Located in Malaysia, RHB Bank Berhad is a wholly-owned subsidiary of RHB Banking Group. The bank was established in 1994 under the name of DCB Holdings Berhad upon the mergers of Kwong Yik Bank Berhad, Sime Bank Berhad and Bank Utama (Malaysia) Berhad. It got its current name in 1997.
RHB Bank offers a variety of banking and financial services, including Islamic banking, investment banking, property investment, general insurance, unit trust management, to name a few. Today, RHB Bank stands as the fourth largest fully integrated banking and financial services group in Malaysia.
The bank has a total of 380 delivery channels and 334 branches spread across Malaysia, Singapore, Thailand, Brunei, Cambodia, Laos, Myanmar, and Vietnam. There are various subsidiaries operating under the umbrella of RHB Bank, including RHB Investment Bank Berhad, RHB Islamic Bank Berhad, and RHB Insurance Berhad.
RHB Bank has been recognised by several institutions for its contribution to Malaysia’s financial and banking sector. Below listed are a few awards bagged by RHB Bank:
Below listed are the services offered by RHB Bank:
Here are a list of products and services offered by RHB Bank:
Tower Two & Three, RHB Centre, Jalan Tun Razak, 50400 Kuala Lumpur
Peti Surat 10145, 50907 Kuala Lumpur
RHB Bank branches are spread across Malaysia. Here are the phone numbers of few branches:
Fax: +60 3 9287 9000
For general and product-related queries, mail at:
For Internet banking, mail at:
Q. Is it possible to place my conventional FD product with my RHB Islamic account?
A. No, you cannot place Conventional FD with your Islamic banking account. However, you can place certain Islamic FD product by using your Islamic savings or current account.
Q. What’s the eligibility criteria for RHB Visa Infinite Credit Card?
A. You have to be of 21 years of age to apply for RHB Visa Infinite Credit Card and your minimum annual income should be RM150,000.
Q. What is the URL for RHB Now Internet Banking?
A. The URL is https://logon.rhb.com.my
Q. Can I get Islamic banking services at RHB?
A. RHB Bank offers a variety of Islamic banking products that complies with the Sharia law.
Q. Is there any limit for daily transaction?
A. For ‘Investment’ biller, the maximum daily transaction limit is RM1,000,000. For ‘Other’ biller, the daily transaction limit is 50,000.
Q. Can I transact RM60,000 to other RHB account in a day?
A. No, you cannot. The daily transaction limit for Fund Transfer to Other RHB Account Transfer is RM30,000.
Q. Where can I find RHB?
A. RHB headquarters is located in Kuala Lumpur, Malaysia. Other than this, the bank has a strong presence in Singapore, Thailand, Brunei, Cambodia, Laos, Myanmar, and Vietnam.
Q. What are the benefits of using RHB Bank credit cards?
A. Your first year’s annual fee gets waived following your card’s approval. You will also get RM50 cashback on your first swipe within the first 45 days.
Q. What is the basic eligibility to apply for RHB credit cards online?
A. Here are a few things you need to know while applying for RHB credit cards online:
Q. What’s the customer care number?
A. Call at 03-9206 8118 for assistance.
RHB recently held an analyst briefing on 28 September 2018 to discuss the updates in the group business banking (GBB) division. The group’s 5-year strategy between 2018 and 2022 (FIT2022) has been to focus on the growth of RHB in certain aspects—tap into niche overseas segments, build strategic partnerships, and make a winning model. RHB also plans to build a connected ecosystem for small and medium enterprises (SMEs) and develop their business in the future.
With SME loans being only 16% of the group’s total domestic loans, RHB aims to be one of the top SME banks in the country by 2022. It has concurrently set a target of 20% share of SME loans in domestic loans by 2022, with the division aiming to have 65% of its total assets coming from SMEs. In H1 2018, GBB loans have grown by 7.4% year-on-year, with 56% contribution coming from SMEs. The market share of SMEs in the group is 9%.
RHB plans to build on the advantages of its credit partners- Credit Guarantee Corp (CGC) and Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP) to get an edge in the market. It also aims to use the Bank Negara Malaysia’s financing plans for small businesses to reach out to more SMEs. It has also introduced a self-service online loan application facility for small and micro enterprises.
2nd Oct 2018
RHB Bank, one of the most renowned banking groups in the country, aspires a record year the financial year. In the first half of the financial year, the bank had a net profit of RM1.16 billion, recording an increase of 16% from the previous financial year.
Though the group saw an increase in most segments, there was only a small increase in loan growth. The target for loan growth was at 6%, however, they only made a profit of 1% so far. With a few more months left in the financial year, 6% could be an impossible target. The bank now hopes for loan growth between 3% and 4%.
The loans sector made a significant increase from RM160.1 billion in December 2017 to RM161.4 billion in June 2018.
Other than loans, RHB Bank has seen a major growth in almost all other banking segments, especially mortgages. There was an increase in mortgages by 16.4% as people are looking for homes which are below RM1 million.
The group's earnings per share have also increased from 12.50 the last year to 14.20 sen. However, there was a slight decrease in the net assets per share.
31 August 2018
With a high net funding income and fee-based income, RHB Bank Bhd registered 16% profit of up to RM 1.16 billion in the first half of 2018. The bank aims to keep its rising streak even with a reduced loan growth target of 3% to 4%. RHB Managing Director Datuk Khairussaleh Ramli noted that returns on equity would exceed 10% and cost-to-income ratio would be below 50%.
Mortgages have led to a major growth in the loan segment, with a growth of 7.6% from the end of 2017 to RM50.5 billion. Loans have increased by 0.8% until June 2018 to RM161.4 billion. Around 40% sales were from mortgages on residential properties priced below RM500,000. Unsecured payments have increased by 7.6% to RM8.53 billion.
RHB also recorded 13.8% year-on-year rise in net profits of RM570.26 million in the second quarter of 2018 ending in June. The interim dividend has been declared at 7.5 sen per share till June 2018. The bank aims to overcome the lower profit margin from the quarter ending March 2018 and register an overall profit in 2018.
31 August 2018
After launching an online financing platform for small and medium businesses (SMEs), RHB Banking Group is now in the process of approving loans for SMEs of up to RM100 million in the next 1 year.
This move has been initiated in order to enhance SME growth, and to get them contribute at least 20% to their domestic financing within the next couple of years.
The online platform helps SMEs with an annual turnover of a minimum of RM35 million to apply for term loans. Currently, the platform offers loans from RM50,000 and RM300,000 for tenures up to 24 months.
The application process is set to be around 10 minutes. This includes submission of the company’s bank records and identification cards of the top management and shareholders. Also, SMEs will have access to the loan without the need of a collateral, so that they can increase their profits within the target year.
With close to 900,000 SMEs in Malaysia, 20% being RHB customers, the loan approval will help in increasing RHB's market share.
11 June 2018
RHB Bank Berhad announces its plan to launch three new digital products as part of the FIT22 strategy. The bank has considered the importance of digital enablement in its workflow. The products will be launched within the first half of 2018.
The new products are focused on mortgages and small and medium enterprises (SMEs). The bank states that two apps may go live by next month. Datuk Khairussaleh Ramli, MD, RHB Bank Group mentioned that he expected continued growth of the mortgage and SME segments along with the Group’s business in Singapore.
A loan growth of 6% is expected this year. Khairussaleh also highlighted that the bank has invested about RM200 million to RM300 million on digitisation for the next 3-5 years.
RHB Bank Group is also expecting to see increased fee income contribution in areas, such as affluent business, insurance and asset management as well as investment banking. Khairussaleh also added that he expects the loan growth rate to be better than last year.
26 April 2018
Due to the rise in the Overnight Policy Rate (OPR), RHB Bank Malaysia is hoping for a growth in loans this year. RHB had upped its Base Rate (BR) and Base Lending Rate (BLR) by 25 points from 2 February, 2018. From 3.65% p.a., the bank’s BR was increased to 3.90% p.a.
Talking about the effects of OPR increase, Datuk Khairussaleh Ramli, group managing director for RHB said that 2018 seems to be better than 2017 on the business front. He further added that RHB is focusing on the SME and mortgage sectors in 2018.
As 90% of the loan applications are processed through the RHB chatbot, RHB is considering to introduce exclusive apps for SME loans and mortgage repayments next month.
25 April 2018