RHB Bank Preparing to Take control of the Local and Foreign Financial Industry
RHB is today said to be the largest bank with integrated financial services in Malaysia. As they plan to grow their market further, RHB Bank has tapped into Brunei, Indonesia, Singapore, Laos, Vietnam and some other countries within the SEA. Realising that among the most efficient way to compete is by giving extra value to the consumers, the Bank has begun offering multiple banking facilities such as fixed deposit rate Malaysia to both individuals and businesses.
Most likely, the most staple sort of services a financial institution can provide is undoubtedly the savings account and self-banking services. RHB Rank attracts the public to set-up savings and current account by giving above-average interest rate to be enjoyed by members. For maximum convenience to withdraw and deposit money into the account, account holders could locate and use the nearby ATM and CDM machines deployed in branches and also other locations easily.
The shift from traditional purchasing method using cash to cashless process has also increased the market demand for credit cards. As confirmed through the data from many types of research conducted, the acceptance towards e-payment method by the public is showing dramatical growth. Hence, credit cards are rising in popularity as cardholders can undoubtedly make purchases online without hassles.
RHB Bank recognises that it is crucial to minimise the gap between supply and demand. And so, they also have formulated an appealing credit card scheme which provides value which includes cashback rewards that get larger just as more transactions are increasingly being made by cardholders progressively.
Nevertheless, the Bank recognises that consumer banking goes beyond credit cards and savings account. In these days, a lot of people depend on loans to make asset purchases; however, getting loans approved can be a complicated process. So, RHB Bank had created a flexible plan for individuals with a minimal interest rate for lots of different kinds of loans. In addition to that, personal financial investment, unit trust, and insurance plans are also offered.
For enterprises and entrepreneurs, corporate banking facilities are made available. They’ll be able to take a business loan or maybe even engage with RHB for corporate & investment banking. Seeking to make sure that their solutions are the very best, RHB also has offered online cash management and asset management services.
SMEs are among the customers that may enjoy maximum return, especially when it is now possible for them to make loan applications should extra revenue is required to scale the business. Additionally, retails solutions tend to be offered to SMEs who would need it.
Notwithstanding, the bank has never lost attention on Shariah-compliant financial instruments. This can be typical as a consequence of increased demand by the customer in Malaysia. With that in mind, banking facilities that adhere to the minimum Syariah requirement, which include Islamic treasury, Islamic corporate banking, unit trust, and wealth management services are being introduced.
In 2016, the Bank managed to expand the growth of its annual brand value by 24%, which automatically makes them the fourth fastest-growing banking industry player in Malaysia. As they anticipate the upcoming year’s financial market potential, RHB Bank has begun strategizing such as fixed deposit rate Malaysia to design more impactful campaigns in the future.