HLB profit up 5pc to RM376.8m

February 23 2005

The bank's net non-performing loans to total loans ratio improved to 4.9 per cent from 5.4 per cent as at June 2004.

The bank attributed this to its emphasis on credit quality and more focused collection efforts.

Its risk-weighted capital, meanwhile, remained strong at 18.4 per cent, down from 19.0 as at June 2004. The lower risk-weighted capital was due to the dividend payout and accounting for treasury shares. As at the end of 2004, the bank's treasury shares stood at 4.97 million shares valued at RM25.7 million.
An interim gross dividend of 8.5 cent per share has been recommended for the current period.

Note: Hong Leong Bank Berhad (HLB) is a customer of Profitera Corporation. As its evident from article above, Profitera's PowerCollect Solution has helped HLB to increase its profits by improving the collection processes.

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