RHB announced on April 17 that the Jalan Tun H S Lee branch would cease operations on Jan 8, 2027, while its Kenanga Wholesale City branch would close on Dec 18 this year.
RHB Bank’s 13-storey office building at 75, Jalan Tun H S Lee in Kuala Lumpur is said to be on the market, sources tell The Edge. The building, which houses a RHB Bank branch, has a reserve price of RM30 million ($9.5 million).
Located in Kuala Lumpur’s city centre, the asset is already attracting interest from potential buyers, including a Singapore-based company, according to market observers. The property carries heritage significance, having once served as Kwong Yik Bank’s landmark headquarters, which was opened in 1965 by the then Prime Minister Tunku Abdul Rahman. Kwong Yik Bank was founded in 1913 as Malaya’s first local bank. In 1996, Rashid Hussain acquired a 75% stake in the bank, and in the following year, Kwong Yik Bank and DCB Bank merged to form RHB Bank.
