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RETAIL BANKING | Cesar Tordesillas, Malaysia
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Non-interest income boosts Hong Leong Bank's earnings

Up 24.1 percent.

This is Hong Leong Bank Bhd's pre-tax profit, which increased to RM637 million in its first quarter ended Sept 30, 2012 from RM514 million in the corresponding quarter last year.

Its total income rose to RM1,003 million from RM905 million in the corresponding quarter last year.

Higher non-interest income which contributed 27.4 percent of total income as compared to 17.9 percent previously.

Group Managing Director and Chief Executive Datuk Yvonne Chia said the group started the financial year on a sound note and net profit improved by 19.5 per cent to RM478 million from the corresponding quarter last year on the back of higher non-interest income and improved operating efficiencies.

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