RRHB Capital Bhd.

history, profile, and corporate video

RRHB Capital Bhd. is an investment holding company, which provides financial services such as
commercial banking, Islamic banking, general insurance, and asset management. Its operations
are carried out through the following segments: Corporate and Investment Banking, Retail
Banking, Business Banking, Group Treasury, Islamic Banking Business; Global Financial Banking
and Support Center and Others. The Corporate and Investment Banking segment provides
services for advisory, fund rising in the structuring and issuance of debt securities and capital
market instruments, corporate and debt restructuring, mergers and acquisitions, private
placements, underwriting and structuring of bilateral lending, project financing, loans
syndication, infrastructure financing, initial public offerings of equity related instruments, private
placements and underwriting. It also covers facilities for equity share trading in local and foreign
markets, share margin financing, futures broking products and services, custodian and nominees'
services, investment cash management and unit trust funds. The Retail Banking segment focuses
on providing products and services to individual customers. It offers credit facilities which include
mortgages, hire purchase financing, study loans, lease financing and personal loans, credit cards,
remittance services, deposit collection, general insurance, and investment products. The
Business Banking segment provides funding and lending to small and medium-sized enterprises.
The Group Treasury segment operations are involved in proprietary trading in fixed income
securities and foreign exchange, derivatives trading and structuring, managing customer-based
foreign exchange and money market transactions, funding and investments in ringgit and foreign
currencies. The Islamic Banking Business segment provides commercial banking products and
services in accordance with the principles of Shariah to individual customers, corporate clients,
government, and state-owned entities as well as small and medium sized enterprises. The Global
Financial Banking segment provides commercial banking related products and services tailored
to the specific needs in foreign countries. The Support Center and Others segment offers
nominee services, property investment and rental, dormant operations, and other related
financial services. The company was founded on August 24, 1994 is headquartered in Kuala
Lumpur, Malaysia. “

“RHB Capital Corporate Milestone

Although formed in 1997, our roots go back in time to the early 90s. Many events since that time
have molded us into the bank we are today. Below is brief run-through of the important dates
and events in the history of the RHB Banking Group which include mergers and partnerships with
other banks that have ultimately lead to the RHB Banking Group that we are today.

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 Kwong Yik Bank Berhad

• 1913 – Established with a start-up capital of RM300,000 at the Old Market Square in Kuala
Lumpur, making it Malaya’s first local bank
• 1997 – Merges with DCB Bank Berhad, making it the country’s biggest ever banking
merger at that time
Sime Bank Berhad
(formerly known as UMBC Bank)

• 1959 – A group of businessmen, led by Mr. Chang Ming Thien, a prominent figure in the
rubber industry in Malaya and Singapore, sets up the United Malayan Banking
Corporation Berhad (UMBC)
• 1960 – Officially declared open by Prime Minister Tunku Abdul Rahman Putra Al-Haj. It is
the first commercial bank to be established in independent Malaya
• 1996 – UMBC becomes part of Sime Darby Berhad and is renamed Sime Bank Berhad
• 1999 – Merges with RHB Bank Berhad and becomes part of the RHB Banking Group

DCB Bank Berhad

• 1966 – Establishment of Development and Commercial Bank (D&C (Differential Count)

Bank, later renamed DCB Bank)
• 1997 – Merges with Kwong Yik Bank Berhad to form RHB Bank Berhad, turning a medium-
sized bank into the third largest integrated financial services group in Malaysia

Utama Banking Group (UBG)

• 1976 – A licensed commercial bank, is incorporated as a public company

• 2003 – Merger of RHB Bank Berhad with Bank Utama Berhad into the RHB Banking Group

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 RHB Banking Group

• 1983 – Rashid Hussain secures a broker’s license and sets up Rashid Hussain Securities
Sdn Bhd
• 1996 – Rashid Hussain acquires a 75% stake in Kwong Yik Bank Berhad
• 1997 – Merger of Kwong Yik Bank Berhad and DCB Bank Berhad to form RHB Bank, then
Malaysia’s third largest financial services group
• 1999 – Merger of Sime Bank Berhad and RHB Bank Berhad to form the RHB Banking Group
• 2003 – Merger of RHB Bank Berhad with Bank Utama Berhad into the RHB Banking Group
• 2005 – RHB Banking Group received a license for its Islamic Banking arm – RHB Islamic
Bank Berhad”
Link: https://www.companieshistory.com/rhb-capital/

History
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:

1. 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]
2. The United Malayan Banking Corporation Berhad ("UMBC") was set up in 1959 and later became the
first commercial bank to be established in independent Malaya when it was officially declared open in
1960. In 1996, UMBC became
3. 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]
4. 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 2017[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.

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 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 (Automated Teller Machine) 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.

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 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 (Association of South East Asian Nations) and Hong Kong.

2015: Banking and financial services group RHB Capital Bhd (RHBCap) has appointed Datuk Khairussaleh
Ramli [5] as chief executive officer and managing director with effect from May 5, 2015.

2017: Proposal merger between RHB Bank and AmBank Group.[6][7]

2017 : Merger plans scrapped between RHB and Ambank Group as both parties cannot mutually agree on
terms.

Link: https://en.wikipedia.org/wiki/RHB_Bank#History

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