RHB Bank: More Than Just Loans and Credit Cards
Presently, RHB Bank is among the forerunners of the financial sector in Malaysia. With the foundations set in Ten countries within SEA including Cambodia, Laos, Myanmar, Vietnam, and Thailand; RHB Group is confident to progress faster by providing banking facilities that can help both businesses and individuals in accordance with their respective needs. RHB Bank views this as one way to serve consumers better.
The creation of current or savings accounts by individuals and organizations is obviously a must. In order to attract smart consumers, RHB Bank has offered a very competitive interest rate customers will enjoy through depositing money into their accounts. As they definitely provide traditional transaction facilities through ATM and CDM, the Bank had also launched RHB Now, their online banking solutions to boost efficiency.
The shift from classic purchasing method using cash to cashless method has increased substantially the demand for credit cards. As proven beyond doubt in the reports from many studies conducted, the acceptance towards the e-payment method by the public is showing exponential growth. Hence, credit cards are becoming more popular as cardholders can really make an online purchase without any difficulty.
RHB Bank knows that it’s exceedingly important to lower the visible difference between supply and demand. Because of this, they have formulated an appealing credit card plan that offers value which includes cashback rewards that grows just as more transactions are made by cardholders consistently over time.
In spite of this, the Bank realizes that consumer banking is more than just about credit cards and savings. In these days, lots of people rely upon loans to purchase assets, however, getting a loan approval can be a complicated process. So, RHB Bank had made a flexible policy for the general public with minimum interest rates for many different types of loans. What’s more, personal financial investment, unit trust, and insurance plans are also made available.
For businessmen and organizational entities, RHB Bank is providing corporate banking facilities. They are able to engage with the Bank either for investment banking or even to make a business loan. If consumers are interested, they may even subscribe to RHB Bank’s online cash management services.
These facilities are especially ideal for small-medium enterprises, as lots of varieties of services including loans can be made to inject capital for their businesses. For e-commerce companies, retails solutions are going to be just about the most innovative and beneficial services they’ll be able to engage with.
Nonetheless, the demand for Islamic banking facilities has not been overlooked, especially when there’s a high demand for Syariah-compliant products in the Malaysian market. Therefore, the Bank makes sure products that satisfy the Syariah requirement, for example Islamic wealth management services, Islamic treasury, corporate banking, and even unit trust are made available.
In 2016, RHB Bank experienced a 24% annual brand value growth, making them one of the top five players in Malaysia. Knowing the full potential of the future financial market, RHB Bank is ready with a lot of aggresive strategies in ensuring a steady increase in growth within the next few years.