RHB Bank: Much More Than Just Credit Cards and Loans
RHB is today among the largest bank with integrated financial services in Malaysia. As they start to plan to further expand its market, RHB Bank has tapped into Brunei, Indonesia, Singapore, Laos, Vietnam, and a few other countries within the South East Asia region. Realizing that the single most effective way to compete is actually by giving extra value to the consumers, the Bank has started offering multiple banking facilities such as medical insurance to both individuals and corporations.
The most common yet fundamental services available to individuals are deposit account and self-banking services. With competitive interest rate and accessibility of ATM and CDM in the bank branches and various strategic locations across Malaysia, account holders can also enjoy maximum savings return while at the same time connect to their accounts for deposit and withdrawal very easily anytime.
RHB Bank has been monitoring the shift of trend in terms of purchase from using cash too without cash and observed that it led to a greater demand for credit cards. Based on the information and facts collected across the globe and nationwide, many people prefer to make online purchases by using a credit card every day. Hence, RHB made a suitable move by making it relatively easy for potential customers to apply for a credit card online and benefit from a low-interest rate.
RHB Bank recognizes that it is very important to lower the visible difference between supply and demand. That’s why they also have formulated a unique credit card scheme that offers value that includes cashback rewards that grow larger when more transactions are increasingly being made by cardholders in the future.
RHB realizes that individuals want more than simple savings accounts and credit cards. When buying assets that include homes and cars, most of the people happen to have been struggling to get their bank loan approved. Hence, RHB improvised their financing services which provide the minimum interest to get a wide range of loan products. Furthermore, unit trust, insurance, and personal financial investment are additionally made with the Bank.
For corporations and entrepreneurs, corporate banking facilities are additionally offered. They may take a business loan and even connect with RHB for corporate & investment banking. Desiring to be certain that their products and services are the very best, RHB additionally offered online cash management and asset management services.
Small-medium enterprises can take advantage of the variety of services provided by RHB Bank, in particular when it involves taking loans to elevate cash flow and further buildup the business. RHB Bank furthermore has begun innovating by providing retail solutions to customers who need it, such as e-commerce players.
Despite that, RHB Bank still keeps its focus on the highly-demanded Islamic banking facilities. This type of product is especially demanded in countries like Malaysia. So, they have offered Islamic corporate banking, Islamic treasury, unit trust, and wealth management that is made available upon demand by either individuals or organizations.
In 2016, the Bank were able to boost the growth of their annual brand value by 24%, which automatically makes them the 4th fastest growing banking industry player in Malaysia. Given that they anticipate the upcoming year’s financial market potential, RHB Bank has started strategizing for medical insurance to form more impactful campaigns in the coming years.