RHB Bank’s Services and Products: Credit Cards and More
RHB Bank today is one of the primary integrated financial services group in Malaysia. Along with the vision to further maximize its share of the market within the SEA region, the company has to this point ventured into 10 countries which comprise of Brunei, Laos, Myanmar, Vietnam, and Singapore, amongst others. To be able to make dominion possible, a variety of products and services happen to be provided to the public to provide for both personal and business needs.
The creation of current or savings accounts by individuals and organizations is unquestionably a necessity. To draw in smart consumers, RHB Bank has offered a viable interest rate account holders can enjoy merely by depositing money into their account. Whilst they provide traditional transaction facilities through ATM and CDM, the Bank had also launched RHB Now, their internet banking solutions to increase efficiency.
The shift from standard purchasing method using cash to cashless method has also increased the demand for credit cards. As proven beyond doubt through the reports from many analyses conducted, the acceptance towards the e-payment method by the public is showing exponential growth. Hence, credit cards are gaining interest as cardholders can make an online purchase with no trouble.
This is when unique offering comes into the picture, as an assortment of advantages are offered to RHB Bank credit card subscribers, including cashback reward as well as some other value-added rewards that offers a higher return as the cardholder spend more money.
Despite that, RHB Bank is aware of the reality that offering credit cards and savings accounts are not enough. Presently, acquiring assets such as cars and properties would require most people to acquire a decent loan scheme. Thus, RHB has reformulated its loan structure in an effort to provide the lowest interest rate as is practicable for quite a few types of loans. Plus, insurance services, unit trust, and even financial investment can also be made.
For companies, RHB Bank offers an exclusive banking solution. Application for commercial loans and corporate and investment banking are amongst the number of services provided. For interested partners, the could also sign up for the Bank’s asset management services.
There does exist one special category of customers which might reap out the most advantages of this: the small-medium enterprises. The products made available by RHB Bank will make it possible for them to gain more capital to develop their business by making loan applications. On the other hand, SMEs within the e-commerce industry might also subscribe to RHB’s dependable retail solutions.
Despite this, the bank has never lost attention to Syariah-compliant financial instruments. That is largely because of increased demand by the public in Malaysia. Understanding that, banking facilities that follow the minimum Syariah requirement which include Islamic treasury, Islamic corporate banking, unit trust, and wealth management services are now being put forward.
The Bank’s annual brand value grew at the rate of 24% in 2016, which signifies that they’re now in the top five leagues in Malaysia. For the exact purpose to continue to keep the comparable growth rate over the next several years, RHB Bank would be deploying significantly more aggressive campaigns and tactics for the customers.