Hong Leong Bank (HLBank)

A significant publicly traded banking firm in Malaysia is Hong Leong Bank Berhad. Kwong Lee Mortgage & Remittance Company was the name under which Hong Leong Bank launched its first operations in Kuching, Sarawak, in 1905. Lam Tee Chew and Lam Song Khee, two Cantonese brothers, started the initial business. The corporation provided loans in exchange for export commodities like pepper, rubber, and other homegrown goods. Additionally, it offered the ability for Chinese citizens living abroad to send money home to their families in China's Southeast.

Hong Leong Bank Berhad is a Malaysia-based provider of regional financial services with offices in Singapore, Hong Kong, Vietnam, Cambodia, and China. The Bank prioritizes the development of financial capabilities to serve its clients throughout the five geographies and is technology-focused. The Hong Leong Group includes Hong Leong Bank Berhad, which is listed on Bursa Malaysia and is referred to as "HLB" or "the Bank." The Bank, which has its main office in Kuala Lumpur, has a long history of Malaysian business.

Offerings under its retail banking product portfolio include accounts and deposit products like current accounts, foreign currency and savings accounts, fixed term and flexi term deposits; card products like debit and card cards; and lending solutions like loans for overdrafts, business financing, personal, home, and auto loans, share margin financing, revolving credit, and term loans, among others. Hong Leong Bank provides wealth management, safe deposit box services, cash management, trade finance, capital markets trading, import and export financing, foreign currency financing, shipping, and bank guarantee services as a part of its connected financial solutions. Solutions relating to insurance include, among other things, coverage for health, life, travel, house, and automobiles.

Founded: 1905
Headquarters: Kuala Lumpur, Malaysia
Website: https://www.hlb.com.my/