RHB Bank to inflate Progression Within SEA
RHB is today said to be the largest bank with integrated financial services in Malaysia. While they plan to extend its market further, RHB Bank has tapped into Brunei, Indonesia, Singapore, Laos, Vietnam as well as some other countries in the South-East Asia region. Realizing that perhaps the most efficient way to compete is by giving extra value to the consumers, RHB Bank with an online credit card has begun offering multiple banking facilities to both individuals and small businesses.
Creation of savings or current account by individuals and companies is a must. To attract smart consumers, RHB Bank has offered a reasonably competitive interest rate account holders will enjoy through depositing money into their accounts. While they provide traditional transaction facility through ATM and CDM, the Bank had also launched RHB Now, their online banking services to improve efficiency.
The shift from traditional purchasing method using cash to cashless process has increased the demand from customers for credit cards substantially. As proven beyond doubt through the reports from many types of research conducted, the acceptance towards e-payment method by the public is showing dramatical growth. Hence, credit cards are gaining popularity as cardholders could make an online purchase without difficulty.
This is when unique offering comes into the picture, as various advantages are offered to RHB Bank credit card subscribers, which include cashback reward and plenty of other value-added rewards which offers maximum return as the cardholder spend more money.
Individuals will most often want more than credit cards and saving accounts, and RHB is aware that well. Presently, many have struggled to get a loan to purchase assets which include homes & cars. So, the Bank began to come up with a personal loan structure that benefits each party at the lowest interest rate for a variety of loan types. What’s even better, individuals might also subscribe to various types of insurance policies and make a financial investment with the Bank.
For enterprisers and organizational entities, RHB Bank provides corporate banking facilities. They’ll be able to engage with the Bank either for investment banking or even to make a business loan. Generally, if the customers are interested, they also can subscribe to RHB Bank’s online cash management services.
Small-medium enterprises are amongst the customers that might enjoy the most benefit, mainly when it is now possible for them to make loan applications should extra cash is needed to scale the business. Additionally, retails solutions tend to be available to SMEs who would need it.
Despite this, attention on the highly demanded Islamic banking facilities has never been an oversight. RHB Bank understands that there’s a large amount of request from the customers to produce Shariah-compliant financial instruments. As a result of that, they’ve already set up wealth management, corporate banking, Islamic treasury, unit trust, and various types of other products that follow the Shariah guideline for the public.
The Bank’s annual brand value grew at the rate of 24% in 2016, which indicates that they’re now in the top five leagues in Malaysia. To maintain the comparable rate of growth across the next few years, RHB Bank is deploying more aggressive campaigns and tactics for the customers for applying for an online credit card.