Question 1

What is HL Bank?

Accepted Answer

HL Bank is the Singapore branch of Hong Leong Bank Berhad, a leading Malaysian banking group. Operating under a Full Bank license in Singapore, HL Bank provides comprehensive financial services across business and corporate banking, personal financial services, private wealth management, and global markets. The bank is part of Hong Leong Financial Group, one of Malaysia's prominent financial conglomerates.

Question 2

When was HL Bank founded?

Accepted Answer

Hong Leong Bank's origins trace back to 1905 when it was established as Kwong Lee Mortgage & Remittance Company in Kuching, Sarawak. The company was founded by Cantonese brothers Lam Tee Chew and Lam Song Khee, granting loans against commodities like pepper and rubber. A Singapore branch was opened in 1926.

In 1934, the company was converted to a public company as Kwong Lee Bank. After several name changes—becoming Malayan United Bank in 1983 and MUI Bank thereafter—it was acquired by the Hong Leong Group Malaysia in 1994 and renamed Hong Leong Bank Berhad.

Question 3

Where is HL Bank headquartered?

Accepted Answer

Hong Leong Bank Berhad is headquartered in Kuala Lumpur, Malaysia. The Singapore branch serves as an important regional hub for the Group.

Question 4

Where does HL Bank operate?

Accepted Answer

HL Bank operates in Singapore through its Full Bank license, with a network of branches serving customers across the country. The Singapore branch has transformed from a pure private banking proposition to serving niche segments including health banking, consumer banking, and auto financing. Within Singapore, HL Bank maintains multiple touchpoints to serve retail, high net worth, and corporate clients.

Question 5

What services does HL Bank offer?

Accepted Answer

HL Bank Singapore provides business and corporate banking services, including deposit and loan services, working capital financing, trade finance, and cash management. For retail customers, the bank offers current accounts, savings accounts, fixed deposits, personal loans, auto loans, and wealth management services.

Digital banking is a key focus with HL Connect, featuring Singpass login, digital token authentication, mobile banking, online banking platforms, emergency lock functions, and fund transfer capabilities. The bank also provides treasury services and global markets products.

Question 6

What makes HL Bank unique?

Accepted Answer

HL Bank Singapore has undergone significant transformation, evolving from a pure private banking model to an integrated business model. The bank has captured significant market share in auto financing and health banking over recent years. In 2018, HL Bank was recognized as a Human Capital Partner by TAFEP for being a progressive employer.

The bank emphasizes customer-centric approaches, digital innovation, and an integrated business model to meet both corporate and personal financial needs.

Question 7

What type of financial institution is HL Bank?

Accepted Answer

HL Bank Singapore operates as a Full Bank under the Monetary Authority of Singapore's licensing framework. As a full bank, it can accept deposits in Singapore dollars and operate without restrictions on the number of branches or ATM locations. The parent institution, Hong Leong Bank Berhad, is a universal commercial bank serving retail, SME, commercial, and corporate markets across multiple product lines including conventional and Islamic banking services.

HL Bank

in Singapore 🇸🇬

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About HL Bank in Singapore