Singapore’s low taxes, political stability, and strategic location continue to attract ultra-high-net-worth investors and financial institutions, reinforcing its position as a leading financial hub in the region.
“RHB Singapore’s exceptional progress exemplifies the kind of forward momentum we aim to replicate across our key markets,“ said RHB Group Managing Director Mohd Rashid Mohamad during a press briefing.
Beyond Singapore, RHB operates in Cambodia, Thailand, Laos, and Brunei. The bank reported an ROE of 10.04% in 2023, with plans to further improve efficiency by reducing its cost-to-income ratio to below 44.8% and gross impaired loan ratio to under 1.3% by 2027. Last year, these ratios stood at 46.7% and 1.47%, respectively. - Reuters
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