RHB Bank to increase Expansion Within Southeast Asia Region
To date, RHB Bank is regarded as the main player in the Malaysian finance and banking industry. Trying to grow the horizon within the South East Asia region, they’ve laid their foundation in countries which include Brunei, Hong Kong, Indonesia, Laos, and Singapore. In guaranteeing that the corporation is scalable, RHB came out with a wide range of banking services to institutions and individuals for personal and commercial needs.
Essentially the most staple type of services a financial institution can offer has long been the cash deposit account and self-banking solutions. RHB Rank attracts consumers to set-up savings and current accounts by providing an above-average interest rate to be enjoyed by account holders. For the highest level of ease to withdraw and deposit money into the account, account holders can easily locate and use the nearby CDM & ATM machines deployed in branches along with other locations easily.
RHB Bank understands that more people make purchases online in comparison with using cash nowadays. Primarily based on the data collected, it is observed that more online users would rather make purchases by using credit cards. Subsequently, the Bank causes it to be a top priority to serve the potential consumers better by providing credit card services with impressive rewards. Intelligent customers who compare credit cards mindfully know that RHB’s interest rate is some of the lowest.
What’s more, as RHB sees the immediate need to come up with a good symmetry between demand and supply, they have developed a credit card plan that provides more rewards to the cardholders that will be enjoyed as they start to utilize it for either offline or online transactions.
Regardless, the Bank realizes that consumer banking goes past credit cards and savings. In recent times, most individuals rely on loans to purchase assets, however getting loan approval is usually a time-consuming process. So, RHB Bank had made a flexible scheme for individuals with minimal interest rates for quite a few different varieties of loans. Additionally, personal financial investment, unit trust, and also insurance plans are also made available.
For businesses, RHB Bank offers incomparable banking solutions. Application for commercial loans along with corporate and investment banking are amongst the many types of services made available. For interested partners, the may also sign up for the Bank’s asset management services.
SMEs can certainly utilize plenty of services offered by RHB Bank, especially when it comes to taking loans for increasing cash flow and further expand the business. RHB Group, in addition, has begun innovating by offering retail solutions to customers who need it, for instance, e-commerce players.
Then again, RHB Bank has not overlooked the demand for Islamic banking facilities. In Malaysia, Syariah-compliant products are highly demanded. Therefore, products or service which include wealth management, unit trust, Islamic treasury, and corporate banking are specially developed to guarantee that all business transactions adhere to the Syariah requirement.
The Bank’s annual brand value grew at the rate of 24% in 2016, and all this makes certain that they’re now in the top 5 leagues in Malaysia. For the exact purpose to maintain the similar growth rate over the next several years, RHB Bank will undoubtedly be deployed much more aggressive campaigns and tactics for the consumers.