RHB Bank Getting ready to Dominate the South East Asia Financial Segment
RHB is today among the most significant bank with integrated financial services in Malaysia. Since they plan to increase the size of their market further, RHB Bank has tapped into Brunei, Indonesia, Singapore, Laos, Vietnam and several other countries in the SEA region. With the knowledge that by far the most productive way to compete is simply by giving extra value to the customers, The RHB SME loan group has started offering multiple banking facilities to both individuals and small businesses.
Probably the most common yet fundamental services provided to individuals is deposit account and self-banking services. With a competitive rate of interest and accessibility of ATM and CDM in the branches along with other strategic locations everywhere in Malaysia, account holders can enjoy maximum savings return while at the same time connect to their accounts for cash deposit and withdrawal easily anytime.
RHB Bank recognises that more people tend to make purchases online as compared to using cash nowadays. With regards to the data collected, it is found that more web users choose to purchase by using credit cards. Because of this, the Bank renders it essential to serve the consumers better by giving credit card services with impressive rewards. Smart customers who compare credit cards very carefully knows that RHB’s interest rate is one of the lowest.
Feeling the need to narrow the gap between demand and supply, RHB Bank goes further, and they have begun offering credit card services with a variety of benefits in contrast to other banks, such as cashback reward for cardholders as they start to purchase more using a credit card.
RHB Bank is familiar with the reality that setting up a savings account and credit card is insufficient to meet up with people’s financial needs. It happens to be evident that usually, people need to acquire loans with the bank to own high-value assets, which include houses and automobiles. So, RHB has provided a low-interest rate for quite a few different types of loans. Customers who want to go the extra mile can also subscribe for insurance plans and purchase unit trusts from RHB Bank.
Shifting the attention to corporate customers, RHB Bank is furthermore offering corporate banking solutions to entrepreneurs and organizations. These target prospects are welcomed to obtain loans and even subscribe to the other solutions, which includes asset management and cash management services.
Small-medium enterprises are among those who are going to take advantage of the most benefits. They are welcomed to apply for loans should capital injection is called for when they scale their businesses. Furthermore, RHB Bank even offers retails solutions to the relevant customers, in particular those in e-commerce business.
Nevertheless, RHB Bank hasn’t overlooked the demand for Islamic banking facilities. In Malaysia, Syariah-compliant services and products are highly demanded. Therefore, products and services, which include wealth management, unit trust, Islamic treasury, and corporate banking, are specially developed to guarantee that all transactions adhere to the Syariah requirement.
The Bank has already observed a significant 24 annual brand value growth in 2016, which places them as among the top five domestic banking players. Seeing the future market growth potential, RHB Bank has equipped themselves with more rigorous and effective tactics for SME loan to grow further its value and market share in the long run.