Hong Leong Bank Berhad is a subsidiary company of the Hong Leong Group, a public listed company in the Bursa Malaysia. Established under the Hong Leong Finance Berhad since 1968, the Hong Leong Group has a combined market capitalization of over USD11 billion in its 14 listed companies. The bank was first established in Sarawak in 1905 when it was named Kwong Lee Mortgage & Remittance Company which saw its name changed to Kwong Lee Bank Berhad some 30 years later. It was then changed to MUI Bank in 1989 before it was acquired by the Hong Leong Group in 1994. One of the major banking players in Malaysia, Hong Leong Bank Berhad have since won many awards like the Best E-Banking Project 2007, Asian Banker’s Best Credit Card Product Award 2006 and the KPMG 2003 Shareholder Value Award.
Hong Leong Bank offers products and financial services in both commercial and corporate sectors where retail customers can enjoy credit card facilities, deposit and savings accounts, personal loans as well as hire purchase while the corporate sector is able to use the financial packages with Hong Leong Bank which includes business financing, investments and insurance, unit trust as well as many others.
List of products and services from Hong Leong Bank
Products and services from Hong Leong Bank can be divided into 2 major segments.
Personal Financial Services
Deposits – Hong Leong Bank offers various choices when it comes to deposits. Savings Accounts include the conventional savings account, Hone Leong Senior and Junior Savers Savings accounts respectively. Current Accounts include the One Account, the Hong Leong Basic Current Account, the Hong Leong Foreign Currency Current Account and the Hong Leong SmartLink Account. Fixed Deposits are also provided to customers under the Hong Leong fixed Deposit facility, Hong Leong Senior Savers Fixed Deposit and the Hong Leong Foreign Currency Fixed Deposit.
Credit cards – This includes the wide range of credit cards provided for by Hong Leong Bank like the standard Classic, gold and Platinum visa and master cards, the Platinum Business caard, the Hong Leong ACCCIM Card, MTV Card, American Express which includes all standard services which include Balance Transfer and Extended Payment plan facilities
Investments – this includes services like Savings Multiplier Plans and Structured Investments like Interest Rate Linked Structured Investment, Foreign Currency Linked Structured Investment and Dual Currency Investment. Hong Leong Bank also offers unit trust products for customers who intend to invest in those segments.
Loans – A wide range of choices in terms of loans are provided for by Hong Leong Bank to its customers. Property Loans include the Hong Leong Housing Loan, the Hong Leong Mortgage Plus, the Hong Leong Cash Back Home Loan, Hone Leong Shop loan and Hong Leong Special Housing Loan. On top of that the bank also offers loans for cars, personal loan as well as Share Margin Financing.
Insurance – Insurance facilities are provided for by Hong Leong in its BancAssurance portfolio where customers are able to enjoy insurance products like Hong Leong Presitge Life, Hong Leong Complete Woman, Hong Leong Smart Kidz, Hong Leong Mortgage Decreasing Term Asssurance, Hong Leong Cancer Protection Plan, Hong Leong Heritage, Bijak Malaysia, Hong Leong DriveCare Plus Personal Accident, and Hong Leong Travel Insurance.
Priority Banking – Priority Banking is provided for customers who are eligible where less queues and dedicated service staff will attend to whenever they visit the branch.
Personal Banking – this is a revolutionary product provided for by the bank for customers where they can enjoy facilities and services catered to suit their need depending on the requirements of their financial health.
Internet banking – customers are able to use Hong Leong’s E-Banking facilities where they can pay bills, update accounts and transfer funds over the internet.
In the area of Wholesale Banking, Hong Leong offers products and services in the following areas.
Corporate and Commercial – where customers are able to enjoy services and packages like Overdraft facility, Term loans, revolving credit, Current accounts and fixed deposit services.
Investment options – customers are able to make use of treasury products like foreign exchange, derivatives, money market products and structured investment products.
Debt Capital Market and Structured Finance – provides customers solutions that are customized, offering Capital Markets Advisory services like Structured Credit Products, Project Financing, Issuance of Private Debt Securities and many others.
SME services – Hong Leong Bank offers products to help fund SMEs in terms of loans and overdrafts as well.