Kay Hian positive on Hong Leong Bank fintech initiatives

23 Oct 2017 - The Star Online
KUALA LUMPUR: UOB Kay Hian Research maintained its Buy recommendations on Hong Leong Bank, Tune Protect Group and Syarikat Takaful Malaysia Bhd which are all actively developing their respective fintech and insurtech platforms. The research house said on Monday that within its financial sector coverage, ...
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Maybank Investment maintains Hold on Hong Leong Bank

25 Aug 2017 - The Star Online
KUALA LUMPUR: Maybank Investment Research is maintaining a Hold call on Hong Leong Bank Bhd with an unchanged target price of RM15.90. According to the research firm, Hong Leong saw decent earnings growth in FY17 and fundamentals of the group remain stable, though pre-emptive measures resulted in a higher ...
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Hong Leong Bank rules out mergers and acquisitions

25 Aug 2017 - The Star Online
PETALING JAYA: Hong Leong Bank Bhd (HLB) is for the time being placing its priority on growing organically instead of through mergers and acquisitions. The fifth-largest bank by asset size’s CEO Domenic Fuda said the bank would, however, not rule out any inorganic opportunities that may crop up should ...
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Hong Leong Bank FY17 earnings higher at RM2.14b, Div 30c

24 Aug 2017 - The Star Online
KUALA LUMPUR: Hong Leong Bank Bhd posted a strong set of earnings in the financial year ended June 30, 2017 at RM2.14bil, up 12.7% from the RM1.90bil a year ago. It reported on Thursday that revenue rose 8.9% to RM4.55bil from RM4.17bil a year ago. It rewarded shareholders with a dividend of 30 sen a ...
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Hong Leong Islamic Bank appoints Jasani Abdullah as CEO

21 Jul 2017 - The Star Online
KUALA LUMPUR: Hong Leong Islamic Bank (HLISB) has appointed Jasani Abdullah as chief executive officer of effective July 17, 2017. In a statement, HLISB said Jasani has been acting CEO since December 2016. He has been in the financial industry for more than 30 years and his contribution towards the Islamic ...
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HLB refutes M&A talk

20 Jul 2017 - The Star Online
PETALING JAYA: Hong Leong Bank Bhd (HLB) has refuted a UOBKayHian Research report on a possible merger between it and Alliance Financial Group Bhd (AFG). In a statement to StarBiz, HLB said the report was speculative and untrue. In an article quoting UOBKayHian that appeared in StarBiz yesterday, it ...
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