Net interest margin was moderated by four basis points (bps) at 1.48% as the rise in funding cost outpaced the uplift in asset yields y-o-y, amid the elevated interest rate environment.
Hong Leong Finance (SGX:S41
) has reported net attributable profit of $46.6 million for 1HFY2023, up 3.2% y-o-y, mainly driven by higher net interest income and write-back of expected credit loss allowances.
Net interest income rose 5.2% y-o-y to $101.5 million on the back of improved interest yields.
