RHB Banking Group history, company profile (overview) and corporate video
RHB Banking Group is a multinational financial services group headquartered in Kuala Lumpur, Malaysia.
The Group’s regional presence spans 10 countries in the ASEAN region, including Malaysia, Singapore, Indonesia, Thailand, Brunei, Cambodia, Hong Kong (with a representative office in China), Vietnam, Myanmar, and Lao PDR.
RHB Capital Berhad is the holding company for the RHB Banking Group of companies.
GROUP’S SUBSIDIARIES
The Group’s main subsidiaries are:
- RHB Bank Berhad
- RHB Investment Bank Berhad
- RHB Islamic Bank Berhad
- RHB Insurance Berhad
- RHB Asset Management Sdn Bhd
HISTORY
RHB Banking Group traces its roots to 1913 when Kwong Yik Bank Berhad, Malaya’s first local bank, was established.
In 1959, Sime Bank Berhad was founded as United Malayan Banking Corporation Berhad (UMBC) was established. It was the first commercial bank to be established in independent Malaya.
In 1966, the Development and Commercial Bank (D&C Bank, later renamed DCB Bank) was established.
In 1976, Utama Banking Group (UBG) was incorporated as a public company.
In 1983, Rashid Hussain secured a broker’s licence and set up Rashid Hussain Securities Sdn Bhd.
In 1996, UMBC Bank became part of Sime Darby Berhad and was renamed Sime Bank Berhad.
In 1996, Rashid Hussain acquired a 75% stake in Kwong Yik Bank Berhad.
In 1997, Kwong Yik Bank Berhad merged with DCB Bank Berhad to form RHB Bank Berhad, making it the country’s biggest-ever banking merger at that time.
In 1999, Sime Bank Berhad merged with RHB Bank Berhad and became part of the RHB Banking Group.
In 2003, RHB Bank Berhad merged with Bank Utama Berhad into the RHB Banking Group
In 2005, RHB Banking Group received a license for its Islamic Banking arm – RHB Islamic Bank Berhad.
In 2012, RHB Capital acquired OSK Investment Bank.
In 2016, RHB Bank Berhad assumed the listing status of RHB Capital Berhad as the financial holding company.
BUSINESSES
- Group Retail Banking;
- Group Business & Transaction Banking;
- Group Corporate and Investment Banking;
- Group Shariah Business;
- Group Treasury and Global Markets;
- Group Insurance;
- Group International Business.
With more than 14,000 employees, RHB Banking Group is considered one of Malaysia’s largest integrated financial services groups. According to Forbes, it is considered one of the Largest Public Companies in the World.
*Information from Forbes.com, Wikipedia.org, and www.rhbgroup.com.
**Video published on YouTube by “rhbgroup“
