RHB Bank All geared up to Take on the Foreign and Local Financial Market
To date, RHB Bank is one of the main players in the Malaysian finance and banking niche. Progressing to grow the horizon within the South East Asia region, they have laid their foundation in countries which include Brunei, Hong Kong, Indonesia, Laos, and Singapore. In making sure that the organization is scalable, RHB came out with a multitude of banking facilities to business organizations and individuals for personal and commercial needs.
By far the most staple sort of services a financial institution offers has long been the cash deposit account and self-banking services. RHB attracts the public to create savings along with the current account by providing an above-average interest rate to be enjoyed by customers. For maximum convenience to withdraw and deposit money into the account, members can simply locate and use the nearby ATM & CDM machines deployed in branches and also other locations easily.
The shift from the traditional purchasing method using cash to cashless method has increased substantially the demand for credit cards. As proven beyond doubt in the statistics from many studies conducted, the acceptance towards the e-payment method by the public is showing dramatic growth. Hence, credit cards are gaining interest as cardholders could make purchases online without trouble.
What is more, as RHB sees the immediate need to produce a good symmetry between demand and supply, it also has launched a credit card scheme that offers an extra benefit to the cardholders that will be enjoyed whilst they utilize it for either offline or online transactions.
Individuals will definitely demand more than credit cards and savings accounts, and RHB recognizes that well. Today, many have struggled to obtain a loan to acquire assets such as homes & cars. Therefore, the Bank went on to bring about a financial loan structure that benefits all parties at the lowest interest rate for many loan types. Besides, individuals may also subscribe to many types of insurance coverage and make financial investments together with the Bank.
For business entities, RHB Bank is providing a distinctive banking solutions. Application for commercial loans as well as corporate and investment banking are among the various kinds of services made available. For interested partners, the can even sign up for the Bank’s asset management services.
These solutions are especially good for SMEs, as many types of services including loans can be made to gain more capital in their businesses. For e-commerce entrepreneurs, retails solutions would be essentially the most innovative and beneficial services they can engage with.
Nonetheless, RHB Bank still keeps its focal point on the highly-demanded Islamic banking facilities. This kind of service is especially demanded in countries like Malaysia. So, they have offered Islamic corporate banking, Islamic treasury, unit trust, and wealth management that is provided upon demand by either individuals or businesses.
RHB Bank has witnessed a 24% annual brand value growth in 2016 which automatically places them within the top five position for banks in the nation. In anticipation of the upcoming market growth, the Bank has started strategizing a more proactive approach to keep its growth rate steady for several years.