, Singapore

RHB Bank to concentrate on Singapore SMEs

Malaysia’s RHB Bank Berhad intends to fund small and medium-sized enterprises in Singapore to expand its business.

Jason Wong, country head of RHB Bank Singapore, said SMEs may enjoy quicker turnaround time when applying for loans. Working capital could be made available in just one week from the current three to four weeks.

RHB Bank will also strengthen support for SMEs in trade finance and help facilitate transactional payments.

"We see SMEs as a mainstay in Singapore, especially since they support many of the major industries and provide more than half of all employment here," Wong said.

"A lot of SMEs will be looking into improving their productivity . . . and RHB sees a strong market opportunity there."

RHB Bank is based in Kuala Lumpur and specializes in commercial banking, corporate and investment banking and international banking services. It is a part of RHB Capital Berhad financial conglomerate.
 

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!