RHB Bank All geared up to Take on the Local Financial Segment
RHB is today among the largest bank with integrated financial services in Malaysia. Given that they plan to further increase the size of their market, RHB Bank has tapped into Brunei, Indonesia, Singapore, Laos, Vietnam plus some other countries within the South East Asia region. Realising that the most productive way to compete is simply by giving extra value to customers, the Bank has started offering multiple banking facilities to both individuals and corporation.
Creation of current or savings account by individuals and organisations would be a necessity. In order to attract smart consumers, RHB Bank has offered a viable interest rate members can take advantage of through depositing money in their account. Given that they provide traditional transaction facilties through ATM and CDM, the Bank had also launched RHB Now, their internet banking services to promote efficiency.
RHB Bank has been monitoring the shift of trend in relation to purchase from using cash to cashless method, and witnessed that this triggered an even greater demand for credit cards. Based on the information and facts collected globally and nationwide, a lot more people apparently prefer buying online using credit card everyday. Hence, RHB made an excellent move by making it very simple for potential consumers to apply credit card online and take advantage of a low interest rate.
In addition, as RHB Bank sees the immediate need to come up with a good sense of balance between demand and supply, they now have created a credit card scheme that gives additional benefit to the card holders that could be enjoyed given that they utilize it for either offline or online transactions.
RHB is aware that individuals need more than simply savings accounts and credit cards. When buying assets that include cars and homes, most of the people seem to have been having difficulties to get their personal loan approved. So, they have reformulated their personal banking facilities which provides very low interest to get a variety of loan. In addition, unit trust, insurance, and personal financial investment can also be made with the Bank.
Shifting the attention to corporate customers, RHB Bank is additionally offering corporate banking solutions to entrepreneurs and organizations. These target prospects are welcomed to get loans and also register for the other solutions, which includes asset management and cash management services.
It is clear that small-medium enterprises are amongst the customers which might possibly enjoy utmost advantage, particularly when it is now possible for them to make application to obtain loan should extra cash is required to scale the business. Additionally, retails solutions also are offered to SMEs who may need it.
Nonetheless, the demand for Islamic banking facilities hasn’t ever been overlooked, specifically when there is popular demand for Syariah-compliant services and products within the Malaysian market. Thus, the Bank makes sure products that abide by the Syariah requirement, that include Islamic wealth management services, Islamic treasury, corporate banking, or even unit trust are offered.
RHB Bank has seen a 24% annual brand value increase in 2016 which automatically places them within the top five position for banks in the nation. In anticipation to the upcoming market growth, the Bank has begun strategizing a more proactive approach to keep their growth rate steady for many years.