RHB banks on small-, mid-caps going abroad

Singapore

RHB Bank, the fourth-largest bank in Malaysia, will invest in building up its small-and-medium-sized enterprise (SME) network in Singapore as it looks to carve a bigger niche by taking such businesses beyond Singapore and into Asean, said its top executive in Singapore.

In an interview with The Business Times, Mike Chan, CEO of RHB Bank Singapore, said the bank will also add services such as cash management to align with this strategy, as SMEs will require more tools and advice in order to expand regionally.