HLB Launches the New Hong Leong Online (Business)

Innovating and strengthening its Cash Management Services

Hong Leong Bank (HLB) recently launched the new Hong Leong Online (Business), the enhanced business online banking which marks the beginning of HLB's journey in innovating and strengthening its Cash Management Services that is offered to its valued customers.

This launch will see the following important Account Management functions incorporated into the Hong Leong Online (Business); current account, foreign currency accounts, loan accounts and fixed deposits balance inquiries, transaction history, statement download and cheque status inquiries.

Apart from the improved system performance and the additional functions, customers can expect the following new benefits; the ability to view subsidiary companies' accounts with a single sign-on and the ability to view outstanding foreign exchange and money market contracts.

"In today's fast-paced and constantly on-the-go environment, HLB consistently tries to provide more innovative online banking solutions and the introduction of the Hong Leong Online (Business) is one such way," said Kua Wei Jin, Chief Operating Officer, Wholesale Banking. "To introduce and create awareness of the new features and benefits of the new Hong Leong Online (Business) to existing and potential customers, we will be holding several nationwide road shows over a period of the next two months. This will be a good avenue for customers to have a hands on experience with our latest offering."

For a start, HLB will migrating about 10,000 of its current active business customers to the new Hong Leong Online (Business). Other plans that have been lined up for customers by year end would be the introduction of online transaction capabilities to effect fund transfers, remittances, payments, treasury transactions and trade finance transaction with the latest security features.

In line with the government's direction in migrating cheques to electronic payments, HLB will also be enabling electronic payment of SOCSO contributions over the next two months, on top of the existing salary payments and EPF contribution payment capabilities. With the introduction of HLB's Online Payroll Services by mid 2010, we foresee that there will be even more corporate customers who will be using HLB to pay salary and EPF and SOCSO Contributions.

"We take online banking steps further than competition by constantly innovating our offerings and introducing even more aggressive promotions to ensure continued patronage while attracting even more new users. In all areas of the Bank, we listen to the needs of our valued customers and structure innovative products to meet their needs," he added.

"We are committed to our customers and will endeavor to provide them with a rewarding Internet banking experience, where convenience, efficiency and security in the transaction of financial services are of utmost priority," he concluded.

For further information on the new Hong Leong Online (Business), visit any of HLB's branches nationwide, or contact your Relationship Manager at our Business Centre or call our Cash Management & Payments Department at 03-2773 0576/ 03-2169 2404 during office hours or log on to www.hlb.com.my.

-END-Press Release - 09/03/2010