RHB TEACHES KIDS, YOUTHS FINANCE
Bank educates younger generation on the importance of saving
RHB Bank Bhd seeks to reach out to thousands of students through “RHB X-Cel” and “RHB MoneyMaster” next year. The two educational initiatives were introduced this year as part of its commitment to nurture future generations.
Nurturing future generations, one of four pillars under RHB Foundation (RHBF), seeks to empower children and youth to achieve their potential.
RHBF chairman and RHB Bank group managing director Datuk Khairussaleh Ramli said more than 800 students from 18 schools were selected to be part of RHB X-Cel.
The bank had reached out to 9,151 students from 43 schools under RHB MoneyMaster, he said.
“RHB recognises that investing in children and youth is essential for achieving the nation’s growth aspirations of inclusive and sustainable development. It is RHB’s responsibility to educate the younger generation to appreciate the importance of savings and sound financial management,” he said at the launch of RHB X-Cel and RHB MoneyMaster here.
RHBF had allocated RM2 million for the initiatives over the next two years, he added.
RHB X-Cel provides underprivileged children and youth with opportunities to excel academically through structured learning aids and tuition classes, focusing on five subjects.
RHB introduced RHB MoneyMaster, a financial literacy programme, aimed at secondary school, college and university students, to educate them on managing their finances, cultivating a savings habit and teaching them to achieve financial freedom.
RHB MoneyMaster includes sessions covering savings tips, opening banks accounts and how to recognise and avoid scams.
Selangor Menteri Besar Amirudin Shari said RHBF recognised the need of the future generations, particularly children from Bottom 40 income group, and the need to elevate their socio-economic standing.
“Not only will they have a chance to excel academically, but they will also be financially literate. Hence, the aim to elevate their socio-economic standing will materialise.”