Inovatif

Tag: rhb

  • RHB, Tokio Marine Life and Takaful Malaysia forge exclusive banca partnerships

    RHB Banking Group (RHB or the Group) has entered into bancassurance and bancatakaful partnerships with Tokio Marine Life Insurance Malaysia Bhd. (Tokio Marine Life) and its takaful partners – Syarikat Takaful Malaysia Keluarga Berhad (STMKB), and its wholly owned subsidiary, Syarikat Takaful Malaysia Am Berhad (STMAB) (collectively referred to as Takaful Malaysia). These partnerships are formalised through separate Distribution Agreements – between RHB Bank and Tokio Marine Life, and between RHB Islamic and Takaful Malaysia, as well as the Framework Agreement entered into by all parties.

    Under the Distribution Agreements, RHB will exclusively sell, distribute, market and promote the conventional life insurance products, the family takaful products and the general takaful products developed by Tokio Marine Life and Takaful Malaysia, in Malaysia. The Framework Agreement is entered into as part of the overall joint operating and governance framework for the banca partnerships.

    The exclusive Distribution Agreements will be for a period of 20 years (commenced 1 August 2025), at a Total Access Fee payable to RHB of up to RM1.6 billion. The Total Access Fee reflects the projected insurance and takaful business volume that RHB is expected to generate over the tenure of the Distribution Agreements, including anticipated sales of products through RHB’s network of branches and digital channels. These will contribute positively to the Group’s profit before tax.

    Dato’ Mohd Rashid Mohamad, Group Managing Director/Group Chief Executive Officer of RHB Banking Group said, “This long term and exclusive banca partnerships reinforces our commitment to staying relevant to our customers, diversifying our income streams and driving sustainable long-term growth. By deepening our collaboration, we are able to deliver tailored financial solutions, enhance customer experience and unlock meaningful value for RHB as well as our banca partners. This aligns with our PROGRESS27 strategic priorities, which is already in motion, enabling us to deliver broader value to our stakeholders while driving our non-interest income streams.”

    “This reflects the strength, resilience and maturity of our partnership. One that we have built over the years of collaboration and shared ambition. We are confident that this next chapter will see us deliver even greater value to the community, combining Tokio Marine’s global insurance expertise with RHB’s local reach and customer trust,” said Toi See Jong, Chief Executive Officer of Tokio Marine Life Insurance Malaysia Bhd.

    Additionally, Nor Azman Zainal, Group Chief Executive Officer of Takaful Malaysia said, “This collaboration positions us to scale our takaful offerings and broaden our footprint within the Islamic financial ecosystem. It reflects our ongoing commitment to making ethical, Shariah-compliant protection more accessible to a wider base of consumers across our key markets.”

    The product portfolio will continue to evolve in response to customer needs and emerging market trends.

  • Nurjesmi Mohd Nashir to spearhead RHB’s wholesale banking

    RHB Bank Berhad (RHB or the Group) is pleased to announce the appointment of Nurjesmi bin Mohd Nashir as Managing Director of Wholesale Banking, effective 1 July 2025. Nurjesmi succeeds Datuk Fad’l Mohamed, who was recently appointed Chief Executive Officer of Bursa Malaysia.

    With over three decades of experience in banking and capital markets, Nurjesmi brings deep expertise in corporate banking, investment banking, and market development. In his previous roles, he has a strong track record in transformative efforts to drive growth, reinforce the banks’ market standing, and optimise operational performance.

    He began his career as an equity analyst in 1993 and has held various leadership positions at Citibank Berhad between 1996 to 2013, covering sectors including energy, plantations, and real estate.

    Dato’ Mohd Rashid Mohamad, Group Managing Director/Group Chief Executive Officer of RHB Banking Group said, “Nurjesmi’s market insights and proven leadership make him well-positioned to steer our Wholesale Banking business into its next phase of growth. With our recent organisational restructure, Wholesale Banking will focus on five core areas – Investment Banking, Treasury & Global Markets, Transaction Banking, Client Coverage and Economic Research. I am confident his experience and leadership will be valuable in driving the Group’s PROGRESS27 strategy.”

    Nurjesmi holds a Bachelor of Science in Finance from Syracuse University, New York, and a Diploma in Business Studies from MARA University of Technology (UiTM). He also served as an Independent Board Member of Perbadanan Usahawan Nasional Berhad, from 2018 to 2023.

    This appointment reaffirms RHB’s commitment to strengthening its leadership bench and driving long-term value creation across its Wholesale Banking business.

  • Myra unveils Alam Impian’s township with Malaysia’s first developer-backed renovation financing

    Myra unveils Alam Impian’s township with Malaysia’s first developer-backed renovation financing

    Myra, the residential brand under Oriental Interest Berhad (OIB), is making its most significant entry yet into Shah Alam with the unveiling of Myra Tenuman, a 70-acre township in Alam Impian with a projected gross development value (GDV) of RM1 billion. The development is set to raise the benchmark for community-centric urban living in one of the Klang Valley’s most rapidly maturing corridors.

    Designed as more than a residential project, Myra Tenuman is envisioned as a full-fledged township that integrates premium landed homes, upcoming serviced apartments, community-oriented commercial zones, and placemaking-driven public spaces.

    Anchored by a thoughtfully curated village hub, the masterplan will eventually connect green corridors, pocket parks, and public realms, creating a long-term address for multigenerational families and upwardly mobile professionals seeking both exclusivity and community.

    Speaking at the exclusive preview, Akil Hassan, Chief of People and Growth at Myra, said “Myra Tenuman marks a deliberate step forward in how we think about the liveability of place and permanence.

    The first landed offering within the township will be unveiled under the Halaman collection, comprising 54 semi-detached homes and 16 bungalows, with an estimated GDV of RM165.5 million. All units are freehold and come with individual titles, offering homeowners long-term ownership security and greater flexibility for future modifications or extensions.

    Conceived by Tangu Architecture, Halaman celebrates the idea of a “Green Village Compound”, fostering a sense of openness, connection, and harmony with nature. These homes draw inspiration from the traditional kampung spirit, reinterpreted through contemporary architecture and tropical design thinking.
    Bungalows in Halaman sit on expansive land parcels ranging from approximately 6,652 to 8,826 sq ft, with built-ups of up to 3,982 sq ft, and are priced from RM3 million. The semi-detached units will have lot sizes between 4,166 and 7,535 sq ft, with built-ups of up to 3,376 sq ft, and prices starting from RM2 million.
    Across both typologies, homes feature open-plan layouts, generous windows, and seamless transitions between indoor and outdoor spaces, blurring boundaries to enhance daily liveability. The architectural language promotes cultural sensitivity and environmental responsiveness, resulting in residences that are not only visually refined but also functional, adaptable and sustainably conceived.

    Myra Tenuman represents Myra’s final parcel in Alam Impian and is undertaken in collaboration with fellow landowners and partners Naza TTDI and Triterra, underscoring the area’s emerging profile as one of Shah Alam’s most valuable suburban corridors.

    To make homeownership more accessible and customisable, Myra has partnered with RHB Banking Group (RHB) to introduce a bundled Home & Renovation Loan/Financing package, marking RHB’s first collaboration of this kind with a property developer.

    This financing solution offers eligible homebuyers up to 120% financing of either the Sales and Purchase Agreement (SPA) price or open market value. Significantly, up to 30% of this amount can be specifically allocated for renovations, covering a wide range of enhancements including tiling, fittings, structural upgrades, and interior design.

    Jeffrey Ng Eow Oo, Managing Director, Group Community Banking, RHB Banking Group, said, “We recognise that today’s homebuyers aspire to create spaces that truly reflect their personal style and needs. This pioneering partnership with Myra allows us to empower them with a seamless and flexible financial pathway to achieve this vision, ultimately contributing to a more vibrant and personalised living environment for communities.”

    The renovation portion of the financing will be disbursed progressively over a 12-month period, commencing after the full disbursement of the home loan/financing. This offer is available to both new and existing RHB customers and also covers essential costs such as legal and valuation fees, as well as mortgage protection insurance or takaful, providing a comprehensive financial solution from the initial purchase through to moving in and personalising their new home.

    While Myra Tenuman buyers can only apply for the renovation loan upon completion, RHB’s financing initiative will also be extended to selected completed properties within Myra’s portfolio, including Myra Saujana Phase 4 in Sepang and Myra Gardens Phases 2 and 3 in Sungai Buloh.

  • RHB #JOMBIZ empowers over 700 micro-entrepreneurs

    RHB #JOMBIZ empowers over 700 micro-entrepreneurs

    RHB Banking Group (“RHB” or the “Group”) celebrates the continued success of its #JomBiz programme, a socio-economic empowerment initiative aimed at empowering B40 micro-entrepreneurs. Since its launch in 2022, the programme has invested over RM1.1 million, benefitting more than 700 micro-entrepreneurs and delivering an impressive 35% average sales growth within just three months.

    The 2025 RHB #JomBiz Award Ceremony celebrated these remarkable achievements of selected micro- entrepreneurs from RHB Jom#Biz, showcasing the programme’s critical role in providing funding, capacity building, and mentorship to Micro, Small and Medium Enterprises (MSMEs) from the B40 group and underserved communities. The ceremony recognised the recipients of business incentive funding from Cohort 5 of the #JomBiz programme. Participants undergo capacity-building classes on topics such as social media marketing, sustainable business practices, and financial management. Following these sessions, they present their business plans to a panel of judges, with the top 10 proposals receiving initial funding ranging from RM5,000 to RM15,000 to support their business growth.

    Dato’ Mohd Rashid Mohamad, Group Managing Director/Group Chief Executive Officer of RHB Banking Group, emphasised RHB’s commitment to supporting micro-entrepreneurs, “We recognise the immense potential of MSMEs in transforming lives and uplifting communities, but we also acknowledge the challenges they face such as limited access to funding, lack of business knowledge, and the difficulty of building networks within competitive markets. This initiative reflects our unwavering commitment to driving growth, fostering resilience, and empowering participants to overcome obstacles and thrive in today’s dynamic economy.”

    At the graduation ceremony of Cohort 5, Dato’ Mohd Rashid also shared inspiring success stories from the programme, including participants who secured franchise opportunities and supply contracts with renowned companies after attending the Franchise Expo Malaysia (FEM) 2024 organised by the Malaysia Retail Chain Association (MRCA). Notably, four #JomBiz participants were recognised at The Star Outstanding Business Awards (SOBA) 2023.

    The top 3 winners of Cohort 5’s business incentive funding are:

    • 1st Place Puan Nurul Farhana Binti Amirul Hizan, Hanawarrah Creation Enterprise (healthy dried snack food products) – awarded RM15,000
    • 2nd Place Encik Mohd Shafiq Ezwanie Bin Jafri, Senju Co (pastry and bakery business) – awarded RM12,000
    • 3rd Place Puan Nur Shawani Binti Che Mansur, Wisymadani Resources (agro-tourism and agro-based industry business) – awarded RM10,000

    Dato’ Mohd Rashid concluded, “These stories inspire us at RHB to continue providing more platforms for our RHB #JomBiz participants. We hope their success inspires and motivates other micro-entrepreneurs to pursue their dreams.”

    RHB aims to expand the #JomBiz programme in 2025 to reach more participants and broaden its impact on Malaysia’s micro-entrepreneur community. The programme will continue to prioritise Asnafs, single parents, and Persons with Disabilities (PWDs), ensuring inclusive opportunities for all.

    Learn more about how RHB #JomBiz can help micro-entrepreneurs achieve their goals by visiting https://www.rhbgroup.com/jombiz.