KUALA LUMPUR (Feb 27): HONG LEONG BANK BHD []’s earnings rose 30.8% to RM381.37 million in the second quarter ended Dec 31, 2011 from RM291.43 million.
It said on Monday its revenue surged 66.1% to RM1.003 billion from RM603.96 million. Its earnings per share were 24.22 sen compared with 20.07 sen. It declared an interim dividend of 11 sen compared with nine sen.
HL Bank group managing director and chief executive, Datuk Yvonne Chia, said “Our second quarter performance continues to deliver the value of the merger to our customers, staff shareholders and wider community.”
Chia said the bank’s focus on delivering merger synergies saw Hong Leong achieve annualised synergies of RM191 million in the first six months of vesting, well ahead of the first full year target of RM180 million annualised savings.
HL Bank said total shareholder equity increased to RM10.6 billion from RM7.5 billion as at June 30, 2011.
As for customer loans, financing and securities, they totalled RM 114.8 billion, representing an annualised growth of 26% from 30 June 2011 levels.
Customer deposits were at RM119.2 billion, an annualised growth of 7.6% from June 30, 2011 levels
For the first half, its earnings rose 43.7% to RM788.48 million from RM548.63 million in the previous corresponding period. Its revenue increased by 67.8% to RM1.920 billion from RM1.143 billion.
It said on Monday its revenue surged 66.1% to RM1.003 billion from RM603.96 million. Its earnings per share were 24.22 sen compared with 20.07 sen. It declared an interim dividend of 11 sen compared with nine sen.
HL Bank group managing director and chief executive, Datuk Yvonne Chia, said “Our second quarter performance continues to deliver the value of the merger to our customers, staff shareholders and wider community.”
Chia said the bank’s focus on delivering merger synergies saw Hong Leong achieve annualised synergies of RM191 million in the first six months of vesting, well ahead of the first full year target of RM180 million annualised savings.
HL Bank said total shareholder equity increased to RM10.6 billion from RM7.5 billion as at June 30, 2011.
As for customer loans, financing and securities, they totalled RM 114.8 billion, representing an annualised growth of 26% from 30 June 2011 levels.
Customer deposits were at RM119.2 billion, an annualised growth of 7.6% from June 30, 2011 levels
For the first half, its earnings rose 43.7% to RM788.48 million from RM548.63 million in the previous corresponding period. Its revenue increased by 67.8% to RM1.920 billion from RM1.143 billion.
