Friday, September 5, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Lifestyle

RHB Bank’s Singapore unit key to regional growth plan, targets

by Mark Darwin
in Lifestyle
RHB Bank’s Singapore unit key to regional growth plan, targets
Share on FacebookShare on Twitter


Published Fri, Jul 18, 2025 · 05:34 PM

[SINGAPORE] RHB Singapore, part of Malaysia’s fourth-biggest banking group RHB, will be key in driving its regional expansion plans and help meet targets which include hitting a return on equity of 12 per cent by 2027, a senior executive said on Friday (Jul 18).

Singapore’s low taxes, political stability and its location as a gateway to the growing South-east Asian markets are luring ultra-rich investors and financial institutions, making it a top regional financial hub.

RHB Singapore appointed Goh Ken-Yi as its new CEO earlier this year to advance the bank’s digital capabilities and deliver innovative financial solutions, among others.

Pretax profit at RHB Singapore almost doubled last year, jumping 95.6 per cent year on year to S$98.7 million.

“RHB Singapore’s exceptional progress exemplifies the kind of forward momentum we aim to replicate across our key markets,” RHB Group managing director Mohd Rashid Mohamad said at a press briefing.

Aside from Singapore, RHB has international operations across southeast Asia in Cambodia, Thailand, Laos and Brunei.

According to its 2024 annual report, the bank’s return on equity was 10.04 per cent last year.

The bank also aims to reduce its cost-to-income ratio to under 44.8 per cent by 2027, and gross impaired loan ratio of below 1.3 per cent by 2027. Last year, its cost-to-income ratio was at 46.7 per cent and the impaired loans ratio was at 1.47 per cent. REUTERS

Share with us your feedback on BT’s products and services

Tags: BanksGrowthKeyplanRegionalRHBSingaporeTargetsunit
Mark Darwin

Mark Darwin

Next Post
MYBW 2025: Blockchain Gets National Stage as IOTA Headlines Malaysia’s Flagship Web3 Event

MYBW 2025: Blockchain Gets National Stage as IOTA Headlines Malaysia's Flagship Web3 Event

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2024 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In