With effect from today, 1 July 2011, the entire business of EON Bank Berhad, including all its assets and liabilities, has been successfully transferred to Hong Leong Bank Berhad in accordance with the Vesting Order granted by the High Court on 17 June 2011, completing a key merger milestone. EBB becomes a dormant company with immediate effect.
However, the Vesting Date for EONCAP Islamic Bank will be announced later. This is merely part of the legal process that needs to be addressed and has already been factored into the integration timeline earlier. The integration process for the both the Conventional and Islamic banks remain on track.
Business As Usual For Customers & Business Associates
Meanwhile, customers and business associates can fully expect business-as-usual as uninterrupted service and continuity of our banking operations continue as normal.
Like all bank mergers, the full integration process takes a longer time as it involves a complex exercise of migrating all the IT systems, processes and policies onto a single IT platform. Until then, the Minister of Finance has allowed Hong Leong Bank to continue with the use of the name "EON Bank Berhad" for a period of time. Bank Negara Malaysia has further given approval to continue with the use of EON Bank-issued payment and transaction instruments such as passbooks, cheques, banker's drafts as well as ATM, debit and credit cards for a period of time from the date of vesting.
This means payment and banking transaction instruments already issued by EON Bank are still valid for use. All customers and business partners or associates are advised to conduct their branch and banking transactions as usual, until further notice. This also includes conducting transactions at their respective branches. Customers of the former EON Bank may continue to carry out online transactions at www.eonbank.com.my, while existing customers of Hong Leong Bank may continue logging into www.hlb.com.my.
The business associates of EON Bank, from card merchants to recipients of EON Bank cheques, can be confident that we will continue to honour legitimate documentation and transactions using payment instruments bearing the EON Bank name and logo.
Under the Vesting Order, all contracts entered with EBB before the effective date of the Vesting Order of 1 July 2011, will be vested into HLB. They remain in effect and under the same terms and conditions as mutually agreed by the contracting parties when they entered into the contract originally.
On Track For Integration Process
We continue to be on track for the full integration exercise and are making confident strides as an even more Market-driven and Customer-centric organisation. Staff are assimilating and collaborating very well, and we see solid teaming efforts to make sure that the merger is seamless to all customers.
We hope that this will translate to a stronger, better Hong Leong Bank for you - our customers and our community. Thank very much for your continued support to the Bank.
Ms. Yvonne Chia
Group Managing Director/Chief Executive
Hong Leong Bank Berhad
Important notice to all customers and business associates
Customers who bank at Hong Leong Bank branches may continue their account and banking enquiries at their respective Hong Leong Bank branches or call Hong Leong Bank Call Centre at +603 7626 8899 or log on to www.hlb.com.my until further notice.
Similarly, customers of the former EON Bank Group should continue to refer to the branches which have been serving their account and banking needs or call +603 2616 1133 or log on to www.eonbank.com.my until further notice. All existing EON Bank-issued documentation and payment instruments are still valid for use.
For all new legal contracts after the Vesting Date of 1 July 2011, the contracting party is Hong Leong Bank Berhad.
During this time, if you have any queries, please call our hotline at +603 2164 2280 or e-mail us at email@example.com or fax us at +603 2162 6789.