RHB Bank Getting ready to Dominate the Local Financial Sector
Speaking of RHB Group, we do know that they’re now on the list of leading banks in Malaysia. Understanding the potential of foreign markets with South East Asia, they have expanded their horizon and entered Hong Kong, Laos, Cambodia, Myanmar, Thailand, and plenty of other countries. Feeling the necessity to provide additional value, RHB Bank initiated a policy for a savings account to present many kinds of financial services to organisations and individuals.
Setting up savings or current account by individuals and businesses will always be a must. To bring in smart consumers, RHB has offered a viable interest rate customers will enjoy simply by depositing money in their respective accounts. As they simply provide traditional transaction facility through ATM and CDM, the Bank had also launched RHB Now, their online banking solutions to increase efficiency.
RHB Bank happens to be monitoring the trend shift in terms of purchase from using cash too without cash and spotted that it triggered a higher demand for credit cards. Based on the information and facts collected globally and nationwide, more people prefer buying online using a credit card every day. Hence, RHB made the ideal move by making it convenient for consumers to apply for a credit card online and take advantage of a low-interest rate.
This is when unique offering comes into the picture, as a range of advantages is offered to RHB Bank credit card subscribers, including cashback reward and numerous other value-added rewards that provide a higher return as the cardholder use the card more.
Despite that, RHB Bank is aware of the simple fact that providing credit cards and savings accounts commonly are not enough. Presently, acquiring assets like cars and homes will require most individuals to apply for a decent loan scheme. Thus, RHB has reformulated its loan structure as a way to provide the lowest interest rate possible for many different types of loans. Plus, insurance services, unit trust, and financial investment may also be made.
For organisations and entrepreneurs, corporate banking facilities will also be available. They’re able to take a business loan or simply engage with RHB for corporate & investment banking. Intending to make sure that their products and services are the best, RHB has additionally offered online cash management and asset management services.
There is always one particular category of customers that could reap the most advantages of this: the SMEs. The services offered by RHB Bank will undoubtedly make it possible for these business owners to get more capital to expand their business by making an application for the loan. Furthermore, SMEs within the e-commerce industry can also sign up for RHB’s trusted retail solutions.
Nonetheless, RHB Bank still keeps its interest in the highly-demanded Islamic banking facilities. This type of services is mainly demanded in countries like Malaysia. So, they have offered Islamic corporate banking, Islamic treasury, unit trust, and wealth management that is available upon demand by either individuals or businesses.
A significant 24 annual brand value growth happen to have been seen by the Bank in 2016, which places them as amongst the leading domestic banking players. Seeing the future market growth potential, RHB Bank has equipped themselves with more rigorous and efficient tactics for a savings account to grow further its value and market share in the long term.