RHB Bank All geared up to Take on the Local Financial Industry
RHB Bank is one of the biggest integrated financial services group in Malaysia. Along with the vision to further expand its share of the market in the South East Asia region, they already have currently ventured into 10 countries which comprises of Brunei, Laos, Myanmar, Vietnam, and Singapore, to name a few. In order to make growth achievable, a wide selection of services are now provided to people to accommodate both personal and business needs.
Possibly the most staple sort of services a Bank offers is definitely the savings account and self-banking facilities. RHB Rank attracts consumers to create savings as well as current account by giving higher than average interest rate to be enjoyed by members. For the highest level of ease to withdraw and deposit money into the account, customers could easily locate and use the nearby ATM and CDM machines deployed in branches and other locations easily.
As the Bank sees the shift of trend from the good old purchasing method by cash to online purchase, they noticed that there’s an elevating demand from customers for credit cards. Counting on the data from research conducted that suggests the public’s increasing acceptance towards e-payment, it is actually undisputed that offering credit card services is amongst the main approach RHB Bank really needs to be pushing forward-and they did just that.
RHB Bank knows that it’s exceedingly important to reduce the gap between demand and supply. For this reason, they have formulated a unique credit card plan that gives value that include cashback rewards that gets larger just as more transactions are being made by cardholders over time.
Despite that, RHB Bank understands the fact that providing credit cards and savings accounts don’t seem to be enough. Presently, acquiring assets like cars and real estate would require lots of people to acquire a good loan scheme. Thus, RHB has reformulated their loan structure with the intention to give the lowest interest rate as is practicable for a good number of kinds of loans. Plus, insurance services, unit trust, as well as financial investment may also be made.
Shifting the main target to corporate customers, RHB Bank is in addition offering corporate banking solutions to entrepreneurs and organizations. These target customers are welcomed to obtain loans and also subscribe to the other solutions, that include asset management and cash management services.
It is obvious that SMEs are one of the customers which will possibly enjoy utmost return, particularly when it’s possible for them to make applications should extra cash is necessary to scale the business. Additionally, retails solutions tend to be available to SMEs who may need it.
Despite, the bank hasn’t ever lost focus on Syariah-compliant financial instruments. This really is largely as a consequence of increased demand by the general public in Malaysia. Having said that, banking facilities that follow the minimum Syariah requirement that include Islamic treasury, Islamic corporate banking, unit trust, and wealth management services are being introduced.
In 2016, the Bank managed to boost the growth of its annual brand value by 24%, which automatically makes them the 4th fastest growing banking industry player in Malaysia. As they quite simply anticipate the upcoming year’s financial market potential, RHB Bank has begun strategizing to develop more successful campaigns in the future.