RHB Bank’s Products and Services: Credit Cards and More
As we speak of RHB Bank, we know that they’re now one of the 5 top banks in Malaysia. Understanding the potential of foreign markets with the SEA region, they have expanded their horizons and entered Hong Kong, Laos, Cambodia, Myanmar, Thailand, and lots of other countries. Feeling the impulse to provide additional value, RHB Bank initiated a policy to offer several kinds of financial services to organizations and individuals.
Possibly the most staple form of services a Bank can provide always has been the cover account and self-banking facilities. RHB Group attracts customers to create savings in addition to the current account by offering higher than average interest rates to be enjoyed by members. For maximum convenience to withdraw and deposit money into the account, account holders could locate and use the nearby ATM and CDM machines deployed in branches in addition to other locations easily.
As the Bank sees the change of trend from the good old purchasing method by cash to online purchasing, they recognized that there’s also an escalating demand from customers for credit cards. Relying on the outcome from surveys conducted that represents the public’s increasing acceptance towards online purchases, it really is undisputed that offering credit card services is probably the main approach RHB Bank should really be pushing forward-and they did exactly that.
Feeling the need to close the gap between supply and demand, RHB Bank goes the extra mile and they have begun offering credit card services with a wide range of benefits in contrast to other banks, which include cashback reward for cardholders when they start to purchase more using a credit card.
In any event, the Bank realizes that consumer banking goes past credit cards and savings accounts. Currently, lots of people depend upon loans to buy the asset, nevertheless getting a loan approval generally is a very difficult process. So, RHB Bank had made a flexible program for the public with a minimal interest rate for quite a few different types of loans. Also, personal financial investment, unit trust, as well as insurance coverage services are also offered.
For business proprietors and organizational entities, RHB Bank offers corporate banking facilities. They are able to engage with the Bank either for investment banking or even to make a business loan. If consumers are interested, they may even subscribe to RHB Bank’s online cash management services.
These services are especially ideal for small-medium enterprises, as numerous different kinds of services including loans can be made to inject capital for their businesses. For e-commerce businesses, retails solutions could well be just about the most innovative and beneficial services they’re now able to engage with.
In spite of this, attention to the highly demanded Islamic banking facilities hasn’t ever been an oversight. RHB Bank witnesses that there’s a large number of requests from the public to bring about Syariah-compliant financial instruments. In response to that, they’ve already set up wealth management, corporate banking, Islamic treasury, unit trust, and different types of other services that follow the Syariah guideline to the public.
The Bank’s annual brand value grew at the rate of 24% in 2016, and all this shows that they’re in the top five leagues in Malaysia. For the exact purpose to always maintain the comparable growth rate across the next several years, RHB Bank is going to be deploying significantly more aggressive campaigns and tactics for the consumers.