- Business
- RHB Bank Berhad (KLSE:1066) operates as a leading multinational financial services provider headquartered in Kuala Lumpur, Malaysia, and founded through mergers tracing back to 1913 with the establishment of Kwong Yik Bank, Malaya's first local bank. The bank delivers a comprehensive suite of conventional and Shariah-compliant products and services across retail, commercial, corporate, wholesale, and international segments; these encompass consumer offerings such as wealth management, bancassurance, mortgages, auto financing, ASB financing, personal financing, credit cards, payments, and deposits via branches and digital platforms; SME solutions including financing for small and medium enterprises and family-owned businesses, trade and cash management, and enhanced SME e-Solutions with API connectivity to point-of-sale terminals, payroll, accounting, and cash management tools; investment banking via RHB Investment Bank featuring advisory on corporate and debt restructuring, mergers and acquisitions, takeovers, equity and debt fundraising, and securities trading; corporate banking with working capital funding, trade financing, foreign currency hedging, project financing, and syndication for listed companies, multinationals, government entities, and government-linked firms; treasury and global markets products like foreign exchange, derivatives, capital markets, structured products, money market investments, and Islamic treasury; asset management services covering unit trust funds, investment advisory, private mandates, product development, and trustee services; commercial and transaction banking solutions such as financing, deposits, cash management, trade finance, FX, remittances, and supply chain financing for mid-to-large private companies and corporates; Islamic banking through RHB Islamic Bank Berhad spanning retail, corporate and investment, business and transaction, and Islamic treasury units; general insurance via RHB Insurance Berhad for retail, SME, commercial, and corporate customers; and international commercial and investment banking in Singapore, Cambodia, Thailand, Laos, Brunei, and Indonesia. The bank maintains over 200 branches in Malaysia and extends operations regionally across ASEAN countries including Singapore, Thailand, Brunei, Cambodia, Laos, and Indonesia, with a focus on cross-border services and synergies through integrated country models in key markets. Recent developments include a RM51 million investment in 2025 to retain a 40% stake in Boost Bank, Malaysia's first homegrown digital bank, supporting its growth and capital requirements following prior funding in 2024; long-term exclusive bancassurance partnerships forged in August 2025 with Tokio Marine Life and Takaful Malaysia to diversify income and enhance customer solutions under the PROGRESS27 strategy; designation of its Singapore unit as the regional hub in July 2025 under a new three-year ASEAN expansion roadmap, driving profit growth with pretax profits nearly doubling to S$98.7 million in 2024 and a 40% increase in sustainable financing to S$972 million; and cessation of Myanmar operations in April 2022 to optimize focus on high-growth ASEAN segments.