RHB Bank All geared up to Take on the Local Financial Market

As one speaks of RHB Bank, we do know that they are now one of the top 5 banks in Malaysia. Knowing the potential of foreign markets with South East Asia region, they’ve expanded their horizon and entered Hong Kong, Laos, Cambodia, Myanmar, Thailand, and several other countries. Feeling the impulse to provide extra value, RHB Bank initiated a policy to offer many varieties of banking services to enterprises and individuals such as Islamic bank loan.

Setting up current or savings account by individuals and corporations is unquestionably imperative. To attract smart consumers, RHB Bank has offered a reasonable interest rate customers can take advantage of merely by depositing money into their account. Given that they provide traditional transaction facility through ATM and CDM, the Bank had also launched RHB Now, their online banking services to improve efficiency.

As the Bank sees the shift of trend from the traditional purchasing method by cash to online purchasing, they found that there’s also an escalating market demand for credit cards. Relying on the outcome from an analysis conducted that signifies the public’s increasing worldwide recognition towards online purchases, it is undeniable that offering credit card solutions is among the main strategy RHB Bank should be pushing forward-and they did exactly that.

RHB Bank

Furthermore, as RHB Bank sees the immediate need to formulate a good sense of balance between demand and supply, they also have developed a credit card plan which offers more reward to the cardholders that will be enjoyed when they start to utilize it for either offline or online transactions.

Despite that, RHB Bank understands the simple fact that providing credit cards and savings accounts are not enough. Presently, acquiring assets just like cars and real estate require the majority to acquire a good loan scheme. Thus, RHB has reformulated its loan structure to give the lowest interest rate possible for a good number of kinds of loans. Plus, insurance services, unit trust, along with financial investment may also be made.

For entrepreneurs and companies, they could engage with RHB Bank for corporate banking facilities. Businesses may apply for commercial loans if they are interested, and also, they can likewise engage in other types of corporate banking facilities. As some businesses requested, RHB Bank offers online cash management services.

Small-medium enterprises are some of those who can benefit from the most benefits. They are welcomed to apply for loans should capital injection becomes necessary as they start to scale their businesses. Furthermore, RHB Bank even offers retails solutions to the appropriate customers, especially those in e-commerce business.

Notwithstanding this, focus on the highly demanded Islamic banking facilities hasn’t ever been an oversight. RHB Bank recognizes that there is a high amount of request from the consumers to introduce Shariah-compliant financial instruments. In response to that, they’ve already lined up wealth management, corporate banking, Islamic treasury, unit trust, and various kinds of other products that follows the Shariah guideline to the public.

The Bank’s annual brand value grew at the rate of 24% in 2016, which shows that they’re now in the top five leagues in Malaysia. For the exact purpose to always maintain the comparable growth rate over the next few years, RHB Bank would be deploying more aggressive campaigns and tactics for the customers to apply for the Islamic bank loan.

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