RHB Bank to increase Expansion Within SEA Market
At this point, RHB Bank is among the main competitors in the Malaysian finance and banking sector. Progressing to grow the horizon within SEA, they have laid their foundation in countries which includes Brunei, Hong Kong, Indonesia, Laos, and Singapore. In making sure that the business organisation is scalable, RHB introduced lots of banking facilities to business organisations and individuals for personal and commercial needs.
Individuals and organisations are free to open their savings and current account with RHB Bank conveniently and benefit from a reasonably competitive interest rate as they put in money to their bank account. Whenever they wish to make any transactions online, they’re able to easily utilize the online banking services, RHB Now. For offline transactions, they’re able to access the ATM & CDM machines as well as MEPS ATM effortlessly for withdrawal.
The shift from standard purchasing method using cash to cashless method has increased substantially the market demand for credit cards. As validated in the reports from many analysis conducted, the acceptance towards e-payment method by the public is showing dramatic growth. Hence, credit cards are rising in popularity as card holders may make purchases online without difficulty.
Knowing there is an urgent need to reduce the gap between demand and supply, the Bank took an extra leap forward to offer value-added credit card plan that gives cashback and many other benefits the account holder can take advantage of as they use it to make purchases.
RHB is aware that individuals need more than savings accounts and credit cards. When buying assets like homes and cars, lots of people happen to have been having difficulties to get their personal loan approved. As a result, the company has reformulated their personal financing services which provides minimum interest for a variety of lending product. In addition, unit trust, insurance, and personal financial investment is additionally made with the Bank.
For business people and organizational entities, RHB Bank is providing corporate banking facilities. They are able to engage with the Bank either for investment banking or perhaps to make a business loan. Generally if the consumers are interested, they may even sign up for RHB Bank’s online cash management services.
It is apparent that small-medium enterprises are amongst the customers which can possibly enjoy maximum return, in particular when it is possible for them to make an application to obtain loan should extra revenue is necessary to scale the business. Additionally, retails solutions tend to be offered to SMEs who might need it.
Then again, RHB Bank has never overlooked the need for Islamic banking facilities. In Malaysia, Syariah-compliant services and products are highly demanded. Therefore, product or service which includes wealth management, unit trust, Islamic treasury, and corporate banking are particularly created to make sure that all transactions adhere to the Syariah requirement.
In 2016, the Bank was able to expand the growth of its annual brand value by 24%, which automatically causes them to be the 4th fastest growing banking industry player in Malaysia. As they anticipate the upcoming year’s financial market potential, RHB Bank has begun strategizing to set-up more generative campaigns in the foreseeable future.