- A stronger banking group with assets of more than RM 140 billion
- An even more comprehensive portfolio of products and services to serve the community
- Expanded reach and distribution network for customer's convenience with more than 300 branches and 1200 self-service terminals
- Focus on people and customers, and on making the merger and integration seamless
Kuala Lumpur, (6 May 2011)
- Hong Leong Bank Bhd ("HLBB") today announced the completion of the
acquisition of EON Capital Bhd's assets and liabilities. EON Bank group
(EON Bank Bhd, EONCAP Islamic Bank Bhd and MIMB Investment Bank Bhd) now
becomes part of Hong Leong Bank group ("Group").
"This merger is about value creation for all
stakeholders. It creates a systemically stronger banking group with an
asset size of more than RM 140 billion to achieve the vision and
objectives under Bank Negara Malaysia's Financial Sector Master Plan. As
a larger bank, we are also better positioned to support Malaysia's
economic growth and transformation.
Customers will now have greater access to an
even more comprehensive suite of products and services to serve their
needs. We will be able to reach our community better with an expanded
distribution network of more than 300 branches and 1200 self-service
terminals.
This is also an exciting proposition to all
employees of the Group to become part of a larger franchise with
regional ambitions, that supports personal development and rewards
success, " shared Ms Yvonne Chia, Group Managing Director/Chief
Executive, HLBB.
