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.