(HLBank) Hong Leong Bank

Kwong Lee Mortgage & Remittance Company was the name under which Hong Leong Bank launched its first operations in Kuching, Sarawak, in 1905. The corporation provided loans in exchange for export commodities like pepper, rubber, and other homegrown goods. Also, it offered the ability for Chinese citizens living abroad to send money home to their families in China's southeast.

The corporation experienced a challenging period of growth in its early years as a result of being caught in several economic crises. In 1914, the outbreak of the First World War caused panic in the financial community. The post-war recession of 1920–1921 began a few years after hostilities were over. In 1923, following the depression, the firm established a branch in Sibu.

Hong Leong Bank's market valuation as of April 2023 (HLBank) is $9.74 billion. By market capitalization, Hong Leong Bank ranks as the 1493rd most valuable corporation in the world. The most recent financial reports from Hong Leong Bank (HLBank) show that the company's current revenue (TTM) is $1.30 billion. The company generated $1.29 billion in revenue in 2021, up from $1.19 billion in 2020.

Founded: 1905
Headquarters: Menara Hong Leong, No.6, Jalan Damanlela, Bukit Damansara, 50490, Kuala Lumpur, Malaysia
Website: www.hlb.com.my