New Investment Product By Hong Leong Bank

Hong Leong Bank (HLB) today launched the Hong Leong InvestSafe, an innovative investment product in collaboration with Amanah Raya Berhad (AmanahRaya). HLB is the appointed collection agent for AmanahRaya, a Public Trustee company wholly owned by the Government.

Recognizing the financial needs of Malaysian consumers especially with the current rise of inflationary pressures from high oil and commodity prices, HLB once again proactively answers its customers' needs.

The Hong Leong InvestSafe is a new investment solution for those who are seeking medium term, secure investment with capital protection and consistent dividend payout. Targetted at Fixed Deposit (FD) customers, the Hong Leong InvestSafe provides monthly dividends which are potentially higher than the conventional FD interest rates. Current dividend is 5% per annum and will be periodically reviewed and declared by AmanahRaya.

HLB has tested the new investment product with several valued clients and the feedback was very encouraging. According to Ms Yvonne Chia, Group Managing Director of Hong Leong Bank, "This underscores the great appeal of the Hong Leong InvestSafe product and underlines our commitment to meet the needs of our customers."

"Buoyed by the excellent response, we are confident that this unique product coupled with our strong branch franchise of 186 branches nationwide, and together with AmanahRaya's sound financial fundamentals and fund management expertise, we will be able to attain bigger success with this product in no time," added Ms Chia.

The Managing Director of AmanahRaya, Y.Bhg. Dato' Ahmad Rodzi Pawanteh echoed Ms Chia's confidence in his speech. He said "this collaboration has not only achieved its objective but it has also strengthened the business ties between AmanahRaya and Hong Leong Bank. We are certainly proud to be associated with Hong Leong Bank and certainly look forward for more strategic alliances in the future".

Press Release - 08/08/2006