RHB Bank Getting ready to Dominate the Local & Foreign Financial Industry
Thus far, RHB Bank is considered the main player in the Malaysian finance and banking niche. Progressing to grow the horizon within the SEA region, the company has laid its foundation in countries including Brunei, Hong Kong, Indonesia, Laos, and Singapore. In ensuring that the business is scalable, RHB brought out an assortment of banking facilities to corporations and individuals for both personal and commercial needs.
One of the common yet fundamental services on the market to individuals is deposit account and self-banking services. With competitive interest rate and availability of Automated Teller Machine & Cash Deposit Machine in the bank branches together with other strategic locations all over Malaysia, account holders can also enjoy maximum savings return while at the same time have access to their accounts for deposit and withdrawal conveniently anytime.
Not just this, RHB also adopts digital transformation and it has observed that it led to rising demand for credit cards. As studies show more and more people have a tendency to shop and make transactions online nowadays, RHB Bank has made it entirely possible for consumers to apply for a credit card online. The Bank is more comfortable with its offering that they even urge customers to compare credit card interest rates before making any commitment.
Knowing there’s an urgent need to close the gap between demand and supply, the Bank took yet another leap forward to offer a value-added credit card plan that gives cashback and quite a few other benefits the account holder can take advantage of whilst they go along the way.
However, the Bank realizes that consumer banking is more than credit cards and savings accounts. These days, most of us depend upon loans to make asset purchases, yet getting loans approved is usually a time-consuming process. So, RHB Bank had developed a flexible plan for the public with a minimum interest rate for many different kinds of loans. Plus, personal financial investment, unit trust, and also car insurance coverage services are also offered.
For enterprisers and organizational entities, RHB Bank provides corporate banking facilities. They’re now able to engage with the Bank either for investment banking or perhaps to make a business loan. Should the customers are interested, they even can subscribe to RHB Bank’s online cash management services.
There exists one special class of customers which could reap the most advantages of this: the SMEs. The services offered by RHB Bank will help make it possible for them to gain more capital to grow their business by making an application for the loan. Additionally, SMEs in the e-commerce industry may also subscribe to RHB’s trusted retail solutions.
Notwithstanding, the bank has not lost focus on Syariah-compliant financial instruments. This is definitely largely due to high demand by the customer in Malaysia. Keeping that in mind, banking facilities that follow the minimum Syariah requirement such as Islamic treasury, Islamic corporate banking, unit trust, and wealth management services are increasingly being put forward.
In 2016, RHB Bank has observed a 24% annual brand value growth, leading them to be one of the top 5 players in Malaysia. Knowing the full potential of the forthcoming financial market, RHB Bank is prepared with a lot more aggressive strategies in ensuring a stable increase of growth within the years to come.