Hong Leong Bank Announces FY2024 Results
Hong Leong Bank Announces FY2024 Results
HONG LEONG BANK ANNOUNCES FY2024 RESULTS:
HONG LEONG 銀行宣佈2024財年業績：
ROBUST PERFORMANCE DRIVEN BY FOCUSED EXECUTION OF STRATEGIC INITIATIVES AND BUSINESS DRIVERS
專注執行戰略舉措和業務推動的穩健表現
Kuala Lumpur, 29 August 2024 - Hong Leong Bank Berhad ("Bank" or "HLB"), (BM: HLBANK) today announced its results for the financial year ended 30 June 2024 ("FY2024").
2024年8月29日，香港龍銀行Berhad（"銀行" 或"HLB"）（BM: HLBANK）今天宣佈截至2024年6月30日的財政年度（"FY2024"）的業績。
●Commendable FY2024 net profit after tax growth of 9.9% year-on-year ("y-o-y") to RM4,196 million.
● 2024財年稅後淨利潤值得稱讚，同比增長9.9%至RM419600萬。
●Gross loans and financing expanded 7.3% y-o-y to RM194.9 billion, maintaining its strong growth trajectory.
● 總貸款和融資同比增長7.3%，達到RM1949億，保持強勁增長勢頭。
●Asset quality remained solid with improved Gross Impaired Loan ("GIL") ratio of 0.53% and Loan Impairment Coverage ("LIC") ratio of 155.0%.
● 資產質量保持穩固，毛不良貸款（"GIL"）比率改善至0.53%，貸款減值準備覆蓋（"LIC"）比率爲155.0%。
●Healthy capital and liquidity positions with Common Equity Tier 1 ("CET 1"), Tier 1 and Total Capital ratios stood at 13.3%, 14.3% and 16.3% respectively.
● 充沛的資本和流動性資金，普通股權一級（"CEt 1"）、一級和總資本比率分別爲13.3%、14.3%和16.3%。
Kevin Lam, Group Managing Director and Chief Executive Officer of HLB commented, "We are pleased to announce that we have delivered a strong financial performance for FY2024 amidst a challenging macro economy and operating environment. This achievement was a result of being steadfast in the execution of our 3-5 Year Strategic Plan along with commendable loans/financing growth, improved CASA ratio, healthy asset quality as well as maintaining prudent funding and liquidity positions.
HLB集團董事總經理兼首席執行官Kevin Lam評論道：「我們很高興宣佈，在應對複雜的宏觀經濟和運營環境的同時，我們在2024財年取得了強勁的財務業績。這一成就源自我們對3-5年戰略計劃的堅定執行，以及可觀的貸款/融資增長，改善的CASA比率，健康的資產質量，以及保持審慎的融資和流動性資金狀況。」
HLB registered a solid growth of 9.9% y-o-y in profit after tax for FY2024 supported by strong loans/financing growth, improved asset quality metrics and healthy contributions from our associates. Correspondingly, we have achieved a strong return on equity ("ROE") of 11.8%.
HLb在FY2024年稅後利潤同比增長9.9%，得益於貸款/融資增長強勁、資產質量指標改善以及我們合作伙伴健康貢獻。相應地，我們實現了11.8%的強勁股本回報（'ROE'）。
Our gross loans and financing portfolio grew 7.3% y-o-y to RM194.9 billion, contributed by expansion in our mortgage, auto loans, SME and commercial banking segments, as well as key overseas markets. We maintain our prudent risk management culture and tight credit underwriting process, thus delivering industry-leading GIL ratio of 0.53% and LIC ratio of 155.0%."
我們的總貸款和融資組合同比增長7.3%，達到了1949億令吉，其中包括抵押貸款、汽車貸款、中小企業和商業銀行業務領域的擴展，以及重要的境外市場。我們秉持謹慎的風險管理文化和嚴格的信貸覈准流程，從而交付了業內領先的GIL比率爲0.53%和LIC比率爲155.0%。
Robust Business Performance
強勁的業務表現
●Total income for the quarter ended 30 June 2024 ("Q4FY24") grew 13.3% y-o-y to RM1,477 million underpinned by expansion in loans/financing portfolio and sustained non-interest income contribution. As for FY2024, total income expanded 1.5% y-o-y to RM5,771 million.
● 截至2024年6月30日的季度總收入較去年同期增長了13.3%，達到147700萬令吉，主要得益於貸款/融資組合擴張以及持續的非利息收入貢獻。至於FY2024，總收入同比增長1.5%，達到了577100萬令吉。
●Net interest income for Q4FY24 registering an encouraging 10.7% y-o-y or 2.1% quarter-on-quarter ("q-o-q") growth to RM1,206 million, led by expansion in loans/financing and effective funding cost management. Correspondingly, net interest margin ("NIM") has recorded consecutive fifth quarter of improvement to 1.89%. With that, net interest income for FY2024 grew 2.6% y-o-y to RM4,669 million.
● Q4FY24的淨利息收入同比增長了10.7%或季度環比增長2.1%，達到了120600萬令吉，主要得益於貸款/融資增長和有效的資金成本管理。相應地，淨利息收益率（'NIM'）連續第五個季度提升至1.89%。有鑑於此，FY2024的淨利息收入同比增長2.6%，達到了466900萬令吉。
●Non-interest income for Q4FY24 expanded strongly by 26.5% y-o-y or 6.2% q-o-q to RM271 million, on the back of higher fee income from wealth management and credit card related fees, coupled with gains in foreign exchange. For FY2024, non-interest income was healthy at RM1,102 million.
● Q4FY24的非利息收入同比大幅增長26.5%，或季度環比增長6.2%，達到了27100萬令吉，主要得益於财富管理和信用卡相關費用的增加，以及外匯收益。至於FY2024，非利息收入健康地達到了110200萬令吉。
● Operating expenses ("opex") was prudently managed at RM2,339 million for FY2024 through our continuous focus on strategic cost management initiatives, leading to a sustainable cost-to-income ratio ("CIR") of 40.5%.
● FY2024的營業費用通過我們持續關注戰略成本管理舉措而謹慎管理，導致可持續的成本收入比率（'CIR'）爲40.5%。
●Consequently, we achieved a higher operating profit after allowances of RM3,545 million for FY2024, while profit before tax was higher by 11.0% y-o-y to RM5,134 million.
● 結果，我們在FY2024年實現了更高的營業利潤達到了354500萬令吉，稅前利潤同比增長11.0%，達到了513400萬令吉。
Commendable Loans/Financing Growth Momentum
值得稱讚的貸款/融資增長勢頭
●Gross loans, advances and financing maintained its commendable growth momentum, with an expansion of 7.3% y-o-y to RM194.9 billion, driven by expansion in our key segments of mortgage, auto loans, SME and commercial banking, as well as key overseas markets.
●總貸款、預付款和融資保持了令人稱讚的增長勢頭，同比增長7.3%，達到1949億令吉，主要受到抵押貸款、汽車貸款、中小企業和商業銀行等重點領域以及海外市場的業務擴張推動。
●Domestic loans/financing growth of 7.9% y-o-y continued to outpaced the industry growth rate of 6.4% y-o-y.
●國內貸款/融資同比增長7.9%，繼續超過同期行業增長率6.4%。
●Residential mortgages increased 6.3% y-o-y to RM94.8 billion, supported by a healthy loans/financing pipeline while transport vehicle loans/financing continued its robust growth of 12.1% y-o-y to RM21.9 billion, reflective of the effectiveness of the Bank's strategic initiatives and collaborations to strengthen dealer coverage.
●住房抵押貸款同比增長6.3%，達到948億令吉，得益於健康的貸款/融資管道，而交通工具貸款/融資同比增長12.1%，達到219億令吉，反映出銀行戰略舉措和合作加強經銷商覆蓋率的有效性。
●Loans to domestic business enterprises were higher by 8.7% y-o-y to RM66.1 billion. The loan/financing to SMEs rose 13.6% y-o-y to RM37.5 billion, while the Bank's community SME banking segment increased 13.9% y-o-y, driven by our innovative customer-centric solutions coupled with digital onboarding platform and products cross-selling to drive business growth.
●國內企業貸款同比增長8.7%，達到661億令吉。中小企業貸款/融資同比增長13.6%，達到375億令吉，而銀行的社區中小企業銀行業務同比增長13.9%，得益於我們創新的以客戶爲中心的解決方案，結合數字化的客戶錄入平台和產品交叉銷售以推動業務增長。
●Loans from key overseas markets grew strongly, with Vietnam and Singapore registering y-o-y expansion of 8.8% and 2.7% respectively.
●來自關鍵海外市場的貸款增長強勁，越南和新加坡分別同比增長8.8%和2.7%。
Healthy Funding and Liquidity Position
健康的資金和流動性狀況
●The Bank maintained prudent funding and liquidity positions to support sustainable business growth, with loans to deposits ratio ("LDR") of 87.0% and liquidity coverage ratio ("LCR") of 126.6% as at 30 June 2024, comfortably above regulatory requirements.
●銀行保持審慎的資金和流動性狀況，以支持可持續的業務增長，截至2024年6月30日，貸款存款比率（「LDR」）爲87.0%，流動性覆蓋率（「LCR」）爲126.6%，遠高於監管要求。
●Customer deposits for FY2024 increased 4.1% y-o-y to RM220.4 billion, with CASA delivering strong growth of 10.0% y-o-y to RM71.6 billion. This had translated into an improved CASA ratio of 32.5% as a result of the success of our community deposit acquisition initiatives and innovative cash management solutions for our clients.
●2024財年客戶存款同比增長4.1%，達到2204億馬來西亞令吉，其中CASA增長10.0%，達到716億馬來西亞令吉。這使得我們的CASA比率提高到32.5%，這是由於我們社區存款獲取計劃和爲客戶提供創新的現金管理解決方案取得成功。
●The Bank continued to maintain its solid funding base with higher individual deposit portfolio of 7.0% y-o-y to RM111.9 billion, representing an individual deposit mix of 50.8%.
●該銀行繼續維持良好的資金基礎，個人存款組合同比增長7.0%，達到1119億馬來西亞令吉，佔個人存款比例的50.8%。
Solid Asset Quality and Capital Positions
資產質量和資本充足情況穩固
●The Bank's asset quality position remained solid with GIL ratio improved to 0.53% from 0.57% in the previous quarter, whilst LIC ratio stood at 155.0% as at 30 June 2024. Inclusive of the value of securities held on our GIL, the Bank's LIC ratio is sufficiently at 225.0%.
●該銀行的資產質量狀況穩固，不良資產比例從上一季度的0.57%下降至0.53%，同時逾期貸款比例截至2024年6月30日爲155.0%。包括我們的不良資產中持有的證券價值，該銀行的逾期貸款比例爲225.0%。
●Capital position of the Bank is healthy with CET 1, Tier 1 and Total Capital ratios higher at 13.3%, 14.3% and 16.3% respectively as at 30 June 2024.
●該銀行的資本狀況良好，2024年6月30日的核心一級資本充足率、一級資本充足率和總資本充足率分別提高至13.3%、14.3%和16.3%。
Dividend
分紅
●The Board has declared a final dividend of 43.0 sen per share, bringing the total dividend to 68.0 sen per share for FY2024, an uplift of 9 sen compared to the previous year. This translates to a higher dividend payout ratio of 33.6%.
●董事會宣佈每股派發43.0仙最終股息，使得2024財年總股息達到68.0仙，比上年增加9仙。這相當於更高的派息比率，達到33.6%。
Your Digital Bank Plus Much More
您的數字銀行+更多
●As the banking ecosystem evolves to become increasingly digital, HLB has upgraded its HLB Connect mobile app with a new and improved interface and functionality, enhancing its digital banking offerings with a more seamless and enhanced user experience.
隨着銀行業生態系統不斷升級爲數字化，HLB發佈了全新升級的HLB Connect移動應用程序，提供更流暢和增強的用戶體驗，並增強數字銀行服務。
●The app includes a suite of upgraded features and capabilities, including an improved forex rate converter interface, paired with the ability for customers to keep, withdraw and spend their money in up to 12 currencies (for Pay & Save/-i and HLB Wallet/-i account holders).
該應用程序包含一套升級的功能和能力，包括改進的外匯匯率轉換界面，讓Pay & Save/-i 和HLb Wallet/-i帳戶持有人能夠在多達12種貨幣中保留、提取和使用資金。
●HLB has also launched its iconic Light Street branch in Penang, equipped with a special Priority Banking Lounge, exhibition space and cafe, designed to be a dynamic community hub that fosters growth and innovation through meaningful connections with customers.
HLB還在檳城推出了具有特殊優先銀行休息室、展示空間和咖啡館的標誌性Light Street分行，旨在成爲一個動態的社區中心，通過與客戶建立有意義的聯繫來促進增長和創新。
●This reflects the Bank's aspiration to be a digital-first bank, while ensuring it forges personal connections with its customers, as it aims to build trust, design personalised financial solutions catered to its customers' diversified needs and become Your Digital Bank Plus Much More.
這反映了該銀行成爲數字化銀行首選的願望，同時確保與客戶建立個人聯繫，旨在建立信任，爲客戶提供個性化的金融解決方案，以滿足其多樣化的需求，成爲您的數字銀行和更多。
Excellence in SME Banking
中小企業銀行的卓越之處
●HLB has been named the "Best SME Bank in Malaysia" for the third consecutive year at the Asian Banking & Finance ("ABF") Retail Banking Awards 2024, cementing its position as the premier bank for Malaysia's small and medium-sized enterprises ("SME").
HLB連續三年榮獲亞洲銀行與金融（"ABF"）2024年度最佳馬來西亞中小企業銀行稱號，鞏固了其作爲馬來西亞中小企業的首選銀行的地位。
●This eminent award recognises the Bank's contribution within the SME space, with its extensive network of Community Business Managers and Cash, Trade & FX ("CTFX") specialists driving positive growth by bringing innovative products, services and solutions to customers.
該卓越獎項肯定了該銀行在中小企業領域的貢獻，其龐大的社區業務經理和現金、貿易和外匯（"CTFX"）專家團隊通過爲客戶提供創新產品、服務和解決方案推動積極增長。
Prioritising ESG Integration
重視環境、社會和公司治理一體化
●In an effort to promote a zero-waste lifestyle among its employees, the Bank has introduced monthly refilling sessions with its HLB Jumpstart partner Refiller Mobile. Every month, employees at HLB's main offices can refill their plastic containers with daily essentials, allowing them to reuse their containers and minimise plastic waste.
爲了在員工中推廣零浪費的生活方式，銀行與其HLb Jumpstart合作伙伴Refiller Mobile推出了每月一次的補貨活動。每個月，在HLB的總部辦公室，員工可以用日常必需品來重新填充他們的塑料容器，從而使其重複使用容器，減少塑料廢棄物。
●Aligned with its commitment to integrating its business goals and practices with ESG considerations, the Bank has also embarked on the newest edition of HLB Launchpad. Through this program, HLB will work with sustainability changemakers and impact organisations on pilot projects with the aim of reinforcing the circular economy.
爲了踐行將業務目標和實踐與esg考慮相結合的承諾，銀行還着手進行了HLb Launchpad的最新版本。通過該項目，HLb將與可持續變革者和影響組織合作，開展試點項目，旨在加強循環經濟。
●In terms of compliance to corporate governance, HLB has been awarded the Tax Corporate Governance ("TCG") certification status by the Inland Revenue Board of Malaysia ("IRBM"), becoming the only financial institution to have successfully fulfilled the stringent criteria set out by IRBM in FY2024.
在遵守公司治理方面，HLb已獲得馬來西亞國內稅務局頒發的稅收公司治理（"TCG"）認證狀態，成爲唯一一家在2024財年成功滿足IRBm設定的嚴格標準的金融機構。
Continued Focus on Community Investment
持續關注社區投資
●In recognition of the Bank's community investment initiatives, HLB has been named Bank of the Year - Community Investment at the Sustainability & CSR Malaysia Awards 2024.
銀行的社區投資倡議得到認可，HLb榮膺2024年度可持續發展與企業社會責任馬來西亞獎的年度社區投資銀行稱號。
●The Bank has consistently provided industry insights, advisory, and upskilling workshops to social enterprises under its HLB Jumpstart umbrella, most recently by providing data analysis training and scam awareness workshops to Refiller Mobile and Primus Wellness. These workshops were conducted by 30 employees from the data analysis and fraud management teams.
銀行一直向其HLb Jumpstart項目下的社會企業提供行業見解、諮詢和提升工作坊，最近爲Refiller Mobile和Primus Wellness提供了數據分析培訓和詐騙意識工作坊。這些工作坊由數據分析和欺詐管理團隊的30名員工進行。
●HLB employees have also partnered with Kechara Soup Kitchen to rescue over 500 kg of surplus food from local grocery stores, distributing them to welfare homes and underprivileged communities.
HLb員工還與Kechara Soup Kitchen合作，從當地雜貨店救出超過500公斤的剩餘食物，並將其分發給福利院和貧困社區。
Business Outlook
業務展望
Kevin Lam commented, "The Malaysian economy expanded at an encouraging pace of 5.1% in the first half of 2024. Growth outlook is expected to remain favourable going into the second half of the year, and likely to be in the upper range of the official growth forecast of 4% to 5% for 2024. Growth will continue to be underpinned by resilient domestic demand as the labour market continues to improve, while extended recovery in global demand provides an added impetus. Upside risks from potential spillover from the global tech upturn and faster project implementation, will likely mitigate downside risks from lingering geopolitical uncertainties and slowdown risks in China.
Kevin Lam評論說：「馬來西亞經濟在2024年上半年以5.1%的令人鼓舞的速度增長。增長前景預計將在下半年保持良好，並有可能達到2024年官方增長預測的4%至5%的上限範圍。增長將繼續得到堅實的國內需求支撐，勞動力市場繼續改善，全球需求的持續復甦提供了額外的推動力。潛在的技術行業復甦和更快的項目實施可能帶來上行風險，而持續存在的地緣政治不確定性和中國經濟放緩的下行風險可能會被緩解。」
As the Bank pursues the ambition to become the best-run bank in Malaysia, we remain committed and nimble in the execution of our 3-5 Year Strategic Plan while reaffirming our commitment to our core values and prudent culture. Our focus has always been offering innovative products and customer-centric banking solution to customers that anchor on our brand promise of "Built Around You".
在銀行追求成爲馬來西亞最好的銀行的願景下，我們在執行我們的3-5年戰略計劃時保持承諾和靈活，並重申我們對核心價值觀和審慎文化的承諾。我們的重點一直是爲客戶提供創新產品和以客戶爲中心的銀行解決方案，這些解決方案以我們的品牌承諾「以您爲中心」爲基礎。
In order to drive the growth of our core businesses and build a strong ASEAN franchise in the backdrop of a dynamic business environment, we will focus on the execution of our key strategic priorities to deliver sustainable outcomes. In our journey towards carbon neutrality, the Bank remains committed to implement environmental, social and governance ("ESG") strategies and practices while working together with all stakeholders to make a positive impact for our customers and the community."
爲了推動我們核心業務的增長，並在動態的商業環境中構建一個強大的東盟品牌，我們將專注於執行我們的關鍵戰略優先事項，以實現可持續的結果。在我們邁向碳中和的征程中，銀行將堅持實施環境、社會和治理（「ESG」）戰略和實踐，同時與所有利益相關者攜手努力，爲我們的客戶和社區產生積極影響。”
譯文內容由第三人軟體翻譯。