RHB Bank’s Services & Products: Credit Card and Much More
Currently, RHB Bank is considered among the main competitors in the Malaysian finance and banking industry. Aiming to grow the horizon within the South East Asia region, they’ve already laid their foundation in countries which include Brunei, Hong Kong, Indonesia, Laos, and Singapore. In ensuring that the business organization is scalable, RHB brought out an assortment of banking facilities to business organizations and individuals for personal and commercial needs.
Setting up current or savings account by individuals and organizations is obviously indispensable. To bring in smart consumers, RHB Bank has offered a reasonable interest rate members will enjoy just by depositing money in their account. While they provide traditional transaction facilities through ATM and CDM, the Bank had also launched RHB Now, their internet banking services to increase efficiency.
As the Bank witnesses the trend shift from the good old purchasing method using cash to online purchasing, they understood that there’s an elevating demand for credit cards. Relying on information from research studies conducted that represents the public’s increasing worldwide recognition towards online purchases, it is actually proven that offering credit card services is one of the main approaches RHB Bank needs to be pushing forward-and they did exactly that.
Feeling the need to close the gap between supply and demand, RHB Bank goes further and they have begun offering credit card solutions with many benefits as opposed to the other banks, such as cashback rewards for cardholders whilst they buy more using a credit card.
Despite that, RHB Bank recognizes the truth that promoting credit cards and savings accounts don’t seem to be enough. Presently, acquiring assets like cars and properties requires most people to acquire a decent loan scheme. Thus, RHB has reformulated its loan structure in order to give the lowest interest rate possible for different kinds of loans. Plus, travel insurance services, unit trust, and even financial investment may also be made.
For small business owners and organizational entities, RHB Bank is providing corporate banking facilities. They’ll be able to engage with the Bank either for investment banking or even to make a business loan. In the event the customers are interested, they even can sign up for RHB Bank’s online cash management services.
These facilities are especially good for small-medium enterprises, as plenty of kinds of services including loans can be made to gain more capital in their businesses. For e-commerce companies, retails solutions would certainly be essentially the most innovative and beneficial services they can engage with.
Notwithstanding this, attention to the highly demanded Islamic banking facilities has never been an oversight. RHB Bank understands that there is a large amount of request from the consumers to bring about Syariah-compliant financial instruments. In response to that, they’ve lined up wealth management, corporate banking, Islamic treasury, unit trust, and different types of other products and services that follows the Syariah guideline for the public.
In 2016, the Bank managed to enhance the growth of its annual brand value by 24%, which automatically makes them the 4th fastest growing banking industry player in Malaysia. Whilst they anticipate the upcoming year’s financial market potential, RHB Bank has begun strategizing to create more impactful campaigns in the future.