EON Bank targets expansion despite merger with Hong Leong

EON Bank continues to open more branches and pursue investments in 2011.

Malaysia-based EON Bank’s chief executive has said that the bank is not deterred or hindered by the expected takeover by Hong Leong Bank.

Datuk Michael Lor told regional media that EON Bank would continue to expand in Malaysia and said that the bank would open more branches and pursue investments in 2011.

EON Bank is tied up in a merger proposal between its parent company, EON Capital, and Hong Leong Bank.

The merger was approved in 2010.

View the full story in Retail Banker International.