RHB Bank’s Banking Solutions: Credit Card & More
RHB Bank: Much More Than Just Credit Cards and Loans
RHB is today said to be the largest bank with integrated financial services in Malaysia. Given that they plan to further increase the size of their market, RHB Bank has tapped into Brunei, Indonesia, Singapore, Laos, Vietnam plus some other countries in the SEA. With the knowledge that quite possibly the most effective way to compete is simply by giving extra value to customers, rhb bank has started offering multiple banking facilities to both individuals and firms.
Creation of current or savings account by individuals and organizations is without a doubt a necessity. To attract smart consumers, RHB Bank has offered a viable interest rate customers can enjoy by merely depositing money into their account. As they definitely provide traditional transaction facilties through ATM and CDM, the Bank had also launched RHB Now, their online banking services to boost efficiency.
The shift from standard purchasing method using cash to cashless methodhas increased substantially the demand from customers for credit cards. As proven in the data from many researches conducted, the acceptance towards e-payment method by the public is showing rapid growth. Hence, credit cards are rising in popularity as card holders can make online purchase with no trouble.
Furthermore, as the Bank sees the immediate need to produce a good sense of balance between supply and demand, they’ve launched a credit card scheme which gives more reward to the card holders that could be enjoyed when they start to utilize it for either offline or online transactions.
Individuals will in general demand more than credit cards and saving accounts, and RHB knows that well. At the moment, many have struggled to get a loan to buy assets that include homes & cars. Thus, the Bank proceeded to put together a loan scheme that benefits either side at the lowest interest rate for different loan types. Additionally, individuals are also able to subscribe various insurance coverage and make financial investment together with the Bank.
Shifting the main focus to corporate customers, RHB Bank is furthermore offering corporate banking solutions to entrepreneurs and organizations. These target consumers are welcomed to get loans and register for the other solutions, which includes asset management and cash management services.
These services are especially beneficial for small-medium enterprises, as many different kinds of services including loans can be made to gain more capital in their businesses. For e-commerce business proprietors, retails solutions is going to be one of the most innovative and beneficial services they may subscribe to.
Nonetheless, RHB Bank still keeps its focal point on the highly-demanded Islamic banking facilities. This form of services are especially demanded in countries like Malaysia. So, they have offered Islamic corporate banking, Islamic treasury, unit trust, and wealth management that is provided upon demand by either individuals or corporations.
In 2016, the Bank had been able to expand the growth of its annual brand value by 24%, which automatically makes them the 4th fastest growing banking industry player in Malaysia. Whilst they anticipate the upcoming year’s financial market potential, RHB Bank has started strategizing to produce more impactful campaigns in the foreseeable future.