RHB is today amongst the largest bank with integrated financial services in Malaysia. As they start to plan to further spread their market, RHB Bank has tapped into Brunei, Indonesia, Singapore, Laos, Vietnam and some other countries within the South East Asia region. Knowing one of the most productive way to compete is by giving extra value to the customers, the Bank initiated a policy of offering multiple banking facilities to both individuals such as personal loan and corporations such as corporate loan.
Deposit Account & Self-Banking Services
Probably the most common yet fundamental services on the market to individuals is deposit account and self-banking services. With competitive interest rate and accessibility to CDM & ATM in the branches along with other strategic locations everywhere in Malaysia, account holders can take advantage of maximum savings return while at the same time have access to their accounts for deposit and withdrawal very easily anytime.
The shift from traditional purchasing method using cash to cashless method has increased substantially the demand for credit cards. As confirmed in the data from many researches conducted, the acceptance towards e-payment method from the public is showing exponential growth. Hence, credit cards are becoming more popular as card holders makes online purchase with no trouble.
This is when unique offering comes into the picture, as a variety of advantages are offered to RHB Bank credit card subscribers, which includes cashback reward as well as some other value-added rewards that offers maximum return as the card holder use the card more frequently.
Yet, the Bank realizes that consumer banking goes past credit cards and savings account. Nowadays, most people use loans to buy asset, nevertheless getting loans approved can be a difficult process. So, RHB Bank had developed a flexible program for the public with minimum interest rate for a lot of different kinds of loans. Additionally, personal loan, unit trust, as well as insurance policies are also made available.
Corporate Banking Facilities
For entrepreneurs and enterprises, they’re able to engage with RHB Bank for corporate banking facilities. Businesses may submit an application for commercial loans when they are interested, and they can also engage in other kinds of corporate banking facilities. As some businesses requested, RHB Bank also offers online cash management services.
These facilities are especially necessary for small-medium enterprises, as plenty of varieties of services including loans can be made to inject capital in their businesses. For e-commerce business proprietors, retails solutions could be the most innovative and beneficial services they’ll be able to subscribe.
Notwithstanding, the bank has not lost focus on Syariah-compliant financial instruments. That is principally due to great demand by the the general public in Malaysia. Knowing that, 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.
RHB Bank has witnessed a 24% annual brand value growth in 2016 which automatically places them in the top 5 position for banks in the country. 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.