RHB wins three-year currency exchange tender at Changi Airport

This means that RHB will increase the number of its currency exchange counters from 2 to 15, located across all the terminals at the Changi Airport.

RHB Bank has won a three-year tender awarded by Changi Airport Group to operate half of its total number of currency exchange counters in the airport, following a competitive pitch earlier this year.

This means that RHB Bank will increase the number of its currency exchange counters from two to 15, located across all the terminals at the Changi Airport, including the Budget Terminal.

Supported by the almost seven-fold increment of presence in Changi Airport, RHB Bank expects its currency exchange business revenue to grow by almost 7 times and subsequently sustain a promising annual growth of 15% to 20% based on anticipated increase in passenger traffic at Changi Airport.

At the grand opening of the 15 RHB currency exchange counters today, Tan Sri Azlan Zainol, Chairman of RHB Bank Berhad said that the partnership with Changi Airport is an important milestone for the bank’s regional expansion plans. Tan Sri Azlan commented: “Singapore is a key regional market for RHB Bank. With Changi Airport achieving record passenger traffic year on year, our increased presence in one of the world’s busiest airport will allow us to reach out to an international mix of customers and can translate to potential business opportunities for us.”

Mr Jason Wong, Country Head of RHB Bank Singapore expressed that there is good synergy between the bank and the internationally-acclaimed Changi Airport. Mr Wong said: “We are delighted to be awarded the tender and to continue our growing partnership with Changi Airport, with whom we share the same vision in service excellence. As one of the significant tenants in the airport, we will focus in doing our best to contribute to the overall customer experience of both local and international visitors through our service and product offerings.”