HLB projects 6-7% loan growth for FY2027 amid challenging global market

Hong Leong Bank Berhad (HLB) has set a target for moderate growth in its loan and financing portfolio, aiming for a 6.0% to 7.0% increase in gross figures for the fiscal year 2027.

This projection comes with a cautious outlook, as HLB anticipates a more challenging global market environment in the coming years. The bank's strategy acknowledges potential headwinds that could impact financial performance.

Several key global factors are contributing to this cautious stance. The banking sector, in particular, is expected to navigate increased uncertainty stemming from geopolitical tensions in the Middle East. Additionally, rising global oil prices and persistent inflationary pressures are seen as significant economic challenges that could affect market stability and demand for credit.

Despite these anticipated difficulties, HLB's targeted growth indicates a strategic approach to managing its operations and customer base within a complex economic landscape. The bank's focus on a 'moderate' growth rate suggests a priority on stability and prudent risk management.