RHB Bank: Much More Than Just Credit Cards & Loans

Posted on July 21, 2020Comments Off on RHB Bank: Much More Than Just Credit Cards & Loans

RHB Bank’s Credit Card Online & Related Products & Services

RHB is today one of the largest banks 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 other countries in South-East Asia. Realising that essentially the most efficient way to compete is simply by giving extra value to the consumers, RHB Bank has started offering multiple banking facilities such as fixed deposit rate Malaysia to both individuals and corporations.

The most staple type of services a financial institution provides has always been the cash deposit account and self-banking solutions. RHB Rank attracts the general public to create savings in addition to the current account by offering above-average interest rate to be enjoyed by members. For the highest level of convenience to withdraw and deposit money into the account, members can quickly locate and use the nearby CDM & ATMs deployed in branches and various other locations easily.

As the Bank witnesses the shift of trend from the traditional purchasing method by cash to an online purchase, they discovered that there’s also an increasing demand for credit cards. Counting on information from research conducted that denotes the public’s increasing acceptance towards the online purchase, it’s proven that offering credit card service is one of the main approaches RHB Bank needs to be pushing forward-and they did just that.

RHB Bank

Feeling the importance to narrow the gap between supply and demand, RHB Bank goes further. It has begun offering credit card solutions with a wide range of benefits as opposed to the other banks, that include cashback reward for cardholders as they start to buy more using a credit card.

In any event, the Bank recognizes that consumer banking is more than credit cards and savings. Nowadays, a lot of people extensively use loans to make asset purchases, then again getting loans approved can be quite a complicated process. So, RHB Bank had developed a flexible program for the public with a minimal interest rate for numerous different kinds of loans. Aside from that, personal financial investment, unit trust, as well as insurance services, are also being offered.

Shifting the main focus to corporate customers, RHB Bank is, besides, offering corporate banking solutions to entrepreneurs and organisations. These target prospects are welcomed to get loans and also subscribe to the other offerings, which include asset management and cash management services.

There’s one particular class of customers that would reap out the most benefits from this: the small-medium enterprises. The products made available by RHB Bank will make it possible for them to gain more capital to better develop their business by making an application for the loan. Furthermore, SMEs within the e-commerce industry could also sign up for RHB’s effective retail solutions.

Despite, the bank has not lost focus on Shariah-compliant financial instruments. This is typically due to exceptional demand by the public in Malaysia. Banking facilities that follow the minimum Syariah requirement that include Islamic treasury, Islamic corporate banking, unit trust, and wealth management services are increasingly being put forward.

RHB Bank has seen a 24% annual brand value increase in 2016, which automatically places them in the top five positions for banks in the local market. In anticipation of the expected market growth, the Bank has begun strategising an increasingly proactive strategy for fixed deposit rate Malaysia to keep its rate of growth steady for many years.

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