RHB Bank to Expand Growth Within SEA
Up to date, RHB Bank is regarded as the main player in the Malaysian finance and banking niche. Looking to grow the horizon within the SEA region, they have laid their foundation in countries which include Brunei, Hong Kong, Indonesia, Laos, and Singapore. In guaranteeing that the company is scalable, RHB introduced an assortment of banking services to businesses and individuals for both personal and commercial needs.
Probably the most common yet elemental services provided to individuals are deposit account and self-banking services. With a competitive rate of interest and accessibility of CDM and ATM in the bank branches and other strategic locations across Malaysia, customers can take advantage of maximum savings return while at the same time connect to their bank account for deposit and withdrawal effortlessly anytime.
The shift from classic purchasing method using cash to cashless method has also increased the demand for credit cards. As proven in the reports from many analyses conducted, the acceptance towards the e-payment method by the public is showing dramatic growth. Hence, credit cards are becoming popular as cardholders can certainly make online purchases without difficulty.
RHB Bank knows that it is critical to lower the visible difference between supply and demand. For this reason, they also have formulated an interesting credit card plan which provides value such as cashback rewards that gets larger as more transactions are increasingly being made by cardholders consistently over time.
Individuals will usually require more than credit cards and savings accounts, and RHB knows that well. Today, many have struggled to get a loan to acquire assets like homes & cars. And so, the Bank started to create a personal loan structure that benefits both sides with the lowest interest rate for quite a few loan types. Besides, individuals may be able to subscribe to various kinds of insurance plans and make financial investments together with the Bank.
For entrepreneurs and corporate organizations, they could connect with RHB Bank for corporate banking facilities. Businesses may make an application for business loans when they are interested, and then they also can engage in some other sort of corporate banking facilities. As some businesses requested, RHB Bank even offers online cash management services.
There is one special category of customers which could reap out the most advantages of this: the SMEs. The services made available by RHB Bank can really make it possible for them to get more capital to develop their business by making application for the loan. Additionally, SMEs within the e-commerce industry also can subscribe to RHB’s reliable retail solutions.
Notwithstanding, the bank never lost focus on Syariah-compliant financial instruments. This is certainly principally due to increased demand by the public in Malaysia. That being said, banking facilities that adhere to the minimum Syariah requirement which include Islamic treasury, Islamic corporate banking, unit trust, and wealth management services are now being introduced.
RHB Bank has seen a 24% annual brand value increase in 2016 which automatically places them within the top five positions for banks in the local market. In anticipation of the upcoming market growth, the Bank has begun strategizing a more proactive approach to keep its rate of growth steady for years to come.