Al Rajhi Bank remains vested in Kuching
KUCHING: Al Rajhi Bank Malaysia, a wholly owned subsidiary of the world’s largest Islamic bank, remains vested in Kuching given that it is an important market for the group.
According to chief executive officer (CEO) Steve Chen, Al Rajhi Bank Malaysia will be investing more in their team in Kuching to serve customers better.
“As a wholly owned subsidiary of the world’s largest Islamic bank, Al Rajhi is committed to honour modern Islamic financial demands via the use of technology and innovation of bespoke banking products,” he said yesterday during the relocation of its Kuching Branch to Satok.
“We are also extremely honoured and delighted to have served our customers in Malaysia in the last ten years since we incorporated in Malaysia. Till today, the values that we uphold in Al Rajhi Bank have positioned us as a universal bank, bringing together people of all races and nationalities to bank with us.
“We hope this will continue for many years to come. Given the progressive development here in Kuching, there has never been a better time for us to invest as well as transform our business,” Chen said.
He went on to say that the relocation of the Kuching branch to Jalan Kulas forms part of the bank’s continuing commitment to Kuching.
“It is also the first time we will be launching our corporate and investment banking platform. As you know, in the past, we used to serve our clients from Kuala Lumpur. Today we are actually building a team here to serve our clients better,” he affirmed.
The new Satok Bank branch located at No. 11E, Lot 530, Section 6, Sub-lot 5, KTLD Jalan Kulas, 93400 Kuching, Sarawak, is strategically positioned in the heard of a central business district area and aims to cater to commercial and business clients.
“Al Rajhi Bank has been operating in Kuching now for a number of years and, through this move to a more central location, we hope to continue offering the best in valued service and products to our customers.
“Additionally, our Satok branch will also offer Commerical and Investment Banking (CIB) services from the CIB office located on the first floor of the branch.
“This aims to cater to the needs of the business community around Kuching and the community within, in particular.
“We are very excited to be operating from this new branch and look forward to continuing to deliver our service to existing and new personal and business banking customers,” Chen said.
Also present during the launch were Al Rajhi Bank Malayisa Retail director Alan Wee Mun Seng, syariah director Ahmad Alfisyahrin Jamilin as well as Commerical and Investment Banking executive vice president Vincent Lim.
The new branch located in Jalan Kulas, Satok commences business at the new location with all existing current and savings account holders’ information remaining the same. The branch will also continue to provide similar syariah compliant products and services.
In conjunction with the new branch launch, customers in Kuching will enjoy an exclusive offer for Term Deposit- i with a profit rate of 3.75 per cent per annum when they place a minimum deposit of RM500 with Al Rajhi Bank Kuching branch by September 15, 2016.