Hong Leong Bank to allocate 60%-70% of capex for digitisation efforts

Speaking to reporters after the launch of the bank

KUALA LUMPUR: Hong Leong Bank Bhd (HLB) is allocating between 60% and 70% of its total capital expenditure (capex) of RM220mil in the financial year ending June 30, 2020 (FY20) for digital capabilities enhancement and initiatives.

Speaking to reporters after the launch of the bank’s Digital Day yesterday, HLB group managing director and chief executive officer Domenic Fuda said there was growing customer adoption of its digital platforms.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Subscribe

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

Subscribe

1 month

Free Trial

For new subscribers only

Subscribe
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Hong Leong Bank , HLB , Domenic Fuda , capex , digitalisation ,

   

Report it to us.

Next In Business News
Bursa Malaysia mixed at midday break, key index up
Dialog Axiata inks deal to acquire Airtel Lanka via share swap
ACE Market-bound Sin-Kung targets RM26mil in proceeds from IPO
Smart Asia to issue 93.5mil shares, en route to ACE Market listing
Matrade to organise halal showcase in Dubai
Feytech inks underwriting deal with TA Securities, AmInvestment Bank
Ringgit extends gains to open higher against US$
Loan applications for property take a breather in Feb
Upsides on Bursa capped by negative global sentiment
Trading ideas: Maxis, Bank Islam, Malaysian Flour Mills, Menang, HeiTech Padu, Reservoir Link, MGRC, IGB REIT, Affin Bank and Excel Force

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.