RHB Bank Ready to Dominate the South East Asia Financial Industry
Speaking of RHB, we know that they’re now one of the leading banks in Malaysia. Recognising the potential of foreign markets with South East Asia, the company has expanded its horizon and entered Hong Kong, Laos, Cambodia, Myanmar, Thailand, and several other countries. Feeling the need to provide extra value, RHB Bank has begun to offer numerous kinds of financial services as a fixed deposit to firms and individuals.
Creation of current or savings account by individuals and corporations is unquestionably a must. To bring in smart consumers, the Bank has offered a highly competitive interest rate customers can enjoy simply by depositing money into their accounts. As they quite simply provide traditional transaction facility through ATM and CDM, the Bank had also launched RHB Now, their online banking services to boost efficiency.
RHB Bank recognises that more people tend to make purchases online compared to using cash nowadays. As per the data collected, it is found that more web users would instead buy things using credit cards. Subsequently, the Bank causes it to become a priority to serve the customers better by providing credit card facilities with marvellous rewards. Intelligent customers who compare credit cards mindfully would know that RHB’s interest rate is amongst the lowest.
This is where unique offering comes into the picture, as various sorts of advantages are offered to RHB Bank credit cardholders, which include cashback reward and quite a few other value-added awards that give higher return given that the holder spends more.
Despite that, RHB Bank recognises the reality that promoting credit cards and savings accounts don’t seem to be enough. Presently, acquiring assets which include cars and properties will require most of us to apply for a decent loan scheme. Thus, RHB has reformulated its loan structure to give the lowest interest rate as is practicable for many different types of loans. Plus, insurance services, unit trust, along with financial investment, can also be made.
For business entities, RHB Bank is offering an exclusive banking solution. Application for business loans and also corporate and investment banking are amongst the various types of services provided. For interested partners, they can likewise subscribe to the Bank’s asset management services.
SMEs really can leverage the wide selection of services made available by RHB Bank, in particular when it comes to taking loans to boost cash flow and further develop the business. RHB furthermore has begin innovating by providing retail solutions to consumers that needs it, that include e-commerce players.
Then again, RHB Bank hasn’t overlooked the demand for Islamic banking facilities. In Malaysia, Syariah-compliant product or service are highly demanded. Therefore, products or services, which includes wealth management, unit trust, Islamic treasury, and corporate banking, are particularly formulated to make sure that all transactions adhere to the Syariah requirement.
RHB Bank has seen a 24% annual brand value growth in 2016, which automatically places them within the top five positions for banks in the country. In anticipation of the expected market growth, the Bank has started strategising a more proactive approach for fixed deposit to keep its rate of growth steady for an extended period.