EON Bank Berhad(Hong Leong Bank)

by on Oct.16, 2011, under Banks

EON Bank Berhad(Hong Leong Bank)
EON Bank Berhad is a subsidiary of EON Capital Berhad, a Bursa Malaysia listed company and owns the MIMB Investment Bank Berhad, its merchant banking arm which provides services mainly in investment banking like structured finance, placements, underwriting and stock broking.
EON Bank Berhad offers primarily financial products and services in the areas of commercial and corporate banking. The bank, which employees more than 5000 employees with a customer base of more than 1 million are among the main players in consumer banking offering products like credit cards, personal loans, deposits and savings as well as in the corporate segment.

List of Products
The products and service provided for by EON bank can be divided into 3 main segments,
The first is Consumer banking which includes services like:

Deposits which includes Savings Accounts,  V50 Savings account, Smart Junior, High Flexi. Current Accounts include Foreign Currency Current Account, Conventional Current Accounts and Smart Account while Fixed Deposit products from EON Bank includes Earn Now Deposit Account, Foreign Currency Fixed Deposit Account, V50 Fixed Deposit account and conventional fixed deposit accounts respectively.

Internet and Mobile banking where customers are able to pay bills online and manage their accounts with the bank.
Loans – includes home loans like Super Easi 123 Home, Super Easi 123 Flexi Home Loan, Super Easi 123 Non-residential loan, Hire Purchase loans, Overdraft and Personal loans.

Credit, Debit and Prepaid cards – EON bank offers a wide range of cards that the customer can apply and enjoy which includes generic and platinum Visa and Master cards, partnership alliance credit cards with The Pavilion, Berinda homes, Audi Circle, Johor Bahru City Square, MATTA, Pacific Gold, the Store and many more.

Business Banking
In the Business Banking segment, EON Bank customizes its products for businesses and have products and services in the following areas:

Business needs like Overdrafts, Fixed loans, Bridging loans, End finance and revolving Credit.

SME Easipac – essentially a package offered to help companies in the SME segment.

Trade Financing facilities like Trust Receipt, Bankers Acceptance, Letter of Credit, Shipping Guarantee, Purchase and Discount of Local Sales and Export Bills, Pre and post-Shipment Export Credit Financing and Banker’s Guarantee.

Loans and funding – Through the funds sanctioned by Bank Negara and Credit Guarantee Corporation like SME Assistance facility, SME Modernisation Facility,  Fund for SMI 2, New Principal Guarantee Scheme, New Entrepreneurs Fund 2 and Small Entrepreneur Guarantee Scheme.

Investment Banking
In Investment Banking, EON Bank offers product and services under the MIMB Investment Bank arm. The services provided include Investment Banking, Corporate Finance, Equity Capital Market, Debt Capital Markets as well as in securities.

Stockbroking – Services include share margin financing and any other services required for trading in Bursa Malaysia.

NOTE: EON Bank is now Hong Leong Bank


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