RHB Bank: More Than Just Credit Cards and Loans
RHB is today among the list of largest bank with integrated financial services in Malaysia. While they plan to further increase the size of their market, RHB Bank has tapped into Brunei, Indonesia, Singapore, Laos, Vietnam as well as some other countries in the SEA region. Realising that by far the most effective way to compete is actually by giving extra value to consumers, the Bank has begun offering multiple banking facilities to both individuals and businesses.
One of the most staple form of services a Bank offers has long been the cover account and self-banking facilities. RHB Rank attracts customers to create savings as well as current account through providing above average interest rate to be enjoyed by members. For the highest level of ease to withdraw and deposit money into the account, account holders can simply locate and use the nearby CDM & ATM machines deployed in branches in addition to other locations easily.
RHB Bank is aware that more people make purchases online compared to using cash nowadays. According to the data collected, it is discovered that more online users would prefer to purchase using credit cards. Subsequently, the Bank causes it to be important to serve the prospects better by offering credit card facilities with impressive rewards. Diligent customers who compare credit cards very carefully knows that RHB’s interest rate is among the lowest.
Feeling the importance to narrow the gap between demand and supply, RHB Bank goes the extra mile and also has begun offering credit card solutions with many benefits in comparison with the other banks, which include cashback reward for card holders when they start to buy more using credit card.
Individuals will most often need more than credit cards and saving accounts, and RHB recognises that well. Now, many have struggled to obtain a loan to purchase assets which include homes & cars. And so, the Bank proceeded to bring about a financial loan plan that benefits both parties at the lowest interest rate for numerous loan types. In addition to that, individuals may be able to subscribe great diversity of insurance plan and make financial investment with the Bank.
Shifting the main focus to corporate customers, RHB Bank is also offering corporate banking solutions to entrepreneurs and organizations. These target customers are welcomed to get loans as well as sign up for the other services, for instance asset management and cash management services.
These types of services are especially beneficial for SMEs, as numerous kinds of services including loans can be made to gain more capital for their businesses. For e-commerce companies, retails solutions could well be one of the most innovative and beneficial services they may engage with.
Notwithstanding, the bank has never lost attention on Syariah-compliant financial instruments. This is often primarily due to increased demand by the the general public in Malaysia. Understanding that, banking facilities that adhere to the minimum Syariah requirement that include Islamic treasury, Islamic corporate banking, unit trust, and wealth management services are now being introduced.
The Bank’s annual brand value grew at the rate of 24% in 2016, and so this signifies that they’re in the top 5 league in Malaysia. With the aim to build and maintain the similar growth rate over the next several years, RHB Bank is actually deploying a much more aggresive campaigns and tactics for the consumers.