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Topic: RHB Bank

In the News (Fri 17 Feb 12)

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	RHB Bank
		RHB Bank wanted to use the ICT systems in the branch to deliver greater value to their clients.
		RHB Bank decided to replace their entire IT platform at branch level, in order to create common operating environment which would subsequently act as a consistent platform for growth and development across the branch network.
		Their Singapore operations were a case in point, where a migration team from Malaysia undertook the implementation of the new platform in RHB Bank's eleven branches benefited from the experience gained in Malaysia in their own smooth and efficient rollout with no interruptions to the flow of business.
	www.getronics.com /au/en-au/industries/finance/cases/rhb.htm (853 words)

	AseanbankersJuly2001/Strategic Moves-pg1
		RHB Bank plans to improve its consumer banking business by becoming much more customer-focused and by building solid long-term relationships with the customers, said its Head of consumer banking, Peter England.
		RHB Bank is in the process of restructuring its entire branch network.
		RHB Bank had given itself until the end of this financial year to convert the entire branch network (181 branches nationwide) to the new model.
	www.aseanbankers.org /aba/StrategicMoves-pg1.asp (578 words)

	Aseanbanker/Regional Updates - Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, ...
		RHB Bank and Bank Utama have concluded their merger negotiation and are awaiting regulatory approval.
		Delay due to banks having difficulties in getting their systems ready and foreign banks would be hard pressed to implement the standard ahead of their head offices since the original deadline would have made Singapore the second country, after USA to adopt SAS 33.
		Bank Siam City Bank and Bangkok Metropolitan Bank are to be merged effective April 1, 2002 with SCIB being the surviving entity.
	aseanbankers.org /aba/regionalupdates.asp (1715 words)

	Corillian's International Customers
		RHB Bank is Malaysia's third largest commercial bank and offers a comprehensive range of financial products and services ranging from retail, commercial and corporate banking to Islamic products and services and electronic banking.
		RHB Bank also has a regional presence in the region with branches in Singapore, Bangkok and Negara Brunei Darussalam.
		RHB Bank, awarded the prestigious honor of being named Best Domestic Bank by both Finance Asia and Euromoney (1997), is the banking arm of the RHB Group, a leading integrated financial services group in Malaysia and the South East Asia region.
	www.corillian.com /customers/international.aspx (464 words)

	Fitch IBCA Ratings - Press Releases - Fitch IBCA Assigns Rating to Malaysia's RHB Bank
		RHB Bank is the third largest in Malaysia and was created as a result of the merger between DCB Bank and Kwong Yik Bank on July 1st 1997.
		However, the agency noted that RHB Bank's gross non-performing loans declined from 9% of loans at mid-1998 to 7% at year-end largely due to the sale of one third of its non-performing loans to Danaharta, the state agency set up for this purpose.
		RHB Bank's non-performing loan ratio is expected to improve in 1999, possibly to less than 5%, when the good assets of Sime Bank are included in its books.
	www.bradynet.com /e1012.html (594 words)

	ASIANOW \| The Asiaweek Financial 500: Merger to Watch
		Now RHB Bank is finalizing a merger with Sime Bank (once United Malayan Banking Corp.) which could make it the nation's second-best capitalized bank - and a future rival to the market leader, Malayan Banking.
		Even before the crisis, says RHB Bank's CEO Yvonne Chia, "we anticipated and planned for some decline due to the rapid growth in Malaysia." They failed to predict the regional crisis and the parching of liq uidity.
		But the merger between DCB, a corporate bank, and Kwong Yik, a retail lender, was timely, she says, because besides diversifying the business it also created economies of scale at a time when there is no room for fat and wastage.
	www.pathfinder.com /asiaweek/financial500/articles/rhbbank.html (557 words)

	AirAsia MasterCard
		RHB Bank’s marketing team will contact the winners a maximum of 3 times within the same week and all uncontactable winners will be disqualified.
		RHB Bank and AirAsia’s decision on all issues and matters related to the campaign and the winners are final and conclusive.
		RHB Bank and AirAsia reserves the right to change any aspect of the campaign (including changing, canceling, terminating, suspending or discontinuing the prizes from being given away) or any part of these Terms and Conditions without any prior notice.
	www.airasia.com /creditcard/my/promo_rhb.shtm (1627 words)

	BizNews DataBank : RHB Bank aims for RM2bil deposits
		KUALA LUMPUR: RHB Bank Bhd hopes to see its total deposits grow by over RM2bil this year, according to senior vice-president and deputy head of commercial banking/SMIs division Yeoh Beng Hooi.
		Deposits are a major part of RHB Bank¡¦s business and Yeoh said the bank was currently on a drive to increase total deposits by encouraging consumers to save via promotions.
		RHB Bank¡¦s non-performing loans ratio is currently at 4.6%, which is slightly below the 4.9% industry average.
	www.biznewsdb.com /english/newspage/newspage.asp?ID=7041313&file1=7&bulan=04&kw=wwqq (360 words)

	RH Bank: Our History/Mission (Site not responding. Last check: 2007-09-18)
		RHB believes that there is a significant portion of the community that still desires a personal relationship with their bank and prefers to deal with someone who is their partner, as opposed to their vendor.
		The bank understands that customers want someone who can be flexible and will work with them to manage and build their financial base and accordingly has created a corporate culture and operating style to support this.
		The bank had $246.3 million* in assets as of year end 2000 and has consistently ranked in the top 10% of Virginia's 155 banks in all aspects of loan and deposit growth.
	www.rhbank.com /viewpage.php?pg=11 (310 words)

	Scotiabank eyes Malaysia but denies bid - Boston.com
		Canada's Bank of Nova Scotia confirmed on Friday it was looking out for acquisitions in Malaysia but denied a report that it planned to buy an indirect stake in the country's fourth-biggest lender.
		Foreign banks are keen to expand in Malaysia, which has a young population with rising incomes and low interest rates, but they cannot own more than 30 percent of a local bank and are heavily restricted in the number of branches they can operate.
		In Malaysia, banks are not allowed to enter bid talks without approval of the central bank, which is viewed as being reluctant to allow a foreign bank to gain management control.
	www.boston.com /news/world/asia/articles/2006/09/15/scotiabank_eyes_malaysia_but_denies_bid (730 words)

	[No title] (Site not responding. Last check: 2007-09-18)
		The bank was previously known as the United Malayan Banking Corporation Berhad and was merged to RHB in 1999.
		RHB corporate headquarters is in Kuala Lumpur and has built and extensive network of over 200 offices throughout Malaysia.
		RHB Bank was named Best Domestic Bank by both Finance Asia and Euromoney in 1997.
	www.boi.go.th /english/download/hot_topic/52/MOUpressreleaseRHBBankrsfromrene[1].doc (212 words)

	BizNews DataBank : KFH eyes RHB Islamic assets
		It is learnt that part of the deal entails the creation of new company that would hold the conventional banking assets of RHB Bank and the KFH-led consortium would be given three years to divest that.
		Assuming that 40%¨C50% of the current asset size of RHB Bank is convertible to Islamic assets, KFH would have an asset size of around RM50bil (including assets of RHB Islamic Bank) from its current RM1.7bil.
		RHB has 64.9% interest in RHB Capital Bhd, which in turn holds 70% of RHB Bank, the country¡¯s fourth largest bank with RM98.4bil of assets.
	www.biznewsdb.com /english/newspage/newspage.asp?ID=6122215&file1=6&bulan=12&kw=wwqq (761 words)

	New owner of Malaysia's RHB bank eyes CIMB - source \| Banking & Financial \| Reuters
		RHB banking group (RHBS.KL: Quote, Profile, Research) (RHBC.KL: Quote, Profile, Research) is being taken over by Malaysia's state pension fund after it won a $3.68 billion bid battle last month.
		"CIMB and RHB would be a very good fit and a very good consolidation," the source told Reuters, noting that RHB was strong in retail banking, with about 200 branches nationwide, while CIMB was strong in investment and wholesale banking.
		The fund's first priority was to sell down a minority stake in RHB Bank to strategic partners, the source said, adding that it could sell the first 5-10 percent tranche by year-end.
	www.reuters.com /article/bankingfinancial-SP/idUSKLR16465320070404 (454 words)

	Acquiring RHB - EPF has placed Malaysian workers' hard-earned savings in greater risk
		Sime Darby's acquisition of Sime Bank, formerly known as UMBC Bank, is a clear example of the risk in owning and managing a bank without the necessary expertise and experience.
		The acquisition of a Bank by EPF will not only change its charter and increase the risk to the fund contributors, it may also cause poorer performance in its fund management objectives.
		With EPF acquiring up to 100% of RHB, it will mean that at some point of time, it will have to divest as much as 45% of its investment in RHB Capital to other interested and approved parties.
	www.dapmalaysia.org /english/2007/mar07/bul/bul3255.htm (1210 words)

	A star is born (Site not responding. Last check: 2007-09-18)
		The key to the new company is the merger of DCB Bank and Kwong Yik Bank to form RHB Bank, with assets of $13 billion.
		The creation of RHB Capital, named for its founder, caps a 14-year effort to build a financial empire that has a shot at being a regional player Rashid has a professionalism acquired, along with a British accent, during stint as a London fund manager-that is considered rare in Malaysia.
		RHB boasts Malaysia's biggest merchant bank, securities arm, and asset-management oper ation, which has $1.1 billion under management.
	www.fgvsp.br /vestibulares/graduacao/provas_aplicadas/1sem98/1fase/bank.htm (652 words)

	RHB Bank's Call Centre Gets ISO 9001:2000
		RHB Bank, Malaysia has been awarded the ISO 9001:2000 Quality Management System (QMS) for its high standard of service.
		The bank's Customer Care Centre became the first call centre in Malaysia to receive the recognition from SIRIM QAS International Sdn Bhd.
		RHB Bank said in a statement that with the new standard customers would see requests for services and information met consistently and promptly.
	www.customerservicemanager.com /rhb-bank-gets-iso9001-award.htm (145 words)

	RHB PlusOne Credit Card (Site not responding. Last check: 2007-09-18)
		RHB Bank shall have the right at its sole and absolute discretion to modify or alter the percentages stated above without prior notice to the PlusOne Cardholders and such modifications and alterations shall be effective on such date or dates as shall be determined solely by RHB Bank.
		RHB Bank shall not be responsible for any unauthorized redemption or any other transaction involving the P1(RM) howsoever arising.
		RHB Bank does not represent and warrant that the entire P1(RM) accumulated prior to a proposed redemption is immediately available for redemption.
	www.senheng.com.my /20060607_RHB_plusone/terms.htm (1590 words)

	Large Enterprise Sales Fuel Onyx Software Record Q3 Results
		The RHB Bank CRM project with Onyx, planned for completion in 2002, will be developed and implemented in phases across the bank's other strategic business units including data warehousing, customer call center and Internet banking.
		The RHB sales force, about 30 percent of its manpower resources, will be equipped with an integrated customer information system to enhance effective cross selling opportunities across the RHB Group and potentially build a sales network for third party alliances.
		RHB Bank also has a regional presence with branches in Singapore, Bangkok and Negara Brunei Darussalam.
	www.onyx.com /NewsAndEvents/PressReleases/RHBBank.asp (877 words)

	Malaysia Allows Gulf Banks to Shore Up Islamic Banking - Zawya.com \| Middle East Business News
		LONDON -- The approval by Bank Negara Malaysia, the central bank, of the application of a consortium led by Rusd Investment Bank to establish a fully-fledged Islamic bank in Malaysia, is the latest manifestation of Kuala Lumpur's drive toward the further globalization of its Islamic banking, finance and insurance sector.
		Bank Negara's action is a further manifestation of a declaration of intent on the part of the government of new Prime Minister Abdullah Badawi, who in April this year was returned to power in a landslide general election victory.
		Similarly, Islamic banking assets accounted for 9.73 percent or RM85.2 billion of the total assets of the Malaysian banking sector at the end of March 2004; and Takaful assets for 5.6 percent or RM4.6 billion of the total insurance sector assets.
	www.zawya.com /story.cfm?id=ZAWYA20041101045757 (1059 words)

	Merchant bank coexist their treasury system with Windows Server 2003 directory services (Site not responding. Last check: 2007-09-18)
		RHB Sakura had other options on the table as it evaluated the platform for the new treasury system in the earlier months, including UNIX.
		For RHB Sakura, the treasury management system is mission critical as it handles voluminous transactions with very little room for the system to fail.
		The bank was provided the technical assistance to evaluate, test and deploy two units of Windows Server 2003 as Domain Controllers for the bank's upgraded treasury management system.
	www.microsoft.com /malaysia/business/casestudies/linkpage4177.asp (1192 words)

	ihiBlog: KFH buys stake in RHB, Islamic credit cards, Miscellany
		Islamic banking to the poor, women in Islamic fina...
		RHB expansion, IFSB meeting in KL, Malaysia and Ot...
		Islamic banks similar to conventional banks for ra...
	investhalal.blogspot.com /2007/01/kfh-buys-stake-in-rhb-islamic-credit.html (642 words)

	MIS \| Special Editions > MIS 100
		RHB Bank is a subsidiary of RHB Capital, a large financial services group in Malaysia.
		Head of consumer banking Peter England says the guiding principle behind the setting up of the call centre was to meet, and exceed, the current scope of services offered to the bank’s customers.
		RHB Bank announced in March 2002 that it would be merging with Bank Utama soon.
	www.misweb.com /mis100viewprofile.asp?by=rank&rgid=5&pid=360&year=2002 (171 words)

	ePaynews.com - the payment news and resource Center (Site not responding. Last check: 2007-09-18)
		Jun 29 2004 : Two banks in Malaysia, UOB and RHB Bank, are issuing miniature credit cards to differentiate in a tighter market and grow their respective credit card businesses in tandem with increased e-payments volume.
		RHB Bank for its part, has introduced Malaysia’s first MasterCard SideCard, the RHB Evo Clip, as a companion to the RHB MasterCard, but whose size is 30 per cent smaller.
		RHB Bank does not indicate if it plans to chip-enable its SideCard product, but UOB has hinted that a small EMV chip may in future be added to its miniature cards.
	www.epaynews.com /index.cgi?survey=&ref=browse&f=view&id=1088505186622215212&block=3 (401 words)

	MENAFN - Middle East North Africa . Financial Network News: LONDON, 4 April 2005 — The Jeddah-based Dallah Albaraka ... (Site not responding. Last check: 2007-09-18)
		In fact, it was Dr. Zeti who gave the go-ahead for RHB Capital Berhad, the holding company of RHB Bank Berhad, to open negotiations with DAG's Malaysian subsidiary, Dallah Albaraka Holdings (Malaysia) Berhad, to acquire a stake in RHB Islamic Bank.
		In the last round of Islamic banking licenses in September 2004, it was noticeable that Bank Negara, according to Malaysian banking sources, refused DAG a stand-alone license.
		As Bhaimia stressed at the launch of RHB Islamic Bank, the initial aim is to concentrate on Malaysia, and the region including Singapore, Thailand, Brunei, and the Philippines, where RHB Group already has a presence.
	www.menafn.com /qn_news_story_s.asp?StoryId=86433 (846 words)

	::: eBworx Berhad - Financial Solutions Specialist ::: (Site not responding. Last check: 2007-09-18)
		With its core business centred in the RHB Head Office in Kuala Lumpur, Malaysia, RHB Bank has built an extensive financial network throughout the country.
		RHB Bank is the third largest bank in Malaysia with over 200 offices around the nation and the region.
		RHB Bank has the prestigious honour of being named Best Domestic Bank by both Finance Asia and Euromoney (1997).
	www.ebworx.com /RHB_Bank.htm (137 words)

	BW Online \| March 12, 2001 \| Malaysia's Not-So-Masterful Bank Plan
		In late February, shortly after the lead banks in the 10 proposed consortia had signed all the court documents required for their respective mergers, two banks and a finance company peeled themselves away from a proposed merger with Eon Bank, which specializes in car loans, and dropped out of the program.
		Bank Utama, for example, is partly owned by the government of the remote Malaysian state of Sarawak, which is scheduled to hold a local election this year.
		The banks that run into the worst trouble are seen to have had ties to former Finance Minister Anwar Ibrahim, who was excommunicated from UMNO in late 1998 for complaining about cronyism and is now serving a prison sentence for sodomy.
	www.businessweek.com /bwdaily/dnflash/mar2001/nf20010312_726.htm (1156 words)

	The Herald - Life. Captured Every Day. - Serving York, Chester, and Lancaster Counties. (Site not responding. Last check: 2007-09-18)
		The bank was nearly was taken over by the Federal Deposit Insurance Corp. when an investigation revealed it needed $20 million to cover problem loans.
		Named in the class-action suit are two bank officers and eight directors, Herron and the accounting firm of Tourville Simpson and Caskey, which was dissolved and sold.
		Bank directors, officers and South Financial, which owned 22 percent of RHBandT stock at the time, will not benefit from the settlement of the class-action suit.
	www.heraldonline.com /109/story/10301.html (770 words)

	Asiaweek.com \| Business \| Malaysia's Bank Mergers\| 12/14/99
		Bank Negara, the central bank, now says though it is no longer pursuing consolidation of 58 institutions into six groups, it still wants some mergers to happen.
		Bank Negara says it has received proposals from ten institutions RHB, Hong Leong, Arab Malaysian, EON, Multi-Purpose, Maybank, Southern, Bumiputra Commerce, Public and Pewira Affin to be core banking groups.
		RHB, in a terse statement Wednesday, refuted MRCB's comments, saying RHB Bank's proposal to become an anchor bank had been approved by the boards of Rashid Hussain Bhd., RHB Capital Bhd.
	www.pathfinder.com /asiaweek/business/9912/14 (1109 words)

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