RHB Bank Getting ready to Take control of the National Financial Market
RHB Bank is currently one of the leading integrated financial services group in Malaysia. With a vision to further grow its share of the market within the South East Asia region, they have until recently ventured into ten countries which cover Brunei, Laos, Myanmar, Vietnam, and Singapore, and more. To help make expansion just as possible, a wide array of products happen to be offered to the public to satisfy both business and personal needs for SME loan.
Possessing a savings account or even perhaps a current account has long been stapled yet underrated. To ensure account holders may gain advantage the most from their savings, RHB Bank has offered a more competitive interest rate compared to other banks. Besides, the company has improved the banking facilities by both adding more ATM and CDM machines in branches and other designated locations as well as creating an internet-based banking services platform, RHB Now for their customers.
RHB Bank has been monitoring the shift of trend in terms of purchase from using cash to the cashless method and spotted that this resulted in an increased interest in credit cards. Based on the information and facts collected across the globe and nationwide, a lot of people prefer to make online purchases using a credit card every day. Hence, RHB made the perfect move by making it simple and easy for consumers to apply for a credit card online and take advantage of a low-interest rate.
Knowing there’s also an urgent need to reduce the gap between demand and supply, the Bank took a further step of progress to offer value-added credit card plan that gives cashback as well as some other benefits the account holder can take advantage of when they use it.
For business proprietors and organizational entities, RHB Bank offers corporate banking facilities. They can engage with the Bank either for investment banking or perhaps to make business loan. Should the customers are interested, they can even sign up for RHB Bank’s online cash management services.
There is always one particular category of customers which could reap out the most advantages from this: the small-medium enterprises. The products made available by RHB Bank will make it possible for these business owners to gain more capital to better develop their business by creating a loan application. Alternatively, SMEs within the e-commerce industry also can subscribe to RHB’s dependable retail solutions.
Despite, the bank has not lost focus on Shariah-compliant financial instruments. This can be principal because of increased demand by the people in Malaysia. Keeping that in mind, 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.
In 2016, the Bank was able to increase the growth of its 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 with SME loan has started strategizing to develop more successful campaigns in the coming years.