As we speak of RHB, we know that they are now among the leading banks in Malaysia. Comprehending the potential of foreign markets with South East Asia, they have expanded their horizon and entered Hong Kong, Laos, Cambodia, Myanmar, Thailand, and several other countries. Feeling the necessity to provide additional value, RHB Bank initiated a policy to offer numerous kinds of financial services to firms and individuals such as currency exchange, loans and credit card.
Possessing a savings account or else a current account has long been staple yet underrated. In order to ensure account holders may benefit the most from their savings, RHB Bank has offered highly competitive interest rate in contrast with other banking institutions. Plus, they also have improved the banking facilities by both adding more ATM and CDM machines in branches and other designated locations and creating an online banking services platform, RHB Now for their customers.
The shift from traditional purchasing method using cash to cashless method has also increased the demand for credit card. As verified in the statistics from many researches conducted, the acceptance towards e-payment method from the public is showing exponential growth. Hence, credit cards are rising in popularity as card holders makes purchases online without any difficulty.
Knowing there’s also an urgent need to minimize the gap between demand and supply, the Bank took an extra step of progress to provide value-added credit card plan that gives cashback and lots of other benefits the account holder can take advantage of whilst they move forward.
Then again, the Bank realises that consumer banking surpasses credit cards and savings account. Today, the majority of folks depend upon loans to buy asset, nonetheless getting loans approved can sometimes be a challenging process. So, RHB Bank had developed a flexible program for the public with minimum interest rate for a lot of different varieties of loans. Also, personal financial investment, unit trust, as well as insurance services are also made available.
Corporate Banking Solutions
Shifting the main focus to corporate customers, RHB Bank is in addition offering corporate banking solutions to entrepreneurs and organizations. These target prospects are welcomed to obtain loans as well as subscribe to the other services, for instance asset management and cash management services.
There certainly is one special group of customers that could reap out the most advantages of this: the SMEs. The services provided by RHB Bank will likely make it possible for these business owners to gain more capital to expand their business through making loan application. Alternately, SMEs within the e-commerce industry could also subscribe to RHB’s trusted retail solutions.
Nonetheless, the need for Islamic banking facilities hasn’t ever been overlooked, particularly when there is popular demand for Syariah-compliant services and products in the Malaysian market. Therefore, the Bank ensures that products which observe the Syariah requirement, which includes Islamic wealth management services, Islamic treasury, corporate banking, or even unit trust are offered.
A tremendous 24 annual brand value growth happen to have been seen by the Bank in 2016, which places them as amongst the five top domestic banking players. Seeing the future market growth potential, RHB Bank has equipped themselves with a more rigorous and effective tactics to further boost their value and share of the market in the time to come.