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Aeon Credit Service (M) Bhd (Malaysia)

Main Activities: Credit Card Issuing
Full name: Aeon Credit Service (M) Bhd Profile Updated: November 19, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2024 Available in: English Download a sample report

AEON Credit Service (M) Berhad, located in Kuala Lumpur, was incorporated on 6 December 1996 and became a public limited company on 9 February 2007. It was subsequently listed on the Main Market at Bursa Malaysia Securities Berhad on 12 December 2007. The company started its operations in 1997 by offering Easy Payment schemes for the purchase of consumer durables through selected retail merchants and chain stores. In September 2021, AEON Credit completed the acquisition of Insurepro Sdn Bhd, an insurance broking firm. This acquisition allows AEON Credit and its subsidiary to distribute both conventional and takaful insurance products, including life insurance, by leveraging the AEON Group Retail network and ecosystem. Currently, AEON Credit offers a range of financial services, including Credit Cards, Prepaid Cards, AEON Wallet App, Easy Payment Schemes, Hire Purchase Financing for Motor Vehicles, Personal Financing schemes, Insurance Broker, and other related services. The company has five Regional Offices, 64 branches and service centers located in major shopping centers and towns, and a network of over 10,000 participating merchant outlets nationwide. It also has one subsidiary company in Kuala Lumpur. AEON Credit's corporate philosophy is to support customer lifestyles and enable individuals to maximize future opportunities through the effective use of credit. Their mission is to provide consumer financial services that best meet customer needs and enhance their lifestyle. The company adheres to a strict code of corporate ethics and engages in activities that contribute to society. AEON Credit is guided by the AEON Group's "Customer First" philosophy and aims to exceed expectations by offering excellent products and unique services. The company follows the AEON Code of Conduct Commitment, which emphasizes gratitude, integrity, exceeding customer expectations, and supporting local community growth. AEON's basic principles revolve around peace, respect for human dignity, and making a contribution to the community. The company focuses on creating a corporate environment that allows the development of human resources.

Headquarters
Level 18, Uoa Corporate Tower, Avenue 10, The Vertical, Bangsar South City, No. 8, Jalan Kerinchi
Kuala Lumpur; Federal Territories; Postal Code: 59200

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Website: http://www.aeonmalaysia.com.my

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1996
Key Executives
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Chairman
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Chief Financial Officer
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Managing Director
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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Subsidiaries
Aeon Insurance Brokers (M) Sdn. Bhd.
100%
Company Performance
Financial values in the chart are available after Aeon Credit Service (M) Bhd report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency MYR. Absolute financial data is included in the purchased report.
Net interest income
18.3%
Operating profit (EBIT)
6.36%
Net Profit (Loss) for the Period
1.52%
Total assets
13.52%
Total equity
4.47%
Total Assets Trend
3.89%
Net Interest Income Trend
9.67%
Loans to Asset Ratio
1.79%

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