RHB Bank To Increase Financial Growth Within SEA Region

Posted on May 20, 2020Comments Off on RHB Bank To Increase Financial Growth Within SEA Region

RHB Bank: Much More Than Just Loans & Credit Cards

RHB is today amongst the largest bank with integrated financial services in Malaysia. As they plan to further increase the size of their market, RHB Bank has tapped into Brunei, Indonesia, Singapore, Laos, Vietnam as well as some other countries within the SEA. Acknowledging that perhaps the most efficient way to compete is simply by giving extra value to consumers, rhb bank has begun offering multiple banking facilities such as a personal loan to both individuals and businesses.

Possessing a savings account and a current account has long been staple yet underrated. To make sure account holders may benefit the most from their savings, RHB Bank has provided a very competitive interest rate in comparison to other financial institutions. Additionally, they’ve improved the banking facilities by both adding more ATM and CDM machines in branches and other designated locations as well as creating a web-based banking services platform, RHB Now for their consumers.

As the Bank witnesses the trend shift from the old purchasing method using cash to an online purchase, they observed that there’s also an increasing demand from customers for credit cards. Based on the outcome from an analysis conducted that represents the public’s increasing worldwide recognition towards the online purchase, it is undisputed that offering credit card service is regarded as the main approach RHB Bank needs to be pushing forward-and they did just that.

RHB

Feeling the importance to narrow the gap between supply and demand, RHB Bank goes the extra mile and also has begun offering credit card facilities with a multitude of benefits as opposed to other banks, which include cashback reward for cardholders as they start to buy more using a credit card.

RHB is aware that individuals demand more than just savings accounts and credit cards. When purchasing assets such as cars & homes, most individuals have been having difficulties to get their loan approved. For that reason, they have reformulated their banking services that provide nominal interest for the broad range of loans. Aside from that, unit trust, insurance, and personal financial investment might also be made with the Bank.

For entrepreneurs and enterprises, they can engage with RHB Bank for corporate banking facilities. Businesses may make an application for business loans if they are interested, and then they may also engage in some other sort of corporate banking facilities. As some businesses requested, RHB Bank now offers online cash management services.

Small-medium enterprises are one of the customers which would possibly enjoy maximum return, in particular when it’s possible for them to make applications should extra revenue is needed to scale the business. Additionally, retails solutions also are available to SMEs who might need it.

Despite this, the bank has not lost attention on Shariah-compliant financial instruments. This is principal because of the high demand by the customer in Malaysia. Having said that, banking facilities that adhere to the minimum Syariah requirement such as Islamic treasury, Islamic corporate banking, unit trust, and wealth management services are now being introduced.

RHB Bank has seen a 24% annual brand value increase in 2016 which automatically places them in the top 5 positions for banks in the country. In anticipation of the upcoming market growth, the Bank has started strategizing a more proactive strategy to keep its rate of growth steady for a long period.

RHB Malaysia helps you with your personal loan and financing so you can move one step closer to your goals with benefits and easy monthly repayment methods.

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