hong leong finance

Hong Leong Finance opens new Punggol branch with dedicated SME Centre

The outlet also contains new privacy-enhanced teller booths, replacing traditional counters

Net interest income and hiring charges for the half-year shrunk by 20.8 per cent to S$89.2 million, from S$112.7 million.

Hong Leong Finance H1 net profit down 38.7% to S$32.2 million on compressed net interest margins

An interim dividend of 2.75 Singapore cents per share has been declared for the half year

Hong Leong Finance's new digital platform for vehicle loans has offered speed and security for both car dealers and customers, says its president.

Hong Leong Finance sees over 300% growth in EV loans

It also records a more than 300% increase in vehicle loans processed digitally

Potentially, Hong Leong Finance can better serve local SMEs that want to grow in Malaysia by being part of Malaysia's Hong Leong Financial Group.
HOCK LOCK SIEW

Should Hong Leong Finance join Quek Leng Chan’s financial empire to boost its prospects?

Deepening the relationship between Hong Leong Finance and Malaysia’s Hong Leong Financial Group can help deliver long-term value for stakeholders from both sides in an increasingly complex environment

Hong Leong Foundation governors Quek Kon Hui (second from left) and Michelle Kwek (third from left) playing rhythmic games with senior beneficiaries at Silver Dance Fiesta.
TAKING HEART

Hong Leong Foundation promotes active ageing for seniors at Chinese New Year event

They take part in activities at four stations and try for prizes in a lucky draw

The company says: “We will be implementing various strategic digital initiatives and payment solutions to meet the needs of our customers and enhance the mitigation measures on cybersecurity and technology risks.”

Hong Leong Finance H1 net profit up 12.9% to S$52.6 million on higher net interest income

The board is proposing an interim dividend of 3.75 Singapore cents per share

While Hong Leong Finance reported a 40.7 per cent year-on-year increase in interest income and hiring charges in the second half of the year, net interest income and hiring charges was 30.9 lower amid higher interest expenses.

Hong Leong Finance H2 net profit falls 45% to S$46.8 million

HONG Leong Finance reported on Friday (Feb 23) a 45.4 per cent decline in net profit for the second half of 2023, on the back of lower net interest income.

The company's rise in net profit to S$46.6 million was driven by higher net interest income and write-back of expected credit loss allowances.

Hong Leong Finance H1 profit up 3.2%

HONG Leong Finance posted a 3.2 per cent rise in net profit to S$46.6 million for the first half ended Jun 30, 2023, driven by higher net interest income and write-back of expected credit loss allowan...

Hong Leong Finance could struggle to secure a competitive edge.
HOCK LOCK SIEW

As competition intensifies, Hong Leong Finance should consider a sale

THANKS to rising interest rates, Singapore’s lenders are doing well. DBS Group, OCBC Bank and UOB Group posted strong growth in net interest margins (NIMs) and net profit in 2022.