RHB Bank to Expand Business expansion Within South East Asia Market
So far, RHB Bank is among the leading competitors in the Malaysian finance and banking segment. Intending to grow the horizon within SEA region, they’ve already laid their foundation in countries which include Brunei, Hong Kong, Indonesia, Laos, and Singapore. In ensuring that the business organisation is scalable, RHB introduced a vast selection of banking facilities such as commercial car insurance to business organisations and individuals for personal and commercial needs.
Having a savings account or else a current account happens to be stapled yet underrated. To make sure that account holders may gain advantage the most from their savings, RHB Bank has offered a highly competitive interest rate as opposed to other financial institutions. Additionally, they have improved the transaction facilities by both adding more ATM and CDM machines in branches coupled with other designated locations and creating an online banking services platform, RHB Now for their customers.
The shift from traditional purchasing method using cash to cashless process has increased the demand from customers for credit cards substantially. As verified in the data from many types of research conducted, the acceptance towards e-payment method from the public is showing exponential growth. Hence, credit cards are becoming more popular as cardholders may make purchases online without any difficulty.
RHB Bank knows that it’s fundamental to reduce the gap between supply and demand. Thus, they’ve formulated an exciting credit card scheme which provides value which includes cashback rewards that multiply when cardholders are increasingly making more transactions in the future.
For companies, RHB Bank can give an excellent banking solution. Application for commercial loans as well as corporate and investment banking are some of the great diversity of services made available. For interested partners, they can likewise sign up for the Bank’s asset management services.
Small-medium enterprises will surely take advantage of the plenty of services offered by RHB Bank, in particular when it involves taking loans to boost cash flow and further buildup the business. RHB also has begin innovating by providing retail solutions to customers who needs it, which can include e-commerce players.
Despite, the bank has never lost focus on Shariah-compliant financial instruments. This is primarily due to exceptional demand by the common public in Malaysia. Keeping that in mind, banking facilities that adhere to the minimum Syariah requirement that include Islamic treasury, Islamic corporate banking, unit trust, and wealth management services are being put forward.
RHB Bank has witnessed a 24% annual brand value increase in 2016, which automatically places them in the top five positions for banks in the local market. In anticipation of the expected market growth, the Bank has begun strategizing an increasingly proactive strategy such as commercial car insurance to keep its rate of growth steady for an extended period.