RHB is the acronym for Rashid Hussain Bank. It is one of the banking groups in Malaysia. RHB Bank Berhad is a top 50 public listed companies in Bursa Malaysia under the stock code of 1066.
RHB Bank Branches
In 1994, the bank went public under DCB Holdings Berhad. 3 years later, the bank changed its name to RHB Bank Berhad. It is currently the fourth largest financial services group in Malaysia after Public Bank, CIMB Group and Maybank Berhad. Among the subsidiaries that operate under this umbrella are:
- RHB Bank Berhad
- RHB Investment Bank Berhad
- OSK Investment Bank Berhad
- RHB Insurance Berhad
- RHB Islamic Bank Berhad
- RHB Asset Management Sdn. Bhd.
- RHB Islamic International Asset Management Berhad.
Achievements by RHB Capital
RHB Capital was the first Malaysia bank to start a subsidiary focusing solely on Islamic banking when it formed the RHB Islamic Bank Berhad in 2005. It would then go on to take over the OSK Investment Bank where the merger saw the formation of the largest investment bank in Malaysia in terms of assets through RHBIB. This expanded its network to 7 other ASEAN countries.
As a bank, RHB is a very established name which has a long history dating back to more than 100 years in business although under different names. When Rashid Hussain bought the 75% stake in Kwong Yik Bank Berhad and then merged with DCB Bank Berhad, it became the third largest financial services group then. While competition in the banking sector is very strong in Malaysia, RHB has been very robust in all the areas it is competing in, often offering consumer-centric products which have remained relevant and attractive in this target segment.