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RHB Bank to expand in Singapore

Malaysia’s RHB Bank, wants to triple the profit of its Singapore unit over the next two years. To meet its aggressive target, it is looking to double its staff strength to 1,000 over the same period. Singapore is the top overseas contributor to RHB’s group revenue, accounting for close to 5%. The bank said it targets to have overseas revenue making up 40% of its group revenue by 2020, up from 12% currently. RHB Bank has relocated its branch at Bukit Merah to Westgate Mall in Jurong and it is intended tap on the more than 3000 companies around the International Business Park, and the Jurong and Tuas industrial estates.

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