RHB Bank Prepared to Take control of the Domestic Financial Markets
To date, RHB Bank is among the main competitors in the Malaysian finance and banking segment. Desiring to grow the horizon within South East Asia, the company has laid its foundation in countries which include Brunei, Hong Kong, Indonesia, Laos, and Singapore. In making certain that the organization is scalable, RHB introduced a multitude of banking services to organizations and individuals for personal and commercial needs.
The creation of current or savings accounts by individuals and organizations is certainly indispensable. To draw in smart consumers, RHB has offered a competitive interest rate members will enjoy through depositing money in their account. As they definitely provide traditional transaction facilities through ATM and CDM, the Bank had also launched RHB Now, their internet banking services to improve efficiency.
The shift from the traditional purchasing method using cash to cashless methods has increased substantially the market demand for credit cards. As validated through the data from many studies conducted, the acceptance towards the e-payment method from the public is showing dramatic growth. Hence, credit cards are becoming more popular as cardholders may make purchases online without hassles.
Furthermore, as RHB Group sees the immediate need to formulate a good symmetry between supply and demand, they now have launched a credit card scheme which gives additional benefits to the cardholders which could be enjoyed as they start to use it for either offline or online transactions.
Individuals will more often than not need more than credit cards and saving accounts, and RHB is aware that well. Presently, many have struggled to obtain a loan to buy assets like homes & cars. So, the Bank went on to put together a loan scheme that benefits each party with the lowest interest rate for a number of loan types. In addition to that, individuals might also subscribe to the great diversity of insurance policies and make a financial investment with the Bank.
Shifting the main target to corporate customers, RHB Bank is also offering corporate banking solutions to entrepreneurs and organizations. These target prospects are welcomed to obtain loans as well as register for the other offerings, which include asset management and cash management services.
These solutions are especially good for SMEs, as numerous kinds of services including loans can be made to gain more capital for their businesses. For e-commerce businesses, retails solutions could well be among the most innovative and beneficial services they’re able to engage with.
Yet, RHB Bank has never overlooked the demand for Islamic banking facilities. In Malaysia, Syariah-compliant offerings are highly demanded. Therefore, products or services including wealth management, unit trust, Islamic treasury, and corporate banking are particularly developed to guarantee that all transactions follow the Syariah requirement.
RHB Bank has seen a 24% annual brand value increase in 2016 which automatically places them within the top 5 positions for banks in the nation. In anticipation of the upcoming market growth, the Bank has begun strategizing a much more proactive strategy to keep its growth rate steady for several years.