RHB is today one of the largest banks with integrated financial services in Malaysia. As they plan to further widen their market, RHB Bank has tapped into Brunei, Indonesia, Singapore, Laos, Vietnam as well as other countries within the SEA region. Knowing among the most effective way to compete is actually by giving extra value to customers, the Bank initiated a policy of offering multiple banking facilities to both individuals and corporation such as personal loan, investment, and SME banking.
RHB Bank to Inflate Growth Within SEA
Traditional Transaction & Internet Banking
Creation of savings or current account by individuals and corporations is certainly a necessity. To draw in smart consumers, the Bank has offered a very competitive interest rate account holders can take advantage of by only depositing money into their account. Given that they provide traditional transaction facilities through ATM and CDM, the Bank had also launched RHB Now, their internet banking services in promoting efficiency.
As the Bank sees the trend shift from the good old purchasing method with cash to online purchase, they understood that there is an increasing demand from customers for credit cards. Based on the data from surveys conducted that implies the public’s increasing acceptance towards online purchases, it really is indisputable that offering credit card solutions is amongst the main strategy RHB Bank ought to be pushing forward-and they did exactly that.
Here is where unique offering comes into the picture, as a range of advantages are provided to RHB Bank credit card subscribers, including cashback reward and numerous other value-added rewards that offers maximum return when the cardholder increases their usage.
RHB Bank is knowledgeable of the fact that having a savings account and credit card is inadequate to meet up with people’s financial needs. It’s very clear that generally, people need to apply for loans with the bank to buy high-valued assets, such as houses and automobiles. For that reason, RHB has made available a low-interest rate for many variations of loans. Customers who wish to go the extra mile are also able to subscribe for insurance plans and acquire unit trusts from RHB Group.
For companies and entrepreneurs, corporate banking facilities are made available. They are able to take the business loan or maybe even connect with RHB for corporate & investment banking. Intending to ensure that their products and services are one of the best, RHB, in addition, has offered online cash management and asset management services.
SMEs really can take advantage of the wide selection of services made available by RHB Bank, in particular when it involves taking loans to boost cash flow and further develop the business. The Bank furthermore has begun innovating by offering retail solutions to customers who need it, for example, e-commerce players.
Despite, the bank has not lost attention to Syariah-compliant financial instruments. This is actually mostly as a consequence of high demand by the public in Malaysia. Understanding that, 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.
A substantial 24 annual brand value growth happen to have been observed by the Bank in 2016, which places them among the top five domestic banking players. Seeing the future market growth potential, RHB Bank has equipped themselves with more rigorous and effective tactics to further boost their value and share of the market in the immediate future. Check the website now at https://www.rhbgroup.com/products-and-services/personal/investment/share-trading