RHB Bank to Expand Expansion Within Southeast Asia Region
RHB Bank is at present one of the primary integrated financial services group in Malaysia. With a vision to further boost its business within the SEA region, the company has to date ventured into 10 countries which comprise Brunei, Laos, Myanmar, Vietnam, and Singapore, and more. In order to make expansion achievable, a wide range of solutions have already been offered to people to cater to both the business and personal needs.
Setting up savings or current accounts by individuals and companies is without a doubt a must. To bring in smart consumers, RHB Bank has offered a competitive interest rate members will enjoy by merely depositing money into their accounts. As they definitely provide traditional transaction facilities through ATM and CDM, the Bank had also launched RHB Now, their online banking solutions to increase efficiency.
Not only this, but RHB also adopts digital transformation and has now observed that it resulted in growing demand from customers for credit cards. As research has revealed that more people tend to shop and perform the transaction online nowadays, RHB Bank has made it possible for consumers to apply for a credit card online. The Bank is confident with its offering that they even urge customers to do a comparison of credit card interest rates prior to making any commitment.
Knowing there is an urgent need to minimize the gap between demand and supply, the Bank took a further step forward to provide a value-added credit card plan that gives cashback as well as other benefits the account holder can also enjoy when they use it.
RHB knows that individuals need more than savings accounts and credit cards. When buying assets which include homes and cars, most people are generally having problems to get their loan approved. And so, RHB reformulated their personal financing facilities that provide very low interest to get a wide variety of loans. In addition, unit trust, insurance, and personal financial investment could also be made with the Bank.
For businesses, RHB Bank is providing unique banking solutions. Application for business loans and also corporate and investment banking are one of the numbers of services offered. For interested partners, the can even sign up for the Bank’s asset management services.
These facilities are especially good for small-medium enterprises, as numerous types of services including loans can be made to inject capital in their businesses. For e-commerce businesses, retails solutions is definitely the most innovative and beneficial services they may engage with.
Despite this, the bank has not lost focus on Syariah-compliant financial instruments. This really is typically due to great demand by the common public in Malaysia. Understanding that, banking facilities that adhere to the minimum Syariah requirement which includes Islamic treasury, Islamic corporate banking, unit trust, and wealth management services are increasingly being introduced.
The Bank’s annual brand value grew at a rate of 24% in 2016, which shows that they are in the top 5 leagues in Malaysia. For the exact purpose to continue to keep the comparable rate of growth across the next several years, RHB Bank is deploying significantly more aggressive campaigns and tactics for the customers.