November 09, 2010
Kuala Lumpur, 09 November 2010 - Leading local financial services provider, the RHB Banking Group, has been voted amongst the top 3 Local Cash Management Banks in Malaysia by large-sized corporations, as awarded by Asiamoney magazine.
The 20th Asiamoney Cash Management Poll 2010 is the largest ever poll for Asian cash management businesses, and conducts an annual survey of the region's cash management service providers. A total of 470 financial institutions and 2,759 corporations participated in this year's poll.
This survey is in recognition of Cash Management solutions which are fast becoming an area of serious revenue growth for banks, especially given the trend whereby banks are increasingly becoming 'business partners' for corporations in managing their businesses' most liquid asset: cash.
Michael Lim, Director of Group Transaction Banking of the RHB Banking Group, says, "Cash Management is an important service provided by banks to help their customers manage their cash from payments, collections to liquidity management including trade finance initiation. Our Cash Management systems focus on providing the convenience of access and the comfort of security for our customers."
The Vice President and Head of RHB Bank Berhad's Cash Management Division, Norazila Mohamad Hizam shares that the win is a testimonial of the emphasis the RHB Banking Group places on strengthening corporations' cash management capabilities.
"The RHB Banking Group's cash management system combines the convenience of access and comfort of security. With the advent of the internet, we are providing corporations with a myriad of cash management services right at their desktops and giving them full control of their cash flow management," says Norazila.
The Group CEO of eBworx Berhad, Tan Suan Fong, says, "We are absolutely delighted and proud to be behind the winning technology for the RHB Banking Group. As RHB's Cash Management Solution partner, we believe that RHB has facilitated its clients with a holistic view of cash management and trade finance."
He shares further that RHB has adopted eBworx's cash management system since 2006.
Issued on behalf of RHB Bank Berhad by the Corporate Communications Division, RHB Capital Berhad. For more information, please call Azman Shah Md Yaman at 012-3930044 or Eza Dzul Karnain at 012-3420060.
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