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RHB Capital 

“Market Cap $6.56 B As of May 2014

At a Glance
  • Industry: Regional Banks
  • Founded: 1997
  • Country: Malaysia
  • CEO: Mohamed Khadar Bin Merican
  • Website: www.rhb.com.my
  • Employees: 16,692
  • Sales: $3.03 B
  • Headquarters: Kuala Lumpur
Forbes Lists

#1052 Global 2000

  • #1017 in Profit
  • #414 in Assets
  • #1560 in Market value
Profile

RRHB Capital Bhd. is an investment holding company, which provides financial services such as commercial banking, Islamic banking, general insurance, and asset management. Its operations are carried out through the following segments: Corporate and Investment Banking, Retail Banking, Business Banking, Group Treasury, Islamic Banking Business; Global Financial Banking and Support Center and Others. The Corporate and Investment Banking segment provides services for advisory, fund rising in the structuring and issuance of debt securities and capital market instruments, corporate and debt restructuring, mergers and acquisitions, private placements, underwriting and structuring of bilateral lending, project financing, loans syndication, infrastructure financing, initial public offerings of equity related instruments, private placements and underwriting. It also covers facilities for equity share trading in local and foreign markets, share margin financing, futures broking products and services, custodian and nominees services, investment cash management and unit trust funds. The Retail Banking segment focuses on providing products and services to individual customers. It offers credit facilities which include mortgages, hire purchase financing, study loans, lease financing and personal loans, credit cards, remittance services, deposit collection, general insurance and investment products. The Business Banking segment provides funding and lending to small and medium-sized enterprises. The Group Treasury segment operations are involved in proprietary trading in fixed income securities and foreign exchange, derivatives trading and structuring, managing customer-based foreign exchange and money market transactions, funding and investments in ringgit and foreign currencies. The Islamic Banking Business segment provides commercial banking products and services in accordance with the principles of Shariah to individual customers, corporate clients, government and state owned entities as well as small and medium sized enterprises. The Global Financial Banking segment provides commercial banking related products and services tailored to the specific needs in foreign countries. The Support Center and Others segment offers nominee services, property investment and rental, dormant operations and other related financial services. The company was founded on August 24, 1994 is headquartered in Kuala Lumpur, Malaysia.

“RHB Capital Corporate Milestone

Although formed in 1997, our roots go back in time to the early 90s. Many events since that time have molded us into the bank we are today. Below is brief run-through of the important dates and events in the history of the RHB Banking Group which include mergers and partnerships with other banks that have ultimately lead to the RHB Banking Group that we are today.

Kwong Yik Bank Berhad

  • 1913 – Established with a start-up capital of RM300,000 at the Old Market Square in Kuala Lumpur, making it Malaya’s first local bank
  • 1997 – Merges with DCB Bank Berhad, making it the country’s biggest ever banking merger at that time

Sime Bank Berhad
(formerly known as UMBC Bank)

  • 1959 – A group of businessmen, led by Mr Chang Ming Thien, a prominent figure in the rubber industry in Malaya and Singapore, sets up the United Malayan Banking Corporation Berhad (UMBC)
  • 1960 – Officially declared open by Prime Minister Tunku Abdul Rahman Putra Al-Haj. It is the first commercial bank to be established in independent Malaya
  • 1996 – UMBC becomes part of Sime Darby Berhad and is renamed Sime Bank Berhad
  • 1999 – Merges with RHB Bank Berhad and becomes part of the RHB Banking Group

DCB Bank Berhad

  • 1966 – Establishment of Development and Commercial Bank (D&C Bank, later renamed DCB Bank)
  • 1997 – Merges with Kwong Yik Bank Berhad to form RHB Bank Berhad, turning a medium-sized bank into the third largest integrated financial services group in Malaysia

Utama Banking Group (UBG)

  • 1976 – A licensed commercial bank, is incorporated as a public company
  • 2003 – Merger of RHB Bank Berhad with Bank Utama Berhad into the RHB Banking Group

RHB Banking Group

  • 1983 – Rashid Hussain secures a broker’s licence and sets up Rashid Hussain Securities Sdn Bhd
  • 1996 – Rashid Hussain acquires a 75% stake in Kwong Yik Bank Berhad
  • 1997 – Merger of Kwong Yik Bank Berhad and DCB Bank Berhad to form RHB Bank, then Malaysia’s third largest financial services group
  • 1999 – Merger of Sime Bank Berhad and RHB Bank Berhad to form the RHB Banking Group
  • 2003 – Merger of RHB Bank Berhad with Bank Utama Berhad into the RHB Banking Group
  • 2005 – RHB Banking Group received a license for its Islamic Banking arm – RHB Islamic Bank Berhad”

*Information from Forbes.com and Rhb.com.my

**Video published on YouTube by “rhbgroup

Industry:

Regional Banks