Hong Leong Finance Clinches Global Accolades

Hong Leong Finance (HLF) has indeed made sure about its situation on the esteemed The Banker’s Top 1000 World Banks Ranking 2020, ascending by 27 spots from a year ago to its present 640th setting in the 2020 positioning. This is the third sequential year that HLF is recorded in global positioning.

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Singapore’s biggest finance organization credited its higher positioning to the development of 7.8% to US$1.33 billion in Tier 1 capital as at 31 Dec 2019, an estimation device utilized by The Banker to plan a budgetary foundation’s money related quality. The Banker is a monetary and money related report by one of the world’s driving global business distributions, The Financial Times.

Hong Leong Finance

HLF, a pioneer, is likewise the principal finance establishment on the planet to be presented the desired Porsche Financial Services (PFS)’ Global Top Contributor Award 2019 for the third sequential year for having the most elevated piece of the pie of financing Porsche vehicles around the world.

Solid Support by Customers

HLF credits its prosperity to help from the clients it serves, especially Small and Medium-sized Enterprises (SMEs) that make up about 70% of its advance portfolio and settled store client base.

A SME pioneer and expert for more than 50 years, HLF comprehends the difficulties organizations face, particularly during this extraordinary time brought about by COVID-19 pandemic. To moderate the pandemic’s effect, HLF has conceded COVID-19 Loan Relief to in excess of 800 clients containing 70% from neighborhood organizations and 30% from retail clients to date.

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The organization has made accessible credit installment suspension alleviation up to 31 December 2020 for business property for organizations and private property for retail clients. SMEs with influenced income, can likewise apply for moderate Enhanced Enterprise Singapore Financing Scheme (EFS) – SME Working Capital Loan (WCL) and the Temporary Bridging Loan Program (TBLP). These security free credits are upheld by the Monetary Authority of Singapore’s (MAS) SGD Facility. Clients can appreciate a waiver of preparing charges on these EFS advances during this period.

To help more SMEs relieve the effect of the pandemic, HLF sloped up endeavors with its as of late propelled Business Loans Campaign to facilitate the money crunch.

Hong Leong Finance Overview

HLF has likewise revealed a client driven imaginative vehicle credit plot, Hong Leong Finance’s Flexi-Hire-Purchase, to offer more noteworthy adaptability and better help to vehicle purchasers of chose makes, for example, Porsche. New vehicle purchasers will presently have the additional alternative to concede their credit installment as long as a year upon join.

Hong Leong Finance President Mr Ang Tang Chor stated, “We are regarded by the twofold noteworthy universal acknowledgments for as long as three years, particularly our stamped improvement in the global positioning for 2020 by The Banker. This is a demonstration of our steadfast devotion and duty that we provide for our SME and retail clients through our focus on imaginative arrangements.

The alleviation advance plans, including the EFS advances and conceded advance installments, are only a portion of the approaches to support them. We are additionally continually presenting new credit plans, for example, Flexi-Hire-Purchase, to furnish clients with more decisions that may suit their necessities better.”

“The current pandemic isn’t the first and won’t be the last. However, we will keep on remaining nearby to our clients, tune in and react rapidly to their requirements. This is our affirmation that we provide for our clients, come what may,” said Mr Ang.

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An individual from Hong Leong Group Singapore, HLF is Singapore’s biggest finance organization with a system of 28 branches and 12 SME Centers islandwide. HLF’s advance books remain at S$11.55 billion, with investors’ assets at S$1.91 billion and stores at S$12.31 billion as at 31 December 2019.

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