RHB Bank to Expand Growth Within SEA Region
RHB is today amongst the largest bank with integrated financial services in Malaysia. While they plan to further widen their market, RHB Bank has tapped into Brunei, Indonesia, Singapore, Laos, Vietnam as well as some other countries within the South East Asia. Knowing that perhaps the most productive way to compete is simply by giving extra value to customers, rhb group initiated a policy of offering multiple banking facilities to both individuals and firms.
One of the most staple kind of services a Bank can provide is without question the cash deposit account and self-banking solutions. RHB Rank attracts the public to create savings along with current account by giving higher than average interest rate to be enjoyed by account holders. For maximum ease to withdraw and deposit money into the account, members could easily locate and use the nearby CDM & ATM machines deployed in branches and also other locations easily.
As the Bank witnesses the trend shift from the old purchasing method with cash to online purchasing, they recognized that there’s an escalating market demand for credit cards. Dependent on the data from analysis conducted that shows the public’s increasing acceptance towards online purchase, it’s indisputable that offering credit card service is probably the main approach RHB Bank ought to be pushing forward-and they did just that.
Feeling the need to close the gap between supply and demand, RHB Bank goes further and they have begun offering credit card solutions with many benefits as opposed to other banks, such as cashback reward for card holders as they buy more using credit card.
RHB realizes that individuals demand more than savings accounts and credit cards. When purchasing assets which includes cars & homes, lots of individuals seem to have been finding it hard to get their bank loan approved. For that reason, RHB Group reformulated their personal financing facilities which provides very low interest to get a wide variety of bank loan. In addition, unit trust, insurance, and personal financial investment might also be made with the Bank.
For enterprisers and organizational entities, RHB Bank is providing corporate banking facilities. They’ll be able to engage with the Bank either for investment banking or perhaps to make business loan. In case the consumers are interested, they can even subscribe to RHB Bank’s online cash management services.
It is clear that SMEs are amongst the customers which can possibly enjoy utmost benefit, particularly when it is now possible for them to make loan applications should extra revenue is necessary to scale the business. Additionally, retails solutions tend to be provided to SMEs who may need it.
Nonetheless, the need for Islamic banking facilities hasn’t ever been overlooked, specifically when there is high demand for Syariah-compliant services and products within the Malaysian market. Hence, the Bank ensures that solutions that satisfy the Syariah requirement, which include Islamic wealth management services, Islamic treasury, corporate banking, or even unit trust are made available.
In 2016, RHB Bank have witnessed a 24% annual brand value growth, that make them among the list of top five players in Malaysia. Knowing the full potential of the long term financial market, RHB Bank is prepared with more aggressive strategies in ensuring a steady increase of growth over the years to come.