• Loan BYTES FROM OUR KITCHEN

    RHB Bank Berhad Malaysia

    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.

    Awards and Recognition

    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:

    • Best IPO at The Asset Triple A Country Award 2017
    • Best Retail Broker in Malaysia in the 11th Annual Best Financial Institution Awards In Southeast Asia
    • Best Government-Guaranteed Sukuk at the The Asset Triple A Islamic Finance Awards 2017
    • Best Mid-Cap Equity Deal in Southeast Asia at the 11th Annual Best Deal & Solution Awards In Southeast Asia

    List of Services

    Below listed are the services offered by RHB Bank:

    • Personal banking
    • Business banking
    • SME banking
    • Self banking
    • Islamic banking

    List of products

    Here are a list of products and services offered by RHB Bank:

    • Deposits: RHB Bank offers a host of deposit facilities, including savings account, current account, fixed deposits, multi-currency Account, and RHB Smart account. Customers can enjoy multiple benefits under each of these accounts.
    • Loans: Customers can apply for personal loans, commercial property financing, ASB/ASB2 financing, share margin financing, and other loan options at RHB.
    • Credit cards: The bank offers nine types of credit cards to customers. Each card has its own distinct characteristic and can be used for various purposes. There are cashback, reward points, and other privileges associated with each card. A customer can look into the benefits of each card on the RHB website and choose the one that suits them best.
    • Debit cards: RHB offers four types of debit cards that come with a variety of privileges, such as cashback and personalised travel experience, to name a few.
    • Prepaid cards: Customers can opt for RHB Prepaid cards as an alternative for cashless spending.
    • Sharia products: RHB offers a host of Sharia products, including credit cards, debit cards, financing, deposits, wealth management, and more. All the products are Sharia-compliant.
    • RHB Premier: It is a value-added service exclusively provided by the bank to help customers with wealth management and offer other financial solutions.
    • Wealth Management: RHB offers wealth management solutions for customers through various gateways, including Structured Product Investment, Will Writing, MCA Precious Metal Investment, Private Retirement Scheme, etc.
    • Bancassurance: The bank has a variety of life insurance policies that help safeguard customers’ interests. Policy buyers have the option to choose from nine RHB Bancassurance plans, with each plan having its own set of benefits.
    • Unit Trust: RHB Bank offers more than 100 variations of unit trust funds so as to diversify investors’ portfolio.
    • Remittance: RHB offers both overseas and local remittance services. Customers can also opt for Special Remittance, a facility that lets customers remit funds into Malaysia in a fast and secured manner.
    • RHB Pay Anyone: It is a value-added service provided by the bank through which customers can transfer funds to anybody through mobile phone, email or Facebook without having any knowledge of the bank account number.
    • Investment: The bank offers several investment vehicles for investors. These include share trading, futures trading, warrants, structured investments, and more.
    • Safe Deposit Boxes: Customers can keep important documents and other valuables in RHB’s Safe Deposit Boxes.

    Headquarters’ Address

    Tower Two & Three, RHB Centre, Jalan Tun Razak, 50400 Kuala Lumpur

    Peti Surat 10145, 50907 Kuala Lumpur

    Phone Numbers

    RHB Bank branches are spread across Malaysia. Here are the phone numbers of few branches:

    • Customer Care: 03-9206 8118
    • RHB Bank Berhad, Shah Alam, Malaysia: +60 3-5510 0512
    • RHB Centre, Kuala Lumpur: +60 3-9281 3030
    • RHB Bank Jalan Tunku Ibrahim: +60 1-300-88-8742
    • RHB Bank (Menara Shell Branch): +60 3-9206 8118

    Fax: +60 3 9287 9000

    Email Address

    For general and product-related queries, mail at:

    customer.service@rhbgroup.com

    For Internet banking, mail at:

    ibanksupport@rhbbank.com.my


    FAQ’s

    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:

    • Applicant must be between 21 and 55 years of age.
    • Applicant must be a citizen of Malaysia.
    • Foreigners with 6 months’ work permit and valid passport
    • Minimum annual income of RM24,000
    • Individuals can apply for all types of RHB credit cards except RHB Business Credit Card

    Q. What’s the customer care number?

    A. Call at 03-9206 8118 for assistance.

    News About RHB Bank

    • RHB looking to achieve a record year

      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.

      BBazaar Malaysia

      31 August 2018

    • RHB registers profit in the first half of 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.

      BBazaar Malaysia

      31 August 2018

    • RHB to approve SME loan and raise SME financing

      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.

      BBazaar Malaysia

      11 June 2018

    • RHB Bank Introduces New Digital Products

      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.

      BBazaar Malaysia

      26 April 2018

    • RHB Is Hopeful for Growth in the Loan Sector

      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.

      BBazaar Malaysia

      25 April 2018

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