RHB Bank's Singapore unit key to regional growth plan, targets
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% by 2027, a senior executive said on Friday.
Singapore's low taxes, political stability and its location as a gateway to the growing Southeast Asian markets are luring ultra-rich investors and financial institutions, making it a top regional financial hub.
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