RHB Bank: A Lot More Than Credit Cards & Loans
Presently, RHB Bank is among the pioneers of the financial industry in Malaysia. With foundations laid down in 10 countries within South East Asia which includes Cambodia, Laos, Myanmar, Vietnam, and Thailand; RHB Group is confident of progressing faster by offering banking facilities for SME loan that can help both individuals and businesses following their own needs. RHB Bank views this as one way to serve consumers better.
Setting up current or savings account by individuals and enterprises is, without a doubt, essential. To bring in smart consumers, the Bank has offered a competitive interest rate customers will enjoy just by depositing money into their respective accounts. As they provide traditional transaction facility through ATM and CDM, the Bank had also launched RHB Now, their online banking facilities to increase efficiency.
RHB Bank happens to be monitoring the trend change in terms of purchase from using cash to the cashless method and observed that this contributed to a higher interest in credit cards. Based on the information and facts collected worldwide and nationwide, a lot of people appear to prefer to make online purchases using a credit card every day. Hence, RHB made the suitable move by making it easy for potential customers to apply for a credit card online and take pleasure from a low-interest rate.
What’s more, as RHB sees the critical need to formulate a right balance between demand and supply, they have developed a credit card scheme that provides additional benefits to the cardholders which could be enjoyed as they start to utilize it for either offline or online transactions.
RHB is aware that individuals demand more than just savings accounts and credit cards. When buying assets which include homes and cars, the majority of people happen to have been struggling to get their loan approved. Hence, RHB Group reformulated its financing services which provide minimal interest for a broad range of loan product. In addition to that, unit trust, insurance, and personal financial investment are additionally made with the Bank.
For entrepreneurs and companies, there’re able to engage with RHB Bank for corporate banking facilities. Businesses may make an application for business loans when they are interested, and they may also participate in other kinds of corporate banking facilities. As some companies requested, RHB Bank offers online cash management services.
Small-medium enterprises are amongst those who are going to benefit from the most benefits. They’re welcomed to obtain loans should capital injection is called for as they start to scale their businesses. Not only this, RHB Bank even offers retails solutions to the appropriate customers, particularly people in e-commerce business.
Notwithstanding this, focus on the highly demanded Islamic banking facilities has not been an oversight. RHB Bank sees that there is a large amount of request from the consumers to produce Shariah-compliant financial instruments. As a result of that, they’ve already set up wealth management, corporate banking, Islamic treasury, unit trust, and various types of other products and services that follows the Shariah guideline for the public.
RHB Bank has witnessed a 24% annual brand value growth in 2016 which automatically places them within the top 5 positions for banks in the nation. In anticipation of the upcoming market growth, the Bank has begun strategizing a more proactive approach for SME loan to keep its rate of growth steady for several years.