RHB Bank’s Banking Solutions: Credit Card and Many More
RHB is today said to be the largest bank with integrated financial services in Malaysia. As they plan to further grow its market, RHB Bank has tapped into Brunei, Indonesia, Singapore, Laos, Vietnam as well as other countries in the SEA region. Acknowledging that the single most effective way to compete is by giving extra value to the consumers, rhb bank has started offering multiple banking facilities to both individuals and small businesses.
Setting up savings or current accounts by individuals and companies is unquestionably vital. To bring in smart consumers, RHB has offered a highly competitive interest rate customers can take advantage of by depositing money into their respective accounts. While they provide traditional transaction facilities through ATM and CDM, the Bank had also launched RHB Now, their internet banking services to increase efficiency.
As the Bank sees the change of trend from the old purchasing method using cash to online purchasing, they found that there’s an escalating demand for credit cards. Counting on the results from an analysis conducted that suggests the public’s increasing worldwide recognition towards online purchases, it’s indisputable that offering credit card solutions has become the main approach RHB Bank really needs to be pushing forward-and they did exactly that.
Feeling the importance to narrow the gap between supply and demand, RHB Bank goes the extra mile and has begun offering credit card facilities with an array of benefits in comparison to the other banks, such as cashback reward for cardholders when they purchase more using a credit card.
RHB Bank is familiar with the reality that setting up a savings account and credit card is inadequate to meet up with a person’s financial needs. It truly is obvious that normally, individuals need to acquire loans with the bank to buy high-valued assets, like homes and cars. Hence, RHB has made available a low-interest rate for a lot of different types of loans. Customers who want to go the one step further could also subscribe to insurance coverage and buy unit trusts from RHB.
Shifting the focus to corporate customers, RHB Bank is additionally offering corporate banking solutions to entrepreneurs and organizations. These target consumers are welcomed to get loans and even register for the other products, which includes asset management and cash management services.
It is clear that small-medium enterprises are one of the customers that might possibly enjoy maximum return, in particular when it’s possible for them to make an application to obtain a loan should extra revenue is necessary to scale the business. Additionally, retails solutions are likewise offered to SMEs who may need it.
In spite of this, focus on the highly demanded Islamic banking facilities hasn’t ever been an oversight. RHB Bank is aware that there’s plenty of requests from the public to produce Syariah-compliant financial instruments. As a result of that, they’ve lined up wealth management, corporate banking, Islamic treasury, unit trust, and various types of other offerings that adheres to the Syariah guideline for the public.
In 2016, RHB Bank experienced a 24% annual brand value growth, which makes them among the list of leading players in Malaysia. Knowing the full potential of the future financial market, RHB Bank is ready with a lot of aggressive strategies in ensuring a constant increase in growth covering the years to come.