Fee and commission income decreased 39.2% y-o-y to $10.0 million for FY2023 from lending business due to subdued property financing activities in the financial market.
Hong Leong Finance S(SGX:41
) has recorded earnings of $93.4 million for the FY2023 ended Dec 31, 2023, 28.7% lower compared to its earnings of $130.9 million in FY2022.
Net interest income for FY2023 decreased 16.5% y-o-y to $202.2 million on an overall lower net interest margin of 1.5% for the full-year period.
