RHB Bank
 | |
| Company type | Public |
|---|---|
| Industry | Banking and finance |
| Founded | 1997, following the merging of DCB Bank and Kwong Yik Bank. |
| Founder | Tan Sri Rashid Hussain |
| Headquarters | Kuala Lumpur, Malaysia |
Area served | Malaysia Singapore Thailand Vietnam Brunei Cambodia Indonesia Hong Kong |
| Products | Banking and finance Services |
| Total assets | RM189.1 Billion(As of 31 December 2012[1]) |
Number of employees | 17,000(As of 31 December 2012[1]) |
| Website | rhbgroup.com |
RHB Banking Group is the fourth largest fully integrated financial services group in Malaysia. It provides a range of fully integrated financial products and services, including commercial banking, Islamic banking,investment banking, online banking, finance company business, leasing, offshore banking, offshore trust services, stockbroking and other securities related business, general insurance, unit trust management, asset management and nominee and custodian services. [2]
On 16 March 2005, the RHB Banking Group became the first domestic financial group in Malaysia to set up an Islamic banking subsidiary, known as RHB Islamic Bank Berhad.
In Nov 2012, the RHB Banking Group acquired OSK Investment Bank Berhad (OSKIB) and in April 2013, OSKIB merged with RHB Investment Bank (RHBIB) which made RHBIB the largest investment Bank in Malaysia by assets. [3]
History
RHB Capital (RHBCAP:1066) was incorporated in Malaysia as a public limited company on 24 August 1994 under the name of DCB Holdings Berhad. It assumed its present name on 16 June 1997. RHB Capital was listed on the Main Board (now known as "Main Market") of Bursa Malaysia Securities Berhad on 29 December 1994, replacing DCB Bank Berhad (now known as RHB Bank Berhad ("RHB Bank"), pursuant to a restructuring scheme undertaken in 1994.
RHB Bank Berhad, which celebrates its 100th Anniversary on 15 July 2013 [4] is a wholly owned subsidiary of RHB Capital. It is a result of three mergers –with Kwong Yik Bank Berhad, Sime Bank Berhad and Bank Utama (Malaysia) Berhad in 1997, 1999 and 2003, respectively, as follows:
(i) Kwong Yik Bank Berhad was established in 1913 in Kuala Lumpur, making it Malaya's first local bank. In 1997, Kwong Yik Bank Berhad merged with DCB Bank Berhad, making it the country's biggest ever banking merger at that time. [3]
(ii) The United Malayan Banking Corporation Berhad ("UMBC") was set up in 1959 and subsequently became the first commercial bank to be established in independent Malaya when it was officially declared open in 1960. In 1996, UMBC became
(iii) part of Sime Darby Berhad and was renamed Sime Bank Berhad. In 1999, it merged with RHB Bank and became part of RHB Banking Group. [3]
(iv) Bank Utama was incorporated in 1976. In 1998, Bank Utama merged its business operations with that of Kewangan Utama Berhad. In 2003, RHB Bank merged with Bank Utama. [3]
Mr. James Lim is a Research Analyst at Asiasons WFG Research. He was an Equity Analyst at DMG & Partners Securities Pte Ltd., Research Division. Mr. Lim served as an Equity Analyst OSK Research Sdn Bhd.
Strategic Business Groups (SBGs)
Retail Banking
Serves the needs of retail customers through "packaged" products, such as Insurance, Wealth Management, Hire Purchase, Cards and Unsecured Loans as well as Secured Loans such as mortgages for individuals.
Business Banking
Offers a comprehensive range of products that caters to Commercial and SME customers. Programme Lending approach for smaller sized commercial customers through working capital and commercial mortgages. Structuring project and contract financing as well as trade packages to customize offerings tailored for larger sized commercial customers according to their financing needs.
Group Transaction Banking (GTB)
Comprises Cash Management, Trade Services and FI & Correspondent Banking, offering transaction-related services. Offers clients efficient cash management solutions to execute payments and collections with ease, speed and accuracy.
Trade Services offers a comprehensive range of trade products and services that suit the needs of exporters, importers and middlemen in various industries. RHB Bank's Trade Business Desks are supported by trade specialists offering professional trade advisory services. Trade modules are also accessible online via Reflex.
Capable of International Payments and Trade Services in major currencies through an international corresponding banking network and RHB’s branch presence in ASEAN countries, the FI & Correspondent Banking Division has established banking relationships with more than 1,400 banks globally.
Corporate & Investment Banking (“CIB”)
Offers full range of 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 corporates across all industry types.
With the recent merger of OSKIB and RHBIB, the investment banking business is now in seven ASEAN countries and Hong Kong.
Islamic Banking
It started on 1 March 2005 when RHB Banking Group officially received the license for its Islamic Banking subsidiary, RHB Islamic Bank Berhad, making it the first commercial banking group in Malaysia to have its full-fledged Islamic Bank.
Islamic Banking offers a range of consumer, business and corporate banking services and solutions that are Shariah-based.
Global Financial Banking
Global Financial Banking currently covers the commercial banking operations in Singapore, Thailand and Brunei.
Group Treasury
Group Treasury comprises the Treasury functions of Commercial Bank, Investment Bank and Islamic Bank. Its major activities include managing funds, hedging and investment need covering a wide range of treasury products and services.
Key markets
The Group’s regional presence now spans eight countries including Brunei, Cambodia, Indonesia, Hong Kong, Malaysia, Singapore, Thailand and Vietnam.
References
External links
 Constituents of the FTSE Bursa Malaysia KLCI | |
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As of 23 December 2019 | |