RHB Bank to inflate Business expansion Within South East Asia Region
Presently, RHB Bank is among the forerunners of the financial sector in Malaysia. Having the foundations set in Ten countries within South East Asia which includes Cambodia, Laos, Myanmar, Vietnam, and Thailand; RHB Bank is confident to expand faster by offering banking facilities which will help both individuals and businesses following their individual needs. RHB Bank, with medical insurance, views this as a way to serve their customers better.
Individuals and corporations have the freedom to open their savings and current account with RHB Bank conveniently and enjoy a highly competitive interest rate as they transfer money into their accounts. If they want to make any transactions online, they’re now able to use the online banking services, RHB Now easily. For conventional operations, they could access the ATM & CDM machines and also any MEPS ATM quickly for withdrawal.
As the Bank sees the trend shift from the old purchasing method by cash to an online purchase, they recognized that there’s also escalating demand for credit cards. Counting on the outcome from research conducted that suggests the public’s increasing acceptance towards an online purchase, it is proven that offering credit card services is regarded as the first approach RHB Bank should be pushing forward-and they did just that.
This is when unique offering comes into the picture, as many different advantages are offered to RHB Bank credit card subscribers, that include cashback reward and a lot of other value-added rewards which offers higher return when the cardholder uses the card more frequently.
Despite that, RHB Bank realizes the fact that providing credit cards and savings accounts typically are not enough. Presently, acquiring assets like cars and property requires many individuals to apply for a good loan scheme. Thus, RHB has reformulated its loan structure to be able to give the lowest interest rate possible for quite a few kinds of loans. Plus, insurance services, unit trust, and even financial investment can also be made.
Shifting the focus to corporate customers, RHB Bank is also offering corporate banking solutions to entrepreneurs and organizations. These target prospects are welcomed to apply for loans and also subscribe to the other services, that include asset management and cash management services.
Small-medium enterprises are among the customers, which may enjoy the most benefit, especially when it is now possible for them to make applications should extra cash is needed to scale the business. Additionally, retails solutions are additionally offered to SMEs who may need it.
Notwithstanding, the bank has not lost attention on Shariah-compliant financial instruments. This is often principally as a consequence of high demand by the general public in Malaysia. It knows that banking facilities that adhere to the minimum Syariah requirement such as Islamic treasury, Islamic corporate banking, unit trust, and wealth management services are being put forward.
RHB Bank has seen a 24% annual brand value growth in 2016, which automatically places them in the top 5 positions for banks in the local market. In anticipation of the expected market growth, the Bank has begun strategizing a much more proactive approach for medical insurance to keep its rate of growth steady for many years.