“While we are steadfast in extending the necessary financial assistance to our clients, we consistently aim to maintain strong asset quality across all loan portfolios through our robust credit framework," said HLB’s group managing director and CEO Domenic Fuda. recorded a net profit of RM2.38bil in the nine-month period ended March 31, 2022 , which was 9.69% higher compared with RM2.17bil in the same period in 2021.
Over the same period, the bank reported revenue of RM4.1bil, which represented a marginal decrease from RM4.13bil in the comparative period due to lower non-interest income contribution negating the higher net interest income. According to the bank, net interest income in 9M22 was up 9.1% year-on-year to RM3.46bil on solid loan and financing growth and funding cost optimisation in the recent third quarter.For the third quarter period , HLB recorded a net profit of RM784.8mil and revenue of RM1.35bil as compared with net profit of RM771.47mil and revenue of RM1.39bil in 3Q21, representing an increase of 1.73% and a decrease of 2.72% respectively.