Your Trusted Capital Financing Partner

 

Our History

The Pac Lease story began in 1996, but our history traces to 1919 with the formation of Batu Pahat Bank Ltd. The bank would go on to be renamed The Pacific Bank Berhad in 1963, following its 97% acquisition by OCBC the same year. OCBC was, however, involved in the bank since day one, initially through the shareholding of one of its pre-merger founding entities, Chinese Commercial Bank.

During the late 1970s, OCBC invited into the fold three other major shareholders, namely Koperasi Angkatan Tentera Malaysia Bhd, United Malacca Rubber Estates Bhd and American Express International Banking Corporation (whose shares were later sold to Yasuda Trust and Banking Co, Ltd). The four “waves” of the Pac Lease logo today represented at the time, among other things, these four entities.

On 9 May 1996, Pac Lease Sdn Bhd was incorporated to operate Pacific Bank’s leasing business. Five years later, during Malaysia’s major local bank consolidation exercise of 2001, Pacific Bank’s banking operations were sold to another domestic bank, and its non-banking interests were reorganised under an investment-holding company called PacificMas Berhad, which oversaw the remaining businesses, including Pac Lease Sdn Bhd.

Pac Lease Sdn Bhd was converted into a public limited company in June 2011 and then took on the current name, Pac Lease Berhad. On 31 May 2012, Pac Lease became a wholly owned OCBC subsidiary through OCBC Capital (Malaysia) Sdn Bhd.

Our Business

Pac Lease primarily offers hire purchase facilities for capital equipment and machinery as well as term loans, bridging loans/development loans, asset financing loans, as well as working capital and trade financing facilities to SMEs. Through our Headquarters in Kuala Lumpur and 15 branches across Malaysia, we also offer insurance products, property term loans and other financing facilities.

Our Vision

To sustain our position as leader in Capital Equipment Financing (CEF) market in Malaysia and Centre of Excellence in CEF for the OCBC Group.

Our Values (LIFRR)

Lasting value: Creating long-term, sustainable value through prudent risk-taking and enduring relationships.

Integrity: Doing the right thing with high ethical standards in every decision and action, including by consistently dealing with our customers in a fair and professional manner.

Forward-looking: Being progressive and prepared for the future in strategy, products, and capabilities.

Respect: Treating customers, colleagues, partners, and communities with fairness and respect.

Responsibility: Being accountable to stakeholders and society.

Our Promise

Fast: We strive to be fast in the delivery of our solutions to customers without compromising quality. This means we find new ways to do things by adopting cutting-edge practices. 

Flexible: We strive to be flexible in our product and service offerings, availing to our customers customised solutions that meet their needs.  This means we listen to what is happening in our customers’ industries and shape our offerings accordingly. 

Future-focused:  We strive to partner with businesses for the longer-term growth journey.  This means we build on each business engagement to shape the next. 

Integrity and Professionalism

We encourage a culture that fosters high standards of ethics, professionalism and integrity. We adopt consistent and fair principles, values and ethics. We believe in fair dealings made in a timely manner. Being trustworthy and committed is our corporate responsibility.

Customer Focus

Customers’ needs are our primary focus. We build credibility, trust and rapport to maintain long term and solid relationship with our customers. We reinforce a “Customer First” orientation through leadership and vision.

Result Focus

Our employees are driven to attain a culture of excellence and be results-oriented. We encourage innovations, quality improvement initiatives and value-added standards.

Teamwork

As a team, we promote “one team, one direction”. We share and support one another in achieving our business goals. In addition, we emphasise on a work culture that promotes harmony, cooperation and high team spirit.

Convenient & Flexible

15 Branches Nationwide

Fast Approval

Low Financing Cost

Ease Your Capital Outlay

Company Profile

Company Name Pac Lease Berhad 199601014303 (386653-K)
Year of Establishment 1996
Registered Address 19th Floor, Menara OCBC, 18, Jalan Tun Perak, 50050 Kuala Lumpur.
Business Address Level 17, Menara Great Eastern 2, 50, Jalan Ampang, 50450 Kuala Lumpur.
Representative Ms Lynda Tan Giew Kiew (CEO)
Financial Year End 31 December
Staff Strength Approx 200
Nature of Business Mainly hire purchase
Distribution Network Head office in Kuala Lumpur and 15 Branches nationwide
RAM Rating AA3/Stable/P1
https://www.ram.com.my/pressrelease/?prviewid=6051
MARC Rating AA/MARC-1
https://online.marc.com.my/Home/ViewArticle?aid=60538900469946

Board of Directors

Mr. Mevin Nevis
Mr. Mevin Nevis (“Mr. Nevis“) is an Associate of the Chartered Institute of Bankers UK with an MBA in business management and he is also a Certified Risk Professional (CRP), BAI Certification Centre USA.

He has over 35 years of banking experience with responsibilities covering banking operations, and trade finance, credit, commercial, corporate and transaction banking. His senior managerial positions included regional manager and head of areas such as SME, local corporates, transaction banking and product management. Mr. Nevis also served in the United States as vice president and regional account manager in charge of business development among US corporates with business interests in South East Asia. His experience extends to Islamic banking as well, having played a key leadership role in an international Islamic bank where he helped transform its corporate business.

Mr. Nevis was appointed a Director of OCBC Al – Amin Berhad (“OABB”) in November 2022. Prior to his appointment in OABB, Mr. Nevis was Head Operations of the Corporate Debt Restructuring Committee (CDRC), under the purview of Bank Negara Malaysia.

Mr. Nevis was appointed to the Board and Chairman of Pac Lease in October 2023.

Mr. Lim Yau Seong
Mr. Lim Yau Seong (“Mr. Lim“) is a certified Chartered Banker who holds a Master of Business Administration from the University of Strathclyde, United Kingdom and a Bachelor of Economics (First Class Honours) from Universiti Malaya.

Mr. Lim has more than 37 years of experience in the banking industry. He has held various senior management positions in commercial loans, consumer services, emerging business, and enterprise strategic marketing during his long tenure at OCBC Malaysia. He was the Head of Operations & Technology before he became the Chief Operating Officer of OCBC Malaysia. He retired from OCBC Malaysia in November 2023.

Mr. Lim was appointed to the Board of Pac Lease in June 2024.

Mr New Jing Yan
Mr. New Jing Yan (“Mr. New“) holds a Masters of Business Administration from the University of Arkansas, United States of America (“USA“), and a Bachelor’s Degree of Science in Biology (Honours) from Oral Roberts University, USA. He was awarded fellowship scholarships from the universities. He has thirty five (35) years of experience in banking, with focus on lending to large corporates and SMEs, customer relationship, risk management, and project lending to real estate industry.

Mr. New started his career in Citibank Berhad as a Management Associate and rose to the rank of Vice President, and assumed the role of Head of Corporate Banking II, and then Head of Real Estate. In 1997, he joined OCBC Singapore’s international division and later served as Chief Representative in Ho Chi Minh City, Deputy General Manager of the Hong Kong Branch and General Manager & Country Head in the Bangkok Branch before being posted to OCBC Malaysia in 2005. As the Managing Director & Head of the Real Estate Segment in Large Corporate Division, he was responsible for formulation of business plan, managing customer relationship, maintaining portfolio quality, and reviewing real estate risk grading process until his retirement in May 2021.

Mr. New was appointed to the Board of Pac Lease in March 2022.

Mr. Tan Chor Sen, Christopher
Mr. Christopher Tan Chor Sen (“Mr. Tan“) holds a Bachelor of Business Administration from the National University of Singapore and is an Institute of Banking and Finance Singapore (IBF) Fellow (Corporate Banking). He has over thirty-eight (38) years of banking experience began in commercial banking with postings in consumer banking and later several positions in corporate and offshore banking.

Mr. Tan started his career at OCBC in Singapore in 2005 as Head of Emerging Business, where he redefined the bank’s approach to small businesses, making OCBC a leading SME bank in Singapore, serving one in every two SMEs. He expanded the SME business to Malaysia, Indonesia, and Hong Kong, introducing tailored digital solutions, innovative business models and service innovations tailored for SMEs. For Malaysia, he oversaw the launch of the SME cash business and digital account opening for businesses. In 2012, he became the Head of International, Global Commercial Banking, overseeing growth and cross-border initiatives in OCBC’s core markets, particularly within ASEAN and Greater China, for a decade. In January 2023, he was appointed as the Chief Executive Officer of OCBC Malaysia. He is a director of OCBC E2 Power Sdn Bhd.

Mr. Tan was appointed to the Board of Pac Lease in October 2023.