RHB Bank
 |
|
| Public company | |
| Industry | Banking and finance |
| Founded | 1997, following the merging of DCB Bank and Kwong Yik Bank. |
| Founder | Tan Sri Rashid Hussain |
| Headquarters | Kuala Lumpur, Malaysia |
|
Area served
|
Malaysia Singapore Thailand Vietnam Brunei Cambodia Indonesia Hong Kong |
|
Key people
|
Dato' Khairussaleh Ramli (Group Managing Director) |
| Products | Banking and finance Services |
| Total assets | RM189.1 Billion(As of 31 December 2012) |
|
Number of employees
|
17,000(As of 31 December 2012) |
| Website | rhbgroup.com |
RHB Capital Bhd (RHB Banking Group) (MYX: ) was incorporated in Malaysia as a public limited company on 24 August 1994 under the name of DCB Holdings Berhad. It assumed its present name on 16 June 1997. RHB Capital was listed on the Main Board (now known as "Main Market") of Bursa Malaysia Securities Berhad on 29 December 1994, replacing DCB Bank Berhad (now known as RHB Bank Berhad ("RHB Bank"), pursuant to a restructuring scheme undertaken in 1994.
Now, the fourth largest fully integrated financial services group in Malaysia, The RHB Banking Group provides financial products and services through its main subsidiaries – RHB Bank Berhad, RHB Investment Bank Berhad, OSK Investment Bank Berhad, RHB Insurance Berhad and RHB Islamic Bank Berhad, while its asset management and unit trust businesses are undertaken by RHB Asset Management Sdn. Bhd. and RHB Islamic International Asset Management Berhad.
On 16 March 2005, the RHB Banking Group became the first domestic financial group in Malaysia to set up an Islamic banking subsidiary, known as RHB Islamic Bank Berhad.
In November 2012, the RHB Banking Group acquired OSK Investment Bank Berhad (OSKIB) and in April 2013, the merger between OSKIB with RHB Investment Bank (RHBIB) made RHBIB the largest investment Bank in Malaysia by assets.
With the recent merger of OSKIB and RHBIB, the investment banking business is now in seven ASEAN countries and Hong Kong.
In 1996, Rashid Hussain acquires a 75% stake in Kwong Yik Bank Berhad. A year later, a merger between Kwong Yik Bank Berhad and DCB Bank Berhad formed RHB Bank, which made it as Malaysia's third largest financial services group. RHB Bank is one of the main subsidiaries under the RHB Banking Group and recently celebrates its 100th Anniversary on 15 July 2013. As of 2013, RHB Bank has over 194 branches in Malaysia, 7 branches in Singapore, 2 branches in Thailand, and 1 branch in Brunei and Vietnam.
A wholly owned subsidiary of RHB Capital, RHB Bank Berhad is a result of three mergers –with Kwong Yik Bank Berhad, Sime Bank Berhad and Bank Utama (Malaysia) Berhad in 1997, 1999 and 2003. Its key milestones through the mergers are as follows: (i) Kwong Yik Bank Berhad was established in 1913 in Kuala Lumpur, making it Malaya's first local bank. In 1997, Kwong Yik Bank Berhad merged with DCB Bank Berhad, making it the country's biggest ever banking merger at that time. [3] (ii) The United Malayan Banking Corporation Berhad ("UMBC") was set up in 1959 and subsequently became the first commercial bank to be established in independent Malaya when it was officially declared open in 1960. In 1996, UMBC became (iii) part of Sime Darby Berhad and was renamed Sime Bank Berhad. In 1999, it merged with RHB Bank and became part of RHB Banking Group. [3] (iv) Bank Utama was incorporated in 1976. In 1998, Bank Utama merged its business operations with that of Kewangan Utama Berhad. In 2003, RHB Bank merged with Bank Utama. [3]
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