RHB Bank: Much More Than Just Loans & Credit Cards
As we speak of RHB Group, we know that they’re now one of the 5 top banks in Malaysia. Understanding the potential of foreign markets with South East Asia, they have expanded their horizons and entered Hong Kong, Laos, Cambodia, Myanmar, Thailand, and many other countries. Feeling the necessity to provide additional value, RHB Bank initiated a policy to present many varieties of banking services to companies and individuals.
Possibly the most staple types of services a Bank offers have always been the deposit account and self-banking facilities. RHB Group attracts consumers to create savings along with the current accounts through providing a higher than average interest rates to be enjoyed by customers. For the most convenient to withdraw and deposit money into the account, account holders could easily locate and use the nearby ATM & CDM machines deployed in branches as well as other locations easily.
As the Bank witnesses the change of trend from the traditional purchasing method with cash to an online purchase, they found that there’s also an increasing demand for credit cards. Dependent on the outcome from surveys conducted that suggests the public’s increasing acceptance towards e-payment, it’s indisputable that offering credit card solutions is considered among the main approach RHB Bank should be pushing forward-and they did precisely that.
RHB Bank is aware that it is significant to minimize the gap between demand and supply. Hence, they have formulated an amazing credit card plan which provides value that includes cashback rewards that grow just as more transactions are being made by cardholders in the future.
Individuals will most often need more than credit cards and saving accounts, and RHB recognizes that well. These days, many have struggled to get a loan to purchase assets such as homes & cars. So, the Bank began to create a personal loan structure that benefits all sides with the lowest interest rate for an array of loan types. In addition, individuals are also able to subscribe to great diversity of insurance policy and make financial investments together with the Bank.
Shifting the focus to corporate customers, RHB Bank is also offering corporate banking solutions to entrepreneurs and organizations. These target customers are welcomed to apply for loans and also sign up for the other offerings, such as asset management and cash management services.
These services are especially helpful for small-medium enterprises, as numerous different kinds of services including loans can be made to gain more capital in their businesses. For e-commerce business owners, retails solutions are going to be just about the most innovative and beneficial services they may subscribe to.
Despite this, attention on the highly demanded Islamic banking facilities has not been an oversight. RHB Bank recognizes that there is a high amount of requests from consumers to create Syariah-compliant financial instruments. As a result of that, they’ve already set up wealth management, corporate banking, Islamic treasury, unit trust, and different kinds of other products and services that follows the Syariah guideline to the public.
In 2016, RHB Bank have witnessed a 24% annual brand value growth, making them one of the five top players in Malaysia. Knowing the full potential of the forthcoming financial market, RHB Bank is ready with a lot of aggressive strategies in ensuring a constant increase of growth throughout the next several years.