RHB Bank Ready to Take control of the National Financial Market
RHB Bank to Expand Financial growth Within South East Asia Region
RHB is today amongst the largest bank with integrated financial services in Malaysia. As they plan to further widen their market, RHB Bank has tapped into Brunei, Indonesia, Singapore, Laos, Vietnam and some other countries in the South East Asia region. With the knowledge that essentially the most productive way to compete is by giving extra value to the consumers, rhb group initiated a policy of offering multiple banking facilities to both individuals and companies.
Individuals and businesses have the freedom to start up their savings and current account with RHB Bank easily and acquire reasonably competitive interest rates as they transfer money into their accounts. If they need to make any transactions online, they’re now able to easily use the internet banking services, RHB Now. For offline transactions, they may access the ATM & CDM machines as well as MEPS ATM quite easily for withdrawal.
RHB Bank has been monitoring the trend shift in terms of purchase from using cash to cashless method, and spotted that it led to an increased demand for credit cards. According to the information and facts collected globally and nationwide, a lot more people seem to prefer buying online using credit card everyday. Hence, RHB made the suitable move by making it very simple for potential customers to apply credit card online and enjoy a low interest rate.
Feeling the need to close the gap between demand and supply, RHB Bank goes further and has begun offering credit card facilities with many benefits in comparison to the other banks, including cashback reward for card holders as they purchase more using credit card.
Individuals will generally demand more than credit cards and saving accounts, and RHB knows that well. At present, many have struggled to get a loan to buy assets which include homes & cars. Therefore, the Bank proceeded to come up with a personal loan scheme that benefits each side with the lowest interest rate for multiple loan types. Moreover, individuals might also subscribe many kinds of insurance coverage and make financial investment with the Bank.
For entrepreneurs and organizational entities, RHB Bank is providing corporate banking facilities. They are able engage with the Bank either for investment banking or perhaps to make a business loan. In the event the consumers are interested, they may even subscribe to RHB Bank’s online cash management services.
These services are especially helpful for SMEs, as plenty of different types of services including loans can be made to gain more capital in their businesses. For e-commerce companies, retails solutions is going to be the most innovative and beneficial services they’re now able to subscribe.
Nonetheless, the demand for Islamic banking facilities has not been overlooked, specifically when there’s high demand for Syariah-compliant product or service in the Malaysian market. For that reason, the Bank makes sure that products which adhere to the Syariah requirement, which include Islamic wealth management services, Islamic treasury, corporate banking, and unit trust are made available.
In 2016, RHB Bank experienced a 24% annual brand value growth, which make them some of the leading players in Malaysia. Knowing full potential of the long term financial market, RHB Bank is prepared with more aggresive strategies in ensuring a steady increase of growth covering the next few years.