RHB Bank Preparing to Lead the Foreign and Local Financial Markets
RHB is today said to be the largest bank with integrated financial services in Malaysia. While they plan to further expand their market, RHB Bank has tapped into Brunei, Indonesia, Singapore, Laos, Vietnam and a few other countries within the South East Asia region. Realizing that by far the most effective way to compete is simply by giving extra value to customers, rhb group has started offering multiple banking facilities to both individuals and organisations.
Having a savings account as well as a current account happens to be staple yet underrated. In order to make certain that account holders could benefit the most from their savings, RHB Bank has offered very competitive interest rate compared to other banking companies. In addition, the company has improved the transaction services by both adding more ATM and CDM machines in branches and other designated locations as well as creating a web-based banking services platform, RHB Now for their customers.
In addition, RHB also embraces digital transformation and has now seen that it lead to a growing demand for credit cards. As research shows more and more people have a tendency to shop and perform transaction online nowadays, RHB Bank has also made it possible for consumers to apply credit card online. The Bank is at ease with their offering that they even urge potential consumers to review credit cards interest rate prior to making any commitment.
What is more, as RHB Bank sees the urgent need to come up with a good symmetry between demand and supply, the company has developed a credit card plan that provides special reward to the card holders which can be enjoyed when they start to utilize it for either offline or online transactions.
Individuals will most of the time require more than credit cards and saving accounts, and RHB is aware that well. At this time, many have struggled to get a loan to buy assets like homes & cars. So, the Bank went on to come up with a loan scheme that benefits each party with the lowest interest rate for multiple loan types. Additionally, individuals might also subscribe various insurance policy and make financial investment together with the Bank.
For businesses, RHB Bank is offering an incomparable banking solutions. Application for business loans in addition to corporate and investment banking are among the various types of services made available. For interested partners, the can also sign up for the Bank’s asset management services.
Small-medium enterprises are among those who is going to take advantage of the most benefits. They are welcomed to obtain loans should capital injection is needed as they start to scale their businesses. Furthermore, RHB Bank even provides retails solutions to the appropriate customers, specifically those in e-commerce business.
Nonetheless, the demand for Islamic banking facilities has not been overlooked, particularly when there is popular demand for Syariah-compliant products or services within the Malaysian market. For that reason, the Bank makes certain that solutions that comply with the Syariah requirement, including Islamic wealth management services, Islamic treasury, corporate banking, as well as unit trust are made available.
In 2016, RHB Bank have witnessed a 24% annual brand value growth, causing them to be one of the top five players in Malaysia. Knowing full potential of the long term financial market, RHB Bank is ready with more aggresive strategies in ensuring a consistent increase of growth throughout the next few years.