RHB Bank Berhad (also known as the Rashid Hussein Bank) is a bank based in Kuala Lumpur, Malaysia. It specializes in commercial banking, corporate and investment banking and international banking services. The bank was formed after a merger between Kwong Yik Bank and DCB Bank (Development and Commercial Bank, also formerly known as D&C Bank), on July 1, 1997, and Sime Bank and Bank Utama later. On March 9, 2007, the Employees Provident Fund (EPF) gained control of the bank, after winning a bid against EON Capital and a Kuwait Finance House-led consortium.[1] RHB Bank is a part of RHB Capital Berhad financial conglomerate.
RHB Bank was the third largest bank in Malaysia, with 200 offices in Malaysia and the region (as of 2002). The bank was also named the "Best Domestic Bank" by both Finance Asia and Euromoney in 1997.
Of origin, RHB Bank (Swift Code:RHBBMYKLXXX) was commonly known as Sime Darby Bank and prior to that the United Malayan Banking Corporation, an UMNO associated bank. RHB Bank specialises in consumer banking with other entities like RHB Islamic Bank,Delta Finance to its name. RHB Bank is a commercial bank focusing on industrial and commercial lending in Singapore, despite it being a fully qualified bank.
Other products includes debit mastercard i-Cash and i-Connect along with SenQ debit mastercard electronic.
Type | Public |
---|---|
Founded | 1997, following the merging of DCB Bank and Kwong Yik Bank. |
Founder(s) | Tan Sri Rashid Hussain |
Headquarters | Kuala Lumpur, Malaysia |
Industry | Banking and finance |
Products | Banking and finance Services |
Employees | 10,391 |
Website | www.rhb.com.my |
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