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Formerly | Kwong Yik Bank Berhad |
---|---|
Company type | Publicly traded state-owned enterprise |
MYX: 1066 | |
ISIN | MYL1066OO009 |
Industry | Banking and finance |
Founded | 1997 1913 (as Kwong Yik Bank) | following the merging of Kwong Yik Bank and DCB Bank.
Founder | Rashid Hussain |
Headquarters | Kuala Lumpur, Malaysia |
Number of locations | Malaysia - 234 branches |
Area served | Malaysia, Singapore, Thailand, Vietnam, Brunei, Cambodia, Laos, Indonesia |
Key people | Tan Sri Ahmad Badri Mohd Zahir, Chairman Mohd Rashid Mohamad, Group Managing Director/Group CEO |
Products | Banking and financial services |
Revenue | RM10.829 Billion (Fiscal Year Ended 31 December 2020) [1] |
RM3.798 Billion (Fiscal Year Ended 31 December 2020) [1] | |
RM2.039 Billion (Fiscal Year Ended 31 December 2020) [1] | |
Total assets | RM271.149 Billion (Fiscal Year Ended 31 December 2020) [1] |
Total equity | RM27.056 Billion (Fiscal Year Ended 31 December 2020) [1] |
Number of employees | 14,010 (As of May 2022 [2] ) |
Parent | Employees Provident Fund |
Website | rhbgroup |
RHB Bank Berhad (MYX : 1066) is a Malaysian bank based in Kuala Lumpur and founded in 1997. It is the fourth largest fully integrated financial services group in Malaysia. [3]
RHB Bank has over 200 branches in Malaysia and provides a range of banking products and services for individuals, small businesses and corporates. RHB Bank is one of the few banks in Malaysia that offers Islamic banking products and services. These products are offered through its subsidiary, RHB Islamic Bank Berhad. RHB Islamic Bank has a wide network of branches and ATMs in Malaysia and provides a range of banking products and services that are compliant with Shariah principles.
RHB Bank is listed on the Bursa Malaysia and has a market capitalisation of RM24.77 billion as of August 2022.
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A wholly owned subsidiary of RHB Capital, RHB Bank Berhad is a result of three mergers –with Kwong Yik Bank Berhad, Sime Bank Berhad and Bank Utama (Malaysia) Berhad in 1997, 1999 and 2003. Its key milestones through the mergers are as follows:
In 2017 a merger was proposed between RHB Bank and AmBank Group, [5] [6] but was scrapped as the parties failed to agree on mutually acceptable terms and conditions. [7]
Islamic banking in Malaysia began in September 1963 when Perbadanan Wang Simpanan Bakal-Bakal Haji (PWSBH) was established. PWSBH was set up as an institution for Muslims to save for their Hajj expenses. In 1969, PWSBH merged with Pejabat Urusan Haji to form Lembaga Urusan dan Tabung Haji.
Malayan Banking Berhad is a Malaysian universal bank, with key operating "home markets" of Malaysia, Singapore, and Indonesia. According to the 2020 Brand Finance report, Maybank is Malaysia's most valuable bank brand, the fourth-top brand amongst the ASEAN countries and ranked 70th among the world’s most valuable bank brands.
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Singapore, officially the State of Singapore, was one of the 14 states of Malaysia from 1963 to 1965. Malaysia was formed on 16 September 1963 by the merger of the Federation of Malaya with the former British colonies of North Borneo, Sarawak and Singapore. This marked the end of the 144-year British rule in Singapore which began with the founding of modern Singapore by Sir Stamford Raffles in 1819. At the time of merger, it was the smallest state in the country by land area, but the largest by population.
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Loke Yew CMG, born Wong Loke Yew, was a Malayan business magnate of Cantonese descent. During his lifetime, he played a significant role in the development of Kuala Lumpur and was also one of the founding fathers of Victoria Institution in Kuala Lumpur.
Ungku Zeti Akhtar binti Ungku Abdul Aziz was the 7th Governor of Bank Negara Malaysia, Malaysia's central bank. She served as Governor from 2000 to 2016, and was the first woman in the position and at 16 years, the longest to hold the position. Zeti was one of the members of the Council of Eminent Persons (CEP) in Mahathir's second administration, a special advisory council advising the government on economic and financial matters during this transitional period.
Citibank Berhad is a licensed commercial bank operating in Malaysia with its headquarters in Jalan Ampang, Kuala Lumpur. Citibank Berhad operates as a subsidiary of Citigroup Holding (Singapore) Private Limited, commencing its banking operations in Malaysia since 1959. Citibank Berhad was locally incorporated in 1994. Citibank Berhad has 11 branches spread across Kuala Lumpur, Selangor, Penang, Kuantan, Malacca and Johor, offering a wide range of banking and financial services including retail banking, institutional banking, and investment products and services.
Cheong Yoke Choy, JP, OBE was a famous philanthropist during the British Malaya era. During his lifetime, he became one of the early developers of Kuala Lumpur, together with several prominent figures from the Chinese community at the time. He was well respected, much loved, and affectionately known as 'The Elderly Philanthropist' for all the charitable work he drove and supported even at an advanced age.
Chan Wing (1873–1947) is a Chinese businessman in colonial Malaya. He is notable as the developer and owner of what later became the first generation National Palace of Malaysia.
The Kwong Yik Banking Corporation Limited, or simply the Kwong Yik Bank of Singapore was the first local bank established in Singapore and British Malaya. The Kwong Yik Bank was founded in 1903 by Cantonese businessmen led by Wong Ah Fook, to provide personal banking services and arrange mortgages and loans to its predominantly Chinese clientele.