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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Hong Leong Islamic Bank celebrates first Islamic bank merger

Posted on 11 November 2011

Hong Leong Islamic Bank celebrated the successful merger of Hong Leong Islamic Bank and the former EONCAP Islamic Bank following the successful completion of Malaysia’s first vesting of an Islamic Bank with EONCAP Islamic Bank Berhad, both pursuant to the integration exercise between its parent-bank, Hong Leong Bank Berhad and the former-EON Bank Berhad. It also marked the first public event helmed by Raja Teh Maimunah Raja Abdul Aziz, the recently appointed Chief Executive Officer of HLISB.
“We at Hong Leong Islamic Bank are inspired to follow in the footsteps of our parent bank to become a premier player in the Islamic banking circuit. The next few months will be challenging in the face of global market conditions yet exciting as we embark to expand our product range and services as well as market reach. We aim to intensify our reach in the consumer market through the group’s wide branch network and to provide our customers with greater product choices. (Press Release)

 
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