Non-interest income boosts HLB pre-tax

May 10 2005

Business banking continues to be challenging with strong competition but the bank continues to achieve an increase in trade financing.

The bank's asset quality continued to improve with the net non-performing loans to total loans ratio reducing to 4.7 per cent from 5.4 per cent as at June 2004. This was mainly due to the emphasis on prudent credit management and intensive collection efforts.

The bank is well-capitalised with a risk-weighted capital ratio of 16.8 per cent, significantly above minimum statutory requirement of 8 per cent.

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