Business

Monday July 27, 2009

No mountain too high for Al-Rajhi Bank


KOTA KINABALU: In proving their commitment to expand its banking network into Sabah, a group of Al-Rajhi Bank staff are attempting to set a record for being the first bank in Malaysia to perform online transactions today from the peak of Mount Kinabalu.

Once successful, the bank will be endorsed as the first ever bank in Malaysia to perform online banking transactions from the country’s highest altitude.

The manager for the record-breaking project, Mohd Najid Yahya, who is also Al-Rajhi Bank’s senior vice-president for business intelligence, said one of the objectives of the project was to send a message to Sabahans that the bank was coming to the state soon.

”We plan to have at least one branch in Sabah by first quarter of next year,” he told Bernama in an interview yesterday.

Najid said the bank had been given licences to open 50 branches throughout the country by Bank Negara.

Having started operations in Malaysia for almost two years now, the bank currently has 19 branches in the country.

Fourteen are in the Klang Valley and one branch each in Kota Baru, Johor Baru, Malacca, Penang and Kuching.

”It’s our five-year plan to have 50 branches since the establishment of Al-Rajhi Bank two years ago,” he said.

The bank would have set up all the branches by 2012 and “each state will have at least one branch by that time,” he said. — Bernama

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