EON Bank Group is now part of Hong Leong Bank Group

• 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.