Shares & Derivatives
10 things to know about Hong Leong Bank before you invest
By The Fifth Person  •  November 6, 2017
Hong Leong Bank Berhad (Bursa: 5819) is the fifth largest banking group in Malaysia. As I write, Hong Leong Bank is worth around RM34 billion in market capitalization. In this article, I’ll bring a detailed account of Hong Leong Bank’s tremendous success and achievements thus far and its outlook towards the near future. Therefore, here are 16 things you need to know about Hong Leong Bank before you invest. 1. On 6 May 2011, Hong Leong Bank completed its acquisition of EON Capital for RM5.06 billion. Thus, EON Bank Group — comprising of EON Bank, EONCAP Islamic Bank, MIMB Investment Bank and related subsidiaries became wholly-owned subsidiaries of Hong Leong Bank. This resulted in substantial growth in loans, advances, and financing assets, from RM37.75 billion in 2010 to RM81.95 billion in 2011. 2. Since 2011, Hong Leong Bank has achieved a CAGR of 7.15% in loans, ......
Read the full article
By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance