HomeBusinessRHB Bank Preparing to Rule the Domestic Financial Sector
October 24, 2019
RHB Bank Preparing to Rule the Domestic Financial Sector
RHB Bank to inflate Expansion Within Southeast Asia Region
RHB is today among the largest bank with integrated financial services in Malaysia. As they plan to further widen their market, RHB Bank has tapped into Brunei, Indonesia, Singapore, Laos, Vietnam as well as other countries in the SEA. Understanding that the most effective way to compete is by giving extra value to the consumers, rhb has started offering multiple banking facilities to both individuals and businesses.
Setting up current or savings account by individuals and businesses is undoubtedly a necessity. To attract smart consumers, RHB has offered a competitive interest rate customers can take advantage of just by depositing money into their accounts. While they provide traditional transaction facilities through ATM and CDM, the Bank had also launched RHB Now, their internet banking services to improve efficiency.
RHB Bank is aware that more people make purchases online as compared with using cash nowadays. Primarily based on the data collected, it is discovered that more web users prefer to buy things by using credit cards. Thus, the Bank causes it to become a priority to serve the customers better by providing credit card services with exceptional rewards. Diligent customers who compare credit cards carefully know that RHB’s interest rate is among the lowest.
Feeling the need to narrow the gap between demand and supply, RHB Bank goes further and they have begun offering credit card solutions with an array of benefits in contrast to other banks, which includes cashback rewards for cardholders whilst they purchase more using a credit card.
RHB Bank is knowledgeable of the simple fact that setting up a savings account and credit card is insufficient to satisfy people’s financial needs. It is very clear that commonly, individuals need to acquire loans with the bank to buy high-valued assets, which include real estate and automobiles. Subsequently, RHB has provided a low-interest rate for quite a few different types of loans. Customers who would like to go the extra mile can even subscribe to insurance coverage and purchase unit trusts from the Bank.
For business entities, RHB Bank can give a distinctive banking solution. Application for commercial loans as well as corporate and investment banking are one of the various kinds of services made available. For interested partners, the might also subscribe to the Bank’s asset management services.
It is clear that SMEs are amongst the customers which could possibly enjoy the utmost advantage, especially when it’s possible for them to make applications should extra revenue is needed to scale the business. Additionally, retails solutions also are available to SMEs who might need it.
Nonetheless, the need for Islamic banking facilities has not been overlooked, especially when there is popular demand for a Syariah-compliant product or service within the Malaysian market. Therefore, the Bank makes sure that products that observe the Syariah requirement, which includes Islamic wealth management services, Islamic treasury, corporate banking, and unit trust are made available.
A significant 24 annual brand value growth seems to have been observed by the Bank in 2016, which places them as one of the leading domestic banking players. Seeing the forthcoming market growth potential, RHB Bank has equipped itself with more rigorous and efficient tactics to further grow its value and market share in the longer term.