RHB is today among the list of the largest bank with integrated financial services in Malaysia. While they plan to further broaden their market, RHB Bank has tapped into Brunei, Indonesia, Singapore, Laos, Vietnam and some other countries in the South East Asia. With the knowledge that quite possibly the most efficient way to compete is simply by giving extra value to consumers, RHB group initiated a policy of offering multiple banking facilities to both individuals and organizations.
For Personal Needs: Credit Card, Deposit Accounts, Loans & More
Creating a savings account or else a current account happens to be staple yet underrated. In order to ensure that account holders may gain advantage the most from their savings, RHB Bank has offered more competitive interest rate as opposed to other institutions. Furthermore, they have already improved the transaction facilities by both adding more ATM and CDM machines in branches in addition to other designated locations combined with creating a web-based banking services platform, RHB Now for their customers.
As the Bank sees the shift of trend from the good old purchasing method using cash to online purchasing, they recognized that there’s also an increasing demand from customers for credit cards. Relying on the results of research conducted that implies the public’s increasing acceptance towards the online purchase, it is indisputable that offering credit card service online is one of the main approaches RHB Bank really should be pushing forward-and they did exactly that.
Here is where unique offering comes into the picture, as numerous advantages are provided to RHB Bank credit card subscribers, which include cash back reward as well as other value-added rewards that give maximum return given that the cardholder increases their usage.
RHB Bank is familiar with the idea that possessing a savings account and credit card is insufficient to satisfy an individual’s financial needs. It’s always obvious that commonly, people need to acquire personal loans with the bank to purchase high-valued assets, for instance, real estate and vehicles. Therefore, RHB has offered a low-interest rate for numerous different kinds of loans. Customers who wish to go the one step further may also subscribe for insurance packages and purchase unit trusts from RHB Bank.
Banking for Business: Loans, E-Commerce Facilities & More
For business proprietors and organizational entities, RHB Bank provides corporate banking facilities. They may engage with the Bank either for investment banking or perhaps to make a business loan. If the customers are interested, they even can sign up for RHB Bank’s online cash management services.
Small-medium enterprises are among those who are able to benefit from the most benefits. They are welcomed to obtain loans should capital injection is required while they scale their businesses. Additionally, RHB Bank even provides retails solutions to the appropriate customers, especially those in the e-commerce business.
Eyes on Islamic Banking
In spite of this, focus on the highly demanded Islamic banking facilities has never been an oversight. RHB Bank knows that there’s plenty of requests from the consumers to bring about Syariah-compliant financial instruments. In response to that, they’ve already set up wealth management, corporate banking, Islamic treasury, unit trust, and various types of other products and services that adhere to the Syariah guideline to the public.
In 2016, the Bank managed to boost the growth of their annual brand value by 24%, which automatically makes them the fourth fastest growing banking industry player in Malaysia. While they anticipate the upcoming year’s financial market potential, RHB Bank has begun strategizing to design more generative campaigns down the road.