RHB Bank to inflate Business expansion Within South East Asia
As we speak of RHB Bank, we know that they’re now among the list of top five banks in Malaysia. Understanding the potential of foreign markets with South East Asia, they have expanded their horizon and entered Hong Kong, Laos, Cambodia, Myanmar, Thailand, and lots of other countries. Feeling the need to provide more value, RHB Bank has started to offer many types of financial services to businesses and individuals.
Setting up current or savings account by individuals and corporations is definitely a necessity. To draw in smart consumers, RHB has offered a very competitive interest rate customers will enjoy by simply depositing money into their account. As they quite simply provide traditional transaction facilities through ATM and CDM, the Bank had also launched RHB Now, their online Islamic banking solutions to promote efficiency.
The shift from the traditional purchasing method using cash to cashless methods has also increased the demand for credit cards. As verified through the reports from many types of research conducted, the acceptance towards the e-payment method by the public is showing dramatic growth. Hence, credit cards are rising in popularity as cardholders can certainly make purchases online with no trouble.
Knowing there’s also an urgent need to minimize the gap between supply and demand, the Bank took yet another step of progress to provide a value-added credit card scheme that gives cashback and many other benefits the account holder can take advantage of when they use it.
Individuals will commonly demand more than credit cards and savings accounts, and RHB knows that well. These days, many have struggled to obtain a loan to purchase assets such as homes & cars. Therefore, the Bank began to set-up a loan structure that benefits all sides at the lowest interest rate for a variety of loan types. Moreover, individuals may also subscribe to various types of insurance policies and make financial investments together with the Bank.
For companies, RHB Bank can give a great banking solution. Application for business loans and corporate and investment banking are among the various kinds of services provided. For interested partners, the may also sign up for the Bank’s asset management services.
SMEs can definitely leverage the wide selection of services offered by RHB Bank, especially when it comes to taking loans to increase cash flow and further scale the business. RHB Group also has begun innovating by providing retail solutions to consumers that need it, which include e-commerce players.
Notwithstanding, the bank has not lost attention to Syariah-compliant financial instruments. This is actually typically because of great demand by the people in Malaysia. Bearing that in mind, banking facilities that follow the minimum Syariah requirement which include Islamic treasury, Islamic corporate banking, unit trust, and wealth management services are increasingly being put forward.
A tremendous 24 annual brand value growth appears to have been seen by the Bank in 2016, which places them as one of the top 5 domestic banking players. Seeing the forthcoming market growth potential, RHB Bank has equipped itself with more rigorous and efficient tactics to further boost its value and share of the market in the immediate future.
Start your Islamic banking with RHB now!