please help improve it or discuss these issues on the talk page . learn how and when to remove these template messages this article contains content that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . november 2013 learn how and when to remove this template message this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . january 2014 learn how and when to remove this template message learn how and when to remove this template message rhb bank berhad type 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 1 number of employees 17 000 as of 31 december 2012 1 slogan together we progress website rhbgroup.com rhb capital bhd rhb banking group myx 1066 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 . 3 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 . 4 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 21 branches in singapore 2 branches in thailand and 1 branch in brunei and vietnam . contents 1 history 1.1 milestones 1913 to 2015 2 strategic business groups sbgs 2.1 retail banking 2.2 business banking 2.3 group transaction banking gtb 2.4 corporate & investment banking cib 2.5 islamic banking 2.6 global financial banking 2.7 group treasury 3 key markets 4 references 5 external links history edit 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 milestones 1913 to 2015 edit 1913 the kwong yik selangor banking corporation limited incorporated and commenced business on 15 july 1913 at the old market square . 1915 moved from market square to the corner of jalan bandar and jalan silang where it remained until 1938 . 1920s & 30s extended credit to local traders mainly chinese businessmen miners and planters in a financial environment largely dominated by foreign banks . despite the economic depression of the 1930s kwong yik bank played a significant role in the growing prosperity of malaya and the demand for rubber and tin . 1938 moved to the kwong yik bank chambers . this remained its base until the 1960s . 1940s operations suspended with the japanese occupation and world war 2 . the bank resumed business when the war ended . in 1941 deposits totalled rm5 million . 1950s played an integral part in the rehabilitation of the country s economy leading up to independence . links with overseas banks were established . 1961 moved to its temporary premises in jalan bandar while awaiting the completion of its new headquarters . by this time customer deposits totalled rm34 million . 1963 kwong yik bank celebrated its golden jubilee . 1964 first sub branch opened in jalan pasar . 1965 the landmark 10 storey headquarters at jalan bandar now jalan tun h.s. lee was opened by the prime minister then tunku abdul rahman on 10 september . opened branches in jalan ipoh and jalan bukit bintang . 1967 first branch opened in petaling jaya . both kuala lumpur and petaling jaya were rapidly expanding at this point and many of the landmark buildings were financed by kwong yik bank . 1968 malayan banking buys 30 % of kwong yik bank s issued capital . 1970 malayan banking s shareholding in the bank increased to 51.15 % . kwong yik bank s deposits at this juncture totalled more than rm130 million . 1970 new linear logo unveiled . 1979 began computerising its current and savings accounts . april 1981 opened a branch in ipoh the first outside federal territory and selangor . 1985 introduced atm service called boss simultaneously at 12 of its branches in kuala lumpur petaling jaya and klang . 1987 joined forces with malayan banking to launch the country s first shared atm service called the abc network . 1989 launched the boss corporate card and its sunday banking service . 1990 mastercard facility launched . 1993 kwong yik bank celebrated its 80th anniversary . it had 50 branches throughout the country at this juncture and 1 680 staff . to mark the occasion the bank produced its first tv commercial . 1997 rashid hussain bhd purchased malayan banking s share in kwong yik bank . the bank then merged with dcb bank formerly d & c bank established 1966 which has been under the rhb stable since 1993 . this biggest bank merger in the country s history formed rhb bank berhad then malaysia s third largest financial services group . 1997 launch of rhb online service for financial services via computer and telephone . 1999 sime bank merged with rhb bank to become part of the rhb banking group . sime bank was set up after umbc united malayan banking corporation established 1960 became part of the sime darby group in 1996 . 2003 merger of rhb bank with bank utama berhad which was first established in 1976 . 2007 the employees provident fund epf emerged as the single largest shareholder of rhb capital . 30 % equity in rhb bank was purchased from khazanah nasional berhad making rhb bank a 100 % subsidiary of rhb capital . 2009 inception of easy by rhb . 2012 rhb capital acquired osk investment bank paving the way for the rhb banking group s presence in asean and hong kong . 2015 banking and financial services group rhb capital bhd rhbcap has appointed datuk khairussaleh ramli 2 as chief executive officer and managing director with effect from may 5 2015 . strategic business groups sbgs edit retail banking edit retail banking serves the needs of retail customers through a range of products such as insurance wealth management hire purchase cards and unsecured loans as well as secured loans . business banking edit commercial and sme customers can find a comprehensive range of products according to their financing needs . group transaction banking gtb edit rhb s group transaction banking gtb comprises cash management trade services and fi & correspondent banking offering transaction related services . corporate & investment banking cib edit cib offers corporate and investment banking services comprising corporate finance advisory equity and debt capital markets securities and futures broking asset management corporate banking private equity and research . cib serves public listed companies multinationals and large corporates across all industry types . islamic banking edit rhb banking group officially received the license for its islamic banking subsidiary on 1 march 2005 making it the first commercial banking group in malaysia to have its full fledged islamic bank . rhb islamic banking offers a range of consumer business and corporate banking services and solutions that are shariah based . global financial banking edit global financial banking covers rhb capital s offshore businesses particularly its commercial banking operations in singapore thailand brunei and vietnam as well as its non ringgit based funding operations in labuan . group treasury edit group treasury comprises the treasury functions of commercial bank investment bank and islamic bank . its major activities include managing funds hedging and investment need covering a wide range of treasury products and services . key markets edit the group s regional presence now spans eight countries including brunei cambodia indonesia hong kong malaysia singapore thailand and vietnam . references edit a b investor relation rhb group a b http www.thestar.com.my business business news 2015 04 28 rhb capital names khairussaleh ceo and md style biz about us rhb group rhb plans to be a wholesome bank the star external links edit official website of rhb bank v t e fbmklci companies of malaysia as of 20 december 2013 ammb holdings astro malaysia holdings axiata group british american tobacco malaysia cimb group holdings digi.com felda global ventures holdings genting genting malaysia hong leong bank hong leong financial ihh healthcare ioi ioi properties group kuala lumpur kepong malayan banking maxis misc petronas chemicals group petronas dagangan petronas gas ppb group public bank rhb capital sapurakencana petroleum sime darby telekom malaysia tenaga nasional umw holdings ytl corp retrieved from https en.wikipedia.org w index.php title rhb bank & oldid 739019735 categories banks of malaysiabanks of singaporemalaysian brandsinvestment bankshidden categories engvarb from july 2014use dmy dates from july 2014articles with a promotional tone from november 2013all articles with a promotional tonearticles needing additional references from january 2014all articles needing additional referencespages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print 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