RHB Bank All geared up to Take on the Southeast asia Financial Sector
At this point, RHB Bank is considered the leading players in the Malaysian finance and banking segment. Trying to grow the horizon within SEA, they’ve already laid their foundation in countries which include Brunei, Hong Kong, Indonesia, Laos, and Singapore. In making sure that the organisation is scalable, RHB brought out a range of banking services to companies and individuals for both personal and commercial needs such as RHB Joy@Work.
One of the most common yet elemental services offered to individuals is deposit account and self-banking services. With a competitive rate of interest and accessibility to ATM & CDM in the branches in addition to other strategic locations everywhere in Malaysia, customers can enjoy maximum savings return. At the same time, connect to their accounts for cash deposit and withdrawal effortlessly anytime.
RHB Bank has been monitoring the trend change in terms of purchase from using cash to the cashless method and witnessed that it triggered a higher interest in credit cards. Based on the information collected worldwide and nationwide, a lot of people prefer buying online by using a credit card every day. Hence, RHB made the precise move by making it easy for potential customers to apply for a credit card online and take advantage of a low-interest rate.
Feeling the importance to narrow the gap between demand and supply, RHB Bank goes further. Also, it has begun offering credit card solutions with a variety of benefits as compared to the other banks, which includes cashback reward for cardholders as they purchase more using a credit card.
Yet, the Bank is aware that consumer banking is more than just about credit cards and savings account. Nowadays, many people depend upon loans to make asset purchases, yet getting loan approval is often a painful process. So, RHB Bank had created a flexible program for individuals with a minimal interest rate for a lot of different kinds of loans. Moreover, personal financial investment, unit trust, as well as insurance policies, are also available.
For entrepreneurs and corporations, they can connect with RHB Bank for corporate banking facilities. Businesses may submit an application for business loans when they are interested, and they might also engage in some other type of corporate banking facilities. As some companies requested, RHB Bank now offers online cash management services.
SMEs can undoubtedly make use of the wide selection of services offered by RHB Bank, especially when it comes to taking loans for increasing cash flow and further buildup the business. RHB Bank has also begun innovating by providing retail solutions to customers who need it, that include e-commerce players.
However, RHB Bank still keeps its focal point on the highly-demanded Islamic banking facilities. This type of services is mainly demanded in countries like Malaysia. So, they’ve offered Islamic corporate banking, Islamic treasury, unit trust, and wealth management that is made available upon demand by either individuals or businesses.
A vast 24 annual brand value growth seems to have been seen by the Bank in 2016, which places them as amongst the top five domestic banking players. Seeing the long term market growth potential, RHB Bank has equipped themselves with more rigorous and effective tactics for RHB Joy@Work to grow further its value and market share shortly.