RHB Bank’s Products & Services: Credit Cards and Many More
RHB is today amongst the largest bank with integrated financial services in Malaysia. As they start to plan to further expand its market, RHB Bank has tapped into Brunei, Indonesia, Singapore, Laos, Vietnam and some other countries within the SEA region. Realizing that one of the most efficient ways to compete is simply by giving extra value to the customers, rhb has started offering multiple banking facilities to both individuals and businesses.
Individuals and companies have the freedom to open their savings and current account with RHB Bank easily and get competitive interest rates as they deposit money into their accounts. Whenever they wish to make any transactions online, they even can easily make use of internet banking services, RHB Now. For offline transactions, they’re able to access the ATM & CDM machines and any MEPS ATM quite easily for withdrawal.
RHB Bank happens to be monitoring the change of trend in terms of purchase from using cash too without cash and found that it triggered increased interest in credit cards. According to the data collected globally and nationwide, more and more people apparently prefer shopping online by using a credit card every day. Hence, RHB made the right move by making it really easy for customers to apply for a credit card online and take advantage of a low-interest rate.
Feeling the need to narrow the gap between supply and demand, RHB Bank goes further and has begun offering credit card facilities with multiple benefits in comparison to the other banks, that include cashback reward for cardholders when they purchase more using a credit card.
Individuals will, in general, want more than credit cards and savings accounts, and RHB recognizes that well. At this time, many have struggled to get a loan to purchase assets like homes & cars. Thus, the Bank began to create a loan structure that benefits all parties at the lowest interest rate for many different loan types. Furthermore, individuals may also subscribe to many types of insurance plans and make financial investments together with the Bank.
Shifting the focus to corporate customers, RHB Bank is also offering corporate banking solutions to entrepreneurs and organizations. These target customers are welcomed to apply for loans and also sign up for the other solutions, which include asset management and cash management services.
SMEs can certainly leverage the plenty of services provided by RHB Bank, particularly when it comes to taking loans to help increase cash flow and further expand the business. RHB also has begun innovating by offering retail solutions to those who need it, like e-commerce players.
However, RHB Bank still keeps its focus on the highly-demanded Islamic banking facilities. This sort of product is especially demanded in countries like Malaysia. So, they have offered Islamic corporate banking, Islamic treasury, unit trust, and wealth management that is provided upon demand by either individuals or organizations.
RHB Bank has witnessed a 24% annual brand value growth in 2016 which automatically places them within the top five positions for banks in the country. In anticipation of the upcoming market growth, the Bank has begun strategizing a much more proactive strategy to keep its growth rate steady for years to come.