HONG LEONG FINANCE LIMITED 63rd Annual General Meeting
Performance Highlights 2022
27 April 2023
SME Specialist since 1961
© Copyright 2023 Hong Leong Finance Limited. All Rights Reserved.
Specialist
Hong Leong | Reserved. |
Contents
- Financial Performance 2022
- Balance Sheet Position
- Customer Loans and Deposits IV. Composition of Loans
- Sources of Fund
VI. Distribution of Dividends
1 | The SME Specialist |
© Copyright 2023 Hong Leong Finance Limited. All Rights Reserved.
Financial Performance 2022
2022 | 2021 | Y-o-Y | ||
($m) | ($m) | (%) | ||
Net interest income | 242.2 | 178.0 | 36.1 | |
Non interest income | 16.5 | 11.4 | 44.2 | |
Operating income | 258.7 | 189.4 | 36.6 | |
Operating expenses | (98.8) | (87.4) | 13.1 | |
Operating profit before | 159.9 | 102.0 | 56.7 | |
allowances | ||||
Allowances | (2.8) | (0.1) | >100 | |
Income tax expense | (26.2) | (17.1) | 53.2 | |
Net attributable profit | 130.9 | 84.8 | 54.3 |
EPS: 29.21 cents (2021: 18.95 cents)
2
$
Record net profit at $130.9m, up 54.3% y-o-y, on the back of expanded NIM at 1.8% driven by strong loan growth and uplift of loan & asset yields outpacing higher cost of deposit. CIR improved 8% to 38%.
The SME Specialist
© Copyright 2023 Hong Leong Finance Limited. All Rights Reserved.
Balance Sheet Position
Dec 2022 | Dec 2021 | Y-o-Y | |
($b) | ($b) | (%) | |
Total Assets | 14.3 | 13.0 | 10.2 |
Total Liabilities | 12.2 | 11.0 | 11.3 |
Net Assets | 2.1 | 2.0 | 4.0 |
Total Equity | 2.1 | 2.0 | 4.0 |
⚖
Balance Sheet remain resilient supported by strong capital and liquidity buffers; Capital Adequacy Ratio(CAR:16.1%) and Minimum Liquid Asset Ratio(MLA:19.5%) well above regulatory requirements;
Net assets value per share at $4.55 (Dec 2021: $4.38);
3 | The SME Specialist |
© Copyright 2023 Hong Leong Finance Limited. All Rights Reserved.
Customer Loans and Deposits
Loans & Deposits ($b)
11.7 | 12.0 |
10.7 | 10.8 |
Loans | Deposits | |||
2021 | 2022 | |||
4
Total loans rose by 8.9% on broad based business growth
Total deposits base increased by 11.3% to support net funding and liquidity requirements
The SME Specialist
© Copyright 2023 Hong Leong Finance Limited. All Rights Reserved.
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HLF - Hong Leong Finance Limited published this content on 28 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2023 01:06:10 UTC.
