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May 05, 2015 11:50 PM ET


Company Overview of Hong Leong Islamic Bank Berhad

Company Overview

Hong Leong Islamic Bank Berhad provides commercial banking products and services to financial institutions, corporates, agencies, and high net-worth individuals. It offers credit cards, investment, deposits, insurance, priority banking, and e-banking services; loans, which include housing and special housing loans, share margin financing, shop and personal, and car loans; savings accounts, including basic savings, senior savers savings, and junior savings; and basic current accounts, foreign currency current, and Smartlink accounts. The company also provides senior savers fixed deposits and foreign currency fixed deposits; ATM, cash and cheque deposit services, phone and mobile phone banking...

Level 8

Wisma Hong Leong

18 Jalan Perak

Kuala Lumpur,  50450


Founded in 2005


60 3 2164 8228


60 3 2164 2503

Key Executives for Hong Leong Islamic Bank Berhad

Chief Executive Officer
Chief Operating Officer
Age: 70
Executive Director
Group Managing Director and Director
Age: 61
Managing Director
Compensation as of Fiscal Year 2014.

Hong Leong Islamic Bank Berhad Key Developments

Hong Leong Islamic Bank Selected GST Collection Bank

Hong Leong Islamic Bank Berhad declared that it has been selected as one of the Goods and Services Tax (GST) collection banks as the GST takes effect from April 1. The bank had entered into an agreement with the Customs Department to formalise its appointment as one of the GST collection banks where it would provide hassle free services to banking customers for GST collection. At first offered over-the-counter GST and Internet banking collections, this service would be expanded to its self-service terminal network in future.

Hong Leong Islamic Bank Berhad Announces Earnings Results for the First Six Months Ended December 31, 2014

Hong Leong Islamic Bank Berhad announced earnings results for the first six months ended December 31, 2014. For the period, the company reported net profit rose 9.1% to MYR 114 million compared to the corresponding period a year ago. The growth in earnings for the first half year was driven by the expansion in financing businesses and improved asset quality.

Hong Leong Islamic Bank Berhad Reports Earnings Results for the Full Year Ended June 30, 2014

Hong Leong Islamic Bank Berhad reported earnings results for the full year ended June 30, 2014. For the year, the company reported net profit after tax for the full year 2014 closed at MYR 231 million, backed by the growth in finance income and lower operating costs. Return on equity stood at 15.9% while return on assets improved from 1.04% to 1.06% year-on-year.

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