Hong Leong Financial Group Bhd 2016 AR2
The report highlights Hong Leong Financial Group Berhad's financial and operational performance for the fiscal year ended June 30, 2016. Despite a challenging economic environment, the Group maintained strong business momentum, with Hong Leong Bank's gross loans increasing by 6.3% year-on-year to RM121 billion and Hong Leong Assurance's gross premiums growing by 7.5% to RM2.79 billion. The Group successfully completed rights issues for both HLFG and HLB, raising RM1.1 billion and RM3 billion respectively, which significantly bolstered its capital position. Additionally, the Group continued its corporate social responsibility efforts, expending RM6.8 million through the Hong Leong Foundation to support community welfare, education, and environmental initiatives.
Company: Hong Leong Financial Group Bhd
Sector: Financials
Country: Malaysia
Year: 2016
Type: AR2
Pages: 247
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Hong Leong Financial Group Bhd
Annual Report
The report highlights Hong Leong Financial Group Berhad's financial and operational performance for the fiscal year ended June 30, 2016. Despite a challenging economic environment, the Group maintained strong business momentum, with Hong Leong Bank's gross loans increasing by 6.3% year-on-year to RM121 billion and Hong Leong Assurance's gross premiums growing by 7.5% to RM2.79 billion. The Group successfully completed rights issues for both HLFG and HLB, raising RM1.1 billion and RM3 billion respectively, which significantly bolstered its capital position. Additionally, the Group continued its corporate social responsibility efforts, expending RM6.8 million through the Hong Leong Foundation to support community welfare, education, and environmental initiatives.
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Document Details
Report Year
2016
Reporting Period
Jul 1, 2015 - Jun 30, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available