RHB Bank Ready to Take on the Local Financial Sector
RHB is today said to be the largest bank with integrated financial services in Malaysia. As they start to plan to further extend their market, RHB Bank has tapped into Brunei, Indonesia, Singapore, Laos, Vietnam plus some other countries within the SEA. Realizing that essentially the most productive way to compete is simply by giving extra value to the consumers, the RHB group initiated a policy of offering multiple Islamic banking facilities to both individuals and businesses.
One of the most common yet elemental services on the market to individuals is deposit account and self-banking services. With competitive interest rate and accessibility of CDM & ATM in the bank branches along with other strategic locations across Malaysia, customers can also enjoy maximum savings return while at the same time have access to their accounts for cash deposit and withdrawal quite easily anytime.
RHB Bank has been monitoring the change of trend in terms of purchase from using cash to the cashless method and saw that this contributed to a higher demand for credit cards. According to the information and facts collected worldwide and nationwide, a lot more people apparently prefer shopping online using a credit card every day. Hence, RHB made the perfect move by making it easy for potential consumers to apply for a credit card online and take advantage of a low-interest rate.
Furthermore, as the Bank sees the immediate need to compose a good balance between demand and supply, the company has launched a credit card scheme that provides an extra advantage to the cardholders that can be enjoyed once they utilize it for either offline or online transactions.
RHB Bank is well aware of the idea that having a savings account and credit card is insufficient to satisfy a person’s financial needs. It really is clear that usually, people need to acquire personal loans with the bank to purchase high-valued assets, which include properties and automobiles. Subsequently, RHB has made available a low interest rate for numerous varieties of loans. Customers who wishes to go the one step further could also subscribe for insurance packages and acquire unit trusts from RHB Group.
For entrepreneurs and corporations, they could engage with RHB Bank for corporate banking facilities. Businesses may sign up for commercial loans if they are interested, and they could also engage in other types of corporate banking facilities. As some businesses requested, RHB Bank offers online cash management services.
It is pretty obvious that SMEs are amongst the customers that might possibly enjoy the most advantage, especially when it’s possible for them to make loan applications should extra revenue is needed to scale the business. Additionally, retails solutions are likewise offered to SMEs who might need it.
Yet, RHB Bank hasn’t ever overlooked the need for Islamic banking facilities. In Malaysia, Syariah-compliant product or service are highly demanded. Therefore, product or service that include wealth management, unit trust, Islamic treasury, and corporate banking are particularly created to guarantee that all business transactions follow the Syariah requirement.
In 2016, the Bank managed to increase the growth of their annual brand value by 24%, which automatically makes them the 4th fastest growing banking industry player in Malaysia. As they anticipate the upcoming year’s financial market potential, RHB Bank has begun strategizing to produce more successful campaigns in the coming years.
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