RHB Bank’s Products and Services: Credit Cards and More
RHB is today among the largest bank with integrated financial services in Malaysia. Given that they plan to further expand its market, RHB Bank has tapped into Brunei, Indonesia, Singapore, Laos, Vietnam and some other countries within South East Asia. Bearing that in mind by far the most effective way to compete is by giving extra value to customers, rhb has begun offering multiple banking facilities to both individuals and firms.
Quite possibly the most staple sort of services a financial institution offers is without question the cash deposit account and self-banking services. RHB attracts the public to set-up savings together with the current account by offering higher than average interest rates to be enjoyed by members. For the most ease to withdraw and deposit money into the account, members can just locate and use the nearby CDM and ATM machines deployed in branches along with other locations easily.
RHB Bank witnesses that more people makes purchases online as compared to using cash nowadays. Primarily based on the data collected, it is observed that more online users choose to buy things by making use of credit cards. Due to this fact, the Bank causes it to become a high priority to serve potential customers better by offering credit card services with marvelous rewards. Diligent customers who compare credit cards cautiously know that RHB’s interest rate is among the lowest.
Here is where unique offering comes into the picture, as a variety of advantages are provided to RHB Bank credit card subscribers, which includes cashback reward and a lot of other value-added rewards that give maximum return given that the cardholder uses the card more frequently.
For entrepreneurs and organizational entities, RHB Bank offers corporate banking facilities. They are able to engage with the Bank either for investment banking or perhaps to make business loans. If the customers are interested, they even can subscribe to RHB Bank’s online cash management services.
It is evident that small-medium enterprises are some of the customers that could possibly enjoy maximum return, in particular when it’s possible for them to make loan applications should extra revenue is needed to scale the business. Additionally, retails solutions are additionally provided to SMEs who might need it.
Notwithstanding, the bank never lost focus on Syariah-compliant financial instruments. This really is mostly because of great demand by the common public in Malaysia. Keeping that in mind, banking facilities that follow the minimum Syariah requirement such as Islamic treasury, Islamic corporate banking, unit trust, and wealth management services are now being put forward.
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 nation. In anticipation of the upcoming market growth, the Bank has begun strategizing a more proactive approach to keep its growth rate steady for years to come.