RHB Bank: More Than Just Credit Cards & Loans

November 7, 2019 /

RHB Bank: More Than Just Loans and Credit Cards

RHB Bank today is one of the primary integrated financial services group in Malaysia. Having the vision to further maximize its business in the SEA region, they have already thus far ventured into 10 countries which comprise of Brunei, Laos, Myanmar, Vietnam, and Singapore, amongst others. To make expansion possible, a wide range of products and services have been provided to consumers to provide for both the personal and business needs.

Creating a savings account or a current account happens to be stapled yet underrated. In order to make certain that account holders will benefit the most from their savings, RHB Bank has provided a very competitive interest rate as opposed to other institutions. Additionally, they’ve already improved the transaction facilities by both adding more ATM and CDM machines in branches coupled with other designated locations and also creating an internet-based banking services platform, RHB Now for their customers.

RHB Bank has been monitoring the trend shift with regard to purchasing from using cash too without cash and has seen that it contributed to a greater demand for credit cards. According to the data collected worldwide and nationwide, many people seem to prefer buying online using a credit card every day. Hence, RHB made the best move by making it very easy for potential consumers to apply for credit cards online and take pleasure from a low-interest rate.

RHB Bank

Knowing there’s also an urgent need to minimize the gap between supply and demand, the Bank took a further leap forward to provide a value-added credit card scheme that gives cashback and quite a few other benefits the account holder can enjoy whilst they go along the way.

Despite that, RHB Bank realizes the reality that offering credit cards and savings accounts commonly are not enough. Presently, acquiring assets like cars and homes will require lots of people to apply for a good loan scheme. Thus, RHB has reformulated its loan structure with the intention to offer the lowest interest rate as is practicable for many different types of loans. Plus, insurance services, unit trust, and also the financial investment can also be made.

For entrepreneurs and corporations, they’ll be able to engage with RHB Bank for corporate banking facilities. Businesses may apply for business loans when they are interested, plus they may also engage in some other sort of corporate banking facilities. As some businesses requested, RHB Bank also offers online cash management services.

There’s one special class of customers which might reap the most benefits from this: the SMEs. The services offered by RHB Bank is likely to make it possible for them to get more capital to develop their business by making a loan application. Alternatively, SMEs within the e-commerce industry might also subscribe to RHB’s reliable retail solutions.

Nonetheless, RHB Bank still keeps its focus on the highly-demanded Islamic banking facilities. This kind of product is especially demanded in countries like Malaysia. So, they’ve offered Islamic corporate banking, Islamic treasury, unit trust, and wealth management that is made available upon demand by either individuals or businesses.

The Bank’s annual brand value grew at the rate of 24% in 2016, and that makes certain that they are in the top five leagues in Malaysia. With the aim to build and maintain a similar rate of growth over the next several years, RHB Bank is deploying significantly more aggressive campaigns and tactics for the customers.