RHB Bank Preparing To Dominate The National Financial Market

RHB Bank All geared up to Take control of the Southeast Asia Financial Segment

RHB is today amongst the largest bank with integrated financial services in Malaysia. Given that they plan to further extend their market, RHB Bank has tapped into Brunei, Indonesia, Singapore, Laos, Vietnam and some other countries within the SEA. Recognizing that among the most effective way to compete is actually by giving extra value to the consumers, the Bank initiated a policy of offering multiple banking facilities to both individuals and corporations such as commercial car insurance.

Creation of current or savings account by individuals and corporations will always be indispensable. To attract smart consumers, RHB has offered a highly competitive interest rate customers can take advantage of merely by depositing money in their accounts. As they provide traditional transaction facility through ATM and CDM, the Bank had also launched RHB Now, their online banking facilities to boost efficiency.

As the Bank witnesses the trend shift from the good old purchasing method by cash to an online purchase, they found that there’s also an escalating market demand for credit cards. Based on the outcome from research conducted that denotes the public’s increasing acceptance towards online payment, it’s undisputed that offering credit card solutions has become the main strategy RHB Bank needs to be pushing forward-and they did exactly that.

RHB Bank

Also, as the Bank sees the urgent need to create a good balance between supply and demand, they have developed a credit card plan that offers special benefits to the cardholders which could be enjoyed whilst they use it for either offline or online transactions.

For entrepreneurs and companies, they’re now able to engage with RHB Bank for corporate banking facilities. Businesses may apply for commercial loans if they’re interested, and then they can likewise engage in other types of corporate banking facilities. As some businesses requested, RHB Bank now offers online cash management services.

There exists one special group of customers which could reap out the most advantages of this: the SMEs. The services made available by RHB Bank can certainly make it possible for them to get more capital to develop their business by making application for the loan. Meanwhile, SMEs within the e-commerce industry can likewise sign up for RHB’s trusted retail solutions.

Despite this, RHB Bank hasn’t overlooked the need for Islamic banking facilities. In Malaysia, Syariah-compliant offerings are highly demanded. Therefore, product or service which includes wealth management, unit trust, Islamic treasury, and corporate banking are specially developed to guarantee that all transactions follow the Syariah requirement.

In 2016, RHB Bank has observed a 24% annual brand value growth, leading them to be among the list of 5 top players in Malaysia. Knowing the full potential of the future financial market, RHB Bank is prepared with a lot of aggressive strategies such as commercial car insurance in ensuring a regular increase in growth across the next several years.