RHB Bank to increase Business expansion Within Southeast Asia Market
As we speak of RHB Bank, we know that they’re now on the list of 5 best 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 many other countries. Feeling the necessity to provide extra value, RHB Bank has begun to offer numerous kinds of financial services to firms and individuals.
The most staple types of services a financial institution offers are definitely the savings account and self-banking services. RHB Group attracts consumers to set-up savings and also current accounts by offering above-average interest rates to be enjoyed by members. For the most convenient to withdraw and deposit money into the account, members could easily locate and use the nearby ATM and CDM machines deployed in branches as well as other locations easily.
In addition, RHB also embraces digital transformation and has now seen that it contributed to rising market demand for credit cards. As research shows that more and more people often shop and make transactions online nowadays, RHB Bank has also made it entirely possible for customers to apply for a credit card online. The Bank is confident with their offering that they even urge potential consumers to compare credit cards interest rate before making any commitment.
Feeling the importance to close the gap between demand and supply, RHB Bank goes the extra mile and they have begun offering credit card services with numerous benefits compared to the other banks, including cash back rewards for cardholders whilst they purchase more using a credit card.
RHB Bank is knowledgeable of the idea that having a savings account and credit card is insufficient to satisfy a person’s financial needs. It’s always very clear that usually, people need to apply for personal loans with the bank to buy high-valued assets, for instance, properties and cars. So, RHB has made available a low-interest rate for quite a few different models of loans. Customers who wish to go the extra mile can also subscribe to the insurance policy and buy unit trusts from the Bank.
Shifting the main target to corporate customers, RHB Bank is also offering corporate banking solutions to entrepreneurs and organizations. These target consumers are welcomed to get loans and also subscribe to the other offerings, for example, asset management and cash management services.
There is one special category of customers which will reap the most advantages from this: the SMEs. The products provided by RHB Bank can make it possible for these business owners to gain more capital to grow their business by making application for the loan. Additionally, SMEs within the e-commerce industry might also subscribe to RHB’s reliable retail solutions.
However, RHB Bank still keeps its interest in the highly-demanded Islamic banking facilities. This form of the product is especially demanded in countries like Malaysia. So, they’ve offered Islamic corporate banking, Islamic treasury, unit trust, and wealth management that is made available upon demand by either individuals or companies.
The Bank’s annual brand value grew at the rate of 24% in 2016, and this means that they’re now in the top 5 leagues in Malaysia. For the exact purpose to maintain the similar growth rate over the next several years, RHB Bank is actually deploying much more aggressive campaigns and tactics for the consumers.