HLIBHong Leong Islamic Bank (Malaysia)
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HLIB holds a well-defined niche position focusing on middle market companies.
HLIB has also been focusing on the institutional stockbroking business to counter the shrinking volumes and falling revenues in the retail stockbroking segment.
The new HLIB reported higher pro-forma revenues and earnings for the nine month period ended March 31, 2013 (9MFY2013) compared to former HLIB's results for the prior year's corresponding period.
Formed in 2009, HLIB had absorbed the stockbroking operations of HLG Securities, core stockbroking entity of HLFG Group, and SBB Securities.
On the investment banking front, HLIB has expanded its treasury and money market activities in recent periods, as notably evidenced by the significant increase in financial assets on its balance sheet and interest income generated from treasury and money market activities.