RHB Bank All geared up to Take on the Foreign and Local Financial Market
RHB is today amongst the largest bank with integrated financial services in Malaysia. Given that they plan to further increase the size of their market, RHB Bank has tapped into Brunei, Indonesia, Singapore, Laos, Vietnam plus some other countries within the South East Asia. Knowing among the most productive way to compete is by giving extra value to customers, rhb group has begun offering multiple banking facilities to both individuals and organisations.
Essentially the most staple type of services a financial institution provides is definitely the deposit account and self-banking solutions. RHB Group attracts consumers to create savings together with current account by offering higher than average interest rate to be enjoyed by customers. For maximum ease to withdraw and deposit money into the account, members can just locate and use the nearby CDM & ATM machines deployed in branches and various other locations easily.
The shift from standard purchasing method using cash to cashless method has increased substantially the market demand for credit cards. As proven through the data from many analysis conducted, the acceptance towards e-payment method from the public is showing rapid growth. Hence, credit cards are becoming more popular as card holders can certainly make online purchase easily.
What’s more, as RHB Group sees the immediate need to produce a good balance between supply and demand, they now have launched a credit card scheme that provides more advantage to the card holders that will be enjoyed when they utilize it for either offline or online transactions.
Despite that, RHB Bank recognizes the undeniable fact that offering credit cards and savings accounts usually are not enough. Presently, acquiring assets that include cars and houses requires most individuals to acquire a good loan scheme. Thus, RHB has reformulated their loan structure as a way to offer the lowest interest rate as is practicable for many kinds of loans. Plus, insurance services, unit trust, and also financial investment may also be made.
Shifting the attention to corporate customers, RHB Bank is additionally offering corporate banking solutions to entrepreneurs and organizations. These target consumers are welcomed to obtain loans and also subscribe to the other services, including asset management and cash management services.
SMEs really can benefit from the great deal of services made available by RHB Bank, in particular when it involves taking loans for increasing cashflow and further develop the business. The Bank has also begin innovating by offering retail solutions to those who needs it, for example , e-commerce players.
Despite this, focus on the highly demanded Islamic banking facilities has never been an oversight. RHB Bank witnesses that there is a large quantity of request from the public to bring about Syariah-compliant financial instruments. In response to that, they have lined up wealth management, corporate banking, Islamic treasury, unit trust, and different types of other offerings that adheres to the Syariah guideline for the public.
RHB Bank has witnessed a 24% annual brand value growth in 2016 which automatically places them in the top five position for banks in the local market. In anticipation to the upcoming market growth, the Bank has begun strategizing an increasingly proactive strategy to keep their growth rate steady for years to come.