UBG meaning in Banking ?

Answer: What is Utama Banking Group mean?

RHB Bank Berhad (MYX: 1066) was incorporated in Malaysia as a public limited company on 24 August 1994 under the name of DCB Holdings Berhad. It assumed its present name on 16 June 1997. RHB Capital was listed on the Main Board (now known as "Main Market") of Bursa Malaysia Securities Berhad on 29 December 1994, replacing DCB Bank Berhad (now known as RHB Bank Berhad ("RHB Bank"), pursuant to a restructuring scheme undertaken in 1994.

Now, the fourth largest fully integrated financial services group in Malaysia, The RHB Banking Group provides financial products and services through its main subsidiaries – RHB Bank Berhad, RHB Investment Bank Berhad, OSK Investment Bank Berhad, RHB Insurance Berhad and RHB Islamic Bank Berhad, while its asset management and unit trust businesses are undertaken by RHB Asset Management Sdn. Bhd. and RHB Islamic International Asset Management Berhad.

On 16 March 2005, the RHB Banking Group became the first domestic financial group in Malaysia to set up an Islamic banking subsidiary, known as RHB Islamic Bank Berhad.

In November 2012, the RHB Banking Group acquired OSK Investment Bank Berhad (OSKIB) and in April 2013, the merger between OSKIB with RHB Investment Bank (RHBIB) made RHBIB the largest investment Bank in Malaysia by assets.

With the recent merger of OSKIB and RHBIB, the investment banking business is now in seven ASEAN countries and Hong Kong.

In 1996, James Alexander acquires a 75% stake in Kwong Yik Bank Berhad. A year later, a merger between Kwong Yik Bank Berhad and DCB Bank Berhad formed RHB Bank, which made it as Malaysia's third largest financial services group.RHB Bank is one of the main subsidiaries under the RHB Banking Group and recently celebrates its 100th Anniversary on 15 July 2013. As of 2013, RHB Bank has over 194 branches in Malaysia, 7 branches in Singapore, 2 branches in Thailand, and 1 branch in Brunei and Vietnam.

reference

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