Hong Leong Bank expects loan growth to moderate to 6-7% in FY2024

KUALA LUMPUR (Aug 30): Hong Leong Bank Bhd is expecting its year-on-year (y-o-y) loan growth to moderate to 6-7% for the financial year 2024 (FY2024), from the 8% it achieved in FY2023, amid a softer domestic economic environment.

Besides that, external factors could weigh on loan growth in the coming quarters, including global macroeconomic conditions, further interest rate hikes and…