RHB Bank: Much More Than Just Credit Cards & Loans
Speaking of RHB Bank, we know that they’re now among the list of 5 best banks in Malaysia. Comprehending the potential of foreign markets with SEA, they’ve expanded their horizon and entered Hong Kong, Laos, Cambodia, Myanmar, Thailand, and plenty of other countries. Feeling the impulse to provide more value, RHB Bank initiated a policy to provide many varieties of financial services to organizations and individual’s current accounts.
Individuals and enterprises have the freedom to create their savings and current account with RHB Bank conveniently and get a reasonably competitive interest rate as they deposit money into their bank account. If they wish to make any transactions online, they are able to easily to utilize the online banking services, RHB Now. For offline transactions, they could access the ATM & CDM machines in addition to MEPS ATM quite easily for withdrawal.
Aside from that, RHB also adopts digital transformation and has now observed that it brought about a growing demand from customers for credit cards. As research shows more people are inclined to shop and perform transactions online nowadays, RHB Bank has also made it practical for consumers to apply for credit cards online. The Bank is confident with its offering that they even urge potential consumers to do a comparison of credit card interest rates before making any commitment.
Furthermore, as RHB Bank sees the immediate need to compose a good sense of balance between supply and demand, they also have developed a credit card scheme that promises special benefits to the cardholders which really can be enjoyed as they simply utilize it for either offline or online transactions.
Despite that, RHB Bank realizes the simple fact that providing credit cards and savings accounts is not enough. Presently, acquiring assets which include cars and houses require almost all people to acquire a good loan scheme. Thus, RHB has reformulated its loan structure as a way to give the lowest interest rate as is practicable for a good number of kinds of loans. Plus, insurance services, unit trust, and financial investment can also be made.
Shifting the main target to corporate customers, RHB Bank is furthermore offering corporate banking solutions to entrepreneurs and organizations. These target consumers are welcomed to obtain loans and subscribe to the other products and services, for example, asset management and cash management services.
SMEs can take advantage of the broad range of services provided by RHB Bank, particularly when it involves taking loans to boost cash flow and further scale the business. RHB Group has also begun innovating by offering retail solutions to consumers that need it, for example, e-commerce players.
Nevertheless, RHB Bank hasn’t ever overlooked the need for Islamic banking facilities. In Malaysia, Syariah-compliant offerings are highly demanded. Therefore, products and services which include wealth management, unit trust, Islamic treasury, and corporate banking are specially created to ensure that all business transactions adhere to the Syariah requirement.
In 2016, RHB Bank has seen a 24% annual brand value growth, making them among the leading players in Malaysia. Knowing the full potential of the future financial market, RHB Bank is ready with more aggressive strategies for the current account in ensuring a constant increase of growth over the next few years.