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Hong Leong Financial Group Named Malaysia’s Best Managed Bank and Financial Holding Group 2022 by The Asian Banker

KUALA LUMPUR, Malaysia, July 21, 2022 /PRNewswire/ — Hong Leong Fiscal Group (“HLFG” or the “Team”) was lauded as the Best Managed Lender and Economical Keeping team in Malaysia by the prestigious The Asian Banker Leadership Accomplishment Awards 2022.

HLFG’s President & CEO, Tan Kong Khoon was also named The Asian Banker CEO Management Achievement for Malaysia Award

Held once every single a few many years, the Leadership Achievement Awards program is a extremely coveted and exclusive recognition of its type for any major banker in the marketplace due to its stringent analysis method, concentrated on the efficiency of CEOs, chairmen and boards in economical solutions in Asia Pacific, the Center East and Africa.

The Asian Banker shared that HLFG was recognised since of its management which has been instrumental in entrenching digital transformation throughout the Group as very well as planning the Group’s changeover towards a eco-friendly and sustainable upcoming. This is accomplished by way of the implementation of ESG frameworks throughout all running companies in the Team. Functioning firms contain Hong Leong Bank, Hong Leong Assurance, Hong Leong Cash and Hong Leong Asset Administration.

HLFG’s President & Chief Executive Officer, Tan Kong Khoon commented on the earn, “On behalf of the Group, we are honoured to be recognised for such a distinguished award. We have to attribute this gain to our working companies which have demonstrated resiliency and tremendous growth by prioritising in shape-for-future digital procedures and lengthy-expression sustainability even with the unparalleled conditions introduced by the pandemic. The validation garnered from The Asian Banker will keep on to fuel our enthusiasm for making an integrated and very progressive economical services group that often has a finger on the pulse of our customers’ requires.”

Even with the worries throughout the interval below evaluation, HLFG sustained its expansion trajectory with important funds, liquidity and credit score metrics remaining audio. In the financial yr finished 30 June 2021, the Team recorded a commendable web profit attributable to shareholders of $552.49 million (MYR 2.3 billion), higher by 21.9% as in comparison to the preceding economic yr.

In addition, the Group achieved globally recognised criteria for inclusion in the FTSE4Very good Bursa Malaysia Index, designed to measure the effectiveness of corporations demonstrating great ESG practices.

Along with the Best Managed Financial institution and Financial Holding Group in Malaysia award, Tan Kong Khoon was named The Asian Banker CEO Management Achievement for Malaysia Award for the time period from January 2019 to December 2021.

Supply Hong Leong Monetary Team