Hong Leong Financial Group Berhad
| HongLeong.jpg | |
| File:HongLeong.jpg Menara Hong Leong, the group's headquarters in Kuala Lumpur, Malaysia. | |
Formerly | Hong Leong Credit Berhad |
|---|---|
| Public limited company | |
| Traded as | MYX: 1082 |
| ISIN | 🆔ISIN: [https://en.everybodywiki.com/index.php?title=Toollabs:isin/&language=de&isin=MYL1082OO006 MYL1082OO006] |
| Founded 📆 | 6 September 1968 |
| Founder 👔 | |
| Headquarters 🏙️ | Level 30, Menara Hong Leong, No. 6 Jalan Damanlela, Bukit Damansara, 50490 Kuala Lumpur , Malaysia[1] |
Areas served 🗺️ | Malaysia, Singapore, Vietnam, Hong Kong, Cambodia and China |
Key people | Quek Leng Chan (Chairman) Tan Kong Khoon (CEO) |
| Revenue🤑 |  MYR 6.25 billion (2022)[2]MYR 6.20 billion (2021) |
| MYR 4.84 billion (2022)[2] MYR 3.97 billion (2021) | |
| Total assets | MYR 286.9 billion (2022)[2] MYR 273.2 billion (2021) |
| Total equity | |
| Owner |
|
| Members | |
Number of employees | |
| Parent | Hong Leong Group |
| Subsidiaries |
|
| 🌐 Website | hlfg |
| 📇 Address | |
| 📞 telephone | |
Hong Leong Financial Group Berhad (MYX: 1082), formally Hong Leong Credit Berhad, is a banking and financial services holding company in Malaysia with regional presence in other Southeast Asian countries, Hong Kong, and Mainland China. The company is part of the Hong Leong Group conglomerate[6] and consists of the following key subsidiaries: Hong Leong Bank, Hong Leong Capital and Hong Leong Assurance.[7] The holding company was set up on 6 September 1968. Hong Leong Financial Group has its headquarters in Damansara City, Kuala Lumpur, Malaysia.[8]
History
Acquisition of MUI Bank
On 3 January 1983, Hong Leong Credit Berhad acquired MUI Bank and renamed it Hong Leong Bank. Since then, it had gone through multiple mergers with and acquisitions of other local banks such as the acquisition of Wah Tat Bank in 2001 and EON Bank in May 2011, establishing Hong Leong as the fourth-largest bank in Malaysia.[9][10][11]
Entry into Mainland China
In October 2007, Hong Leong Financial Group acquired a 20 percent stake in China's Chengdu City Commercial Bank in a RM877.5 mil. deal, marking the group's entry into the Chinese market where the group describes as “promising and growing financial services sector”.[12] In November 2009, the group also established the consumer finance company Sichuan Jincheng Consumer Finance Ltd Liability Co (SJCF) in a 49:51 joint venture between Hong Leong Bank and Bank of Chengdu, marking Hong Leong's expansion into China and the region.[13]
See also
References
- ↑ "Annual Report 2019". bursamalaysia.com. Retrieved 13 March 2020.
- ↑ 2.0 2.1 2.2 2.3 "Annual Report 2022" (PDF). Retrieved 17 March 2023.
- ↑ August 30, Chester Tay / theedgemarkets com; Pm +08, 2022 13:57 (2022-08-30). "Hong Leong Financial Group 4Q earnings up 18%, driven by commercial banking segment". The Edge Markets. Retrieved 2023-03-19.
- ↑ About Us - Corporate Structure, retrieved 17 March 2023
- ↑ November 29, Chester Tay / theedgemarkets com; Pm +08, 2022 14:27 (2022-11-29). "HLFG commercial banking arm props up overall 1Q earnings by 6.4%". The Edge Markets. Retrieved 2023-03-22.
- ↑ "Hong Leong Financial Group Bhd". Nikkei Asia. Retrieved 2023-03-17.
- ↑ "About Us". Hong Leong Financial Group. Retrieved 2023-03-17.
- ↑ July 03, Chester Tay / theedgemarkets com; Pm +08, 2015 21:40 (2015-07-03). "Hong Leong Bank confirms HQ move to Damansara City Kuala Lumpur". The Edge Markets. Retrieved 2023-03-19.
- ↑ October 26, The Editor / TheEdge; Am +08, 2010 05:52 (2010-10-26). "Hong Leong Bank Bhd". The Edge Markets. Retrieved 2023-03-18.
- ↑ "EON Accepts Hong Leong Bank Takeover Offer, Plans Dividend". Bloomberg.com. 2011-04-29. Retrieved 2023-03-18.
- ↑ "EON Bank Group is now part of Hong Leong Bank Group". Hong Leong Bank. 6 May 2011. Retrieved 17 March 2023.
- ↑ "Malaysia's Hong Leong Bank buys into Chinese bank". Reuters. 2007-10-25. Retrieved 2023-03-17.
- ↑ November 03, The Editor / TheEdge; Am +08, 2009 06:15 (2009-11-03). "HL Bank ventures into consumer lending in China". The Edge Markets. Retrieved 2023-03-17.
External links
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