KUALA LUMPUR: Hong Leong Bank Bhd 's net profit rose 21.1% to RM690.03mil in the third quarter ended March 31, 2018, underpinned by higher net income, lower allowance for impairment losses on loans, advances and financing. Hong Leong Bank's pre-tax profit rose 22.7% to RM855.1mil from RM697.04mil. Hong Leong Bank said the global markets's segment recorded a pre-tax profit of RM149.4mil versus RM87.0mila year ago. For the nine months ended March 31, 2018, its net profit was up 21% to RM2.01bil from RM1.66bil. The group pre-tax profit for the nine months ended March 31, 2018 rose 19.4% to RM2.468bil from RM2.068bil in the previous corresponding period.

Source: The Star May 30, 2018 06:18 UTC