Maybank opened 5th branch in Phnom Penh

October 20th, 2009 Cambodia Economy

Despite the time of the global financial crisis, Malayan banking Bhd (Maybank) still opened its fifth branch located at Olympic stadium in Phnom Penh city, it is expected that the new branch will help boost loan and deposit growth by 38 percent and 15 percent respectively by the end of June next year.

Maybank Olympic branch offers commercial and retail banking services, such as trade finance (letter of credits, trust receipts, bank guarantees…etc), remittances, housing loans, over-draft facilities and SMEs loans.

“This latest branch will offer a range of business and retail facilities to cater to local as well as Malaysian and Singaporean business with interests in the country,” Bernama quoted Abdul Farid Alias, Maybank senior Executive Vice-president and Head of International, as saying.

Maybank opened its first main branch in Phnom Penh of the Kingdom of Cambodia since 1993 with its wide range of products and services, it has become the preferred financier of many Malaysians and Singaporeans owned corporations investing in Cambodia’s infrastructure development and service sectors.

So far, Maybank is operating in 13 countries over the world, including Malaysia, Singapore, Indonesia, the Philippines, Vietnam, China, Papua New Guinea, Brunei, Pakistan, Bahrain, Uzbekistan, United Kingdom and the United States.

Related posts:

Posted in Banking System Tags: , , , , , , , , , ,
«
»
You can leave a response, or trackback from your own site. -->

4 Responses to “Maybank opened 5th branch in Phnom Penh”

  1. Bunlin says:
    October 20, 2009 at 12:53 pm

    Hi Good site

  2. Bunlin says:
    October 21, 2009 at 10:23 am

    Thank expressing an opinion about the law neither which country no matter, leader gang will not respect the law, a person who respect the law really is the villager only.

  3. Bunlin says:
    October 23, 2009 at 10:45 am

    True already, nothing people who was have the authoritarian restricted.

  4. Cambodia Economy says:
    October 24, 2009 at 9:21 am

    Commonly, all laws enacted and approved by the national assembly are applied to all levels of people, not only the poor but also the rich and the powerful. But in Cambodia, most of laws are applied to the poor or ordinary people who did something wrong, but the rich and the powerful always stay away from the law or sit on the law. Where is the justice in the current society? The poor is getting poor,the rich is getting rich. People’s rights have been abused by the rich and powerful. Land disputes have happened because of the rich and powerful.

    I feel regretful when the poor people have been killed and badly treated by the authorities in cambodia……

Leave a Reply