RHB poised for Japan expansion with Sumitomo MoU

RHB strengthened its position in Japan with its alliance with Sumitomo Mitsui Banking Corp.

An MoU has been signed by both banks.

RHB sees this MoU as one of the many proactive steps it is taking in enhancing its local and global strategic economic network.

The bank wants to establish a stronger foothold in the international arena as part of its strategy for business expansion with ever deepening economic ties between Japan and Malaysia, according to a report by thestaronline.

RHB Banking Group managing director Datuk Tajuddin Atan said strengthening and reinvigorating its existing strategic alliance was worth every penny from a business perspective.

RHB said the cooperation would improve the group's risk-taking capacity, which covers various areas, including cash management, trade finance and corporate banking, and help to develop new domestic and cross-border businesses in areas such as structured finance, debt capital markets, securities and investment banking.

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