Non chex systems bank and Rants

EON Capital has decided to accept the revised offer from Hong Leong Bank Berhad. This news was announced in a statement by EON Capital’s board of directors who deemed the revised offer as credible.The board of EON Capital Bhd has voted in favour of the revised offer from Hong Leong Bank Bhd to buy its entire assets and liabilities for RM5.06bil cash and will present the offer to its shareholders at a general meeting.

EON Capital will proceed to present the offer by Hong Leong Bank to their shareholders in a forthcoming general meeting.“EON Cap wishes to announce that after having taken all steps to explore strategic options for the overall direction of the EON Cap, its board of directors is of the view that the offer is credible as a whole and should therefore be presented to EON Cap’s shareholders for their decision,’’ it said in a statement.

EON Bank is confident with a lot of campaign and promotions held, they will hit a 10 per cent loan growth.Well, with their new product called “Super Easi 123 Home Loan Fixed Deposit” .I think EON Bank will hit it in time end of this year.After all , EON Bank already grab RM1.5 billion in home loans as at end of September .

The EON Bank loan actually offered at up to fixed deposit rate plus 1.25 per cent, adding that EON Bank’s one-year fixed deposit rate currently stood at 2.50 per cent, while the benchmark was at 5.55 per cent.Through Super Easi 123 Home Loan Fixed Deposit EON Bank aim to register RM200 million in new home loans.