RHB Bank

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RHB Bank Berhad
FormerlyRHB Capital Berhad
TypePublicly traded state-owned enterprise
MYX: 1066
ISIN MYL1066OO009
IndustryBanking and finance
Founded1997, following the merging of DCB Bank and Kwong Yik Bank.
FounderRashid Hussain
Headquarters Kuala Lumpur, Malaysia
Number of locations
Malaysia - 278 branches
Area served
Malaysia, Singapore, Thailand, Vietnam, Brunei, Cambodia, Laos, Indonesia, Hong Kong
Key people
Tan Sri Ahmad Badri Mohd Zahir, Chairman
Mohd Rashid Mohamad, Group Managing Director/Group CEO
ProductsBanking and finance services
RevenueDecrease2.svg RM10.829 Billion (Fiscal Year Ended 31 December 2020) [1]
Increase2.svg RM3.798 Billion (Fiscal Year Ended 31 December 2020) [1]
Decrease2.svg RM2.039 Billion (Fiscal Year Ended 31 December 2020) [1]
Total assets Increase2.svg RM271.149 Billion (Fiscal Year Ended 31 December 2020) [1]
Total equity Increase2.svg 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.com

RHB Bank Berhad (MYX : 1066) is a Malaysian bank based in Kuala Lumpur and founded in 1994. It is one of the largest banks in Malaysia.

Contents

RHB Bank has over 180 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.

History

RHB Bank in Jementah, Johor. MCA Jementah.jpg
RHB Bank in Jementah, Johor.

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:

Milestones – 1913 to 2017

Strategic Business Groups (SBGs)

Retail banking

RHB offers insurance, wealth Management, hire purchase, cards and unsecured loans as well as secured loans.

Business banking

Group Transaction Banking (GTB)

RHB's Group Transaction Banking (GTB) comprises cash management, trade services and FI & correspondent banking, offering transaction-related services

Corporate and Investment Banking (CIB)

CIB offers corporate and investment banking services, comprising corporate finance advisory, equity and debt capital markets, securities and futures broking, asset management, corporate banking, private equity and research. CIB serves public-listed companies, multinationals and large corporations across all industry types.

Islamic banking

RHB Banking Group officially received the license for its Islamic banking subsidiary on 1 March 2005, making it the first commercial banking group in Malaysia to have its full-fledged Islamic bank. RHB Islamic Banking offers a range of consumer, business and corporate banking services and solutions that are Shariah-based.

Global Financial Banking

Global Financial Banking covers RHB Capital's offshore businesses, particularly its commercial banking operations in Singapore, Thailand, Brunei and Vietnam, as well as its non-Ringgit based funding operations in Labuan.

Group Treasury

Group Treasury comprises the treasury functions of commercial banks, investment banks and Islamic banks. Its major activities include managing funds, hedging and investment needs covering a wide range of treasury products and services.

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References

  1. 1 2 3 4 5 "RHB Bank Berhad 2020 Annual Report". RHB Group. 31 December 2021. Retrieved 14 July 2021.
  2. "Who We Are". www.rhbgroup.com. RHB Malaysia. Retrieved 20 May 2022.
  3. Khor, Neil (2019). Loke Yew : A Malayan Pioneer. Zamilyn Sdn Bhd. ISBN   978-9671758601.
  4. "RHB Capital names Khairussaleh CEO and MD". The Star.
  5. DASS, FRANCIS (1 June 2017). "AmBank, RHB get Bank Negara nod to proceed with merger talks | New Straits Times". NST Online.
  6. RHB Bank, AmBank up as investors positive on merger
  7. RHB AND AMMB END MERGER TALKS, AmBank Group, 22 August 2017