RHB Bank Preparing To Take On The Local Financial Sector
RHB Bank today is one of the biggest integrated financial services group in Malaysia. With the vision to further maximize its market share within the SEA region, they have already thus far ventured into 10 countries which cover Brunei, Laos, Myanmar, Vietnam, and Singapore, to name a few. To be able to make growth achievable, a wide variety of products such as housing loan continues to be offered to consumers to provide for both business and personal needs.
Possessing a savings account or even a current account happens to be stapled yet underrated. To make certain that account holders will benefit the most from their savings, RHB Bank has offered a highly competitive interest rate in comparison with other banks. Furthermore, the company has improved the transaction facilities by both adding more ATM and CDM machines in branches as well as other designated locations combined with creating an internet-based banking services platform, RHB Now for their customers.
The shift from the traditional purchasing method using cash to cashless methods has increased substantially the demand for credit cards. As proven beyond doubt in the statistics from many analyses conducted, the acceptance towards the e-payment method from the public is showing rapid growth. Hence, credit cards are gaining popularity as cardholders can make purchases online very easily.
RHB Bank is aware that it is very important to reduce the gap between supply and demand. Hence, they also have formulated a unique credit card scheme that provides value that includes cashback rewards that grow as more transactions are made by cardholders gradually.
RHB knows that individuals demand more than simple savings accounts and credit cards. When purchasing assets such as homes and cars, a lot of people happen to be having difficulties to get their loan approved. So, they have reformulated their financing services that offer very low interest to get a variety of bank loan. Moreover, unit trust, insurance, and personal financial investment could also be made with the Bank.
Shifting the focus to corporate customers, RHB Bank is also offering corporate banking solutions to entrepreneurs and organizations. These target prospects are welcomed to get loans as well as register for the other products and services, for example, asset management and cash management services.
These services are especially ideal for small-medium enterprises, as numerous different types of services including loans can be made to gain more capital in their businesses. For e-commerce business proprietors, retails solutions would certainly be one of the most innovative and beneficial services they’ll be able to subscribe to.
However, RHB Bank still keeps its interest in the highly-demanded Islamic banking facilities. This type of product is especially demanded in countries like Malaysia. So, they have offered Islamic corporate banking, Islamic treasury, unit trust, and wealth management that is offered upon demand by either individuals or businesses.
The Bank’s annual brand value grew at the rate of 24% in 2016, and all this signifies that they’re now in the top 5 leagues in Malaysia. For the exact purpose to sustain a similar rate of growth over the years to come, RHB Bank is deploying more aggressive campaigns for housing loans and tactics for the customers.