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Malaysian bank CIMB launches today

A Fourth Malaysia bank CIMB- is set to launch in Cambodia today, bringing the number of banks operating in the Kingdom to 29. The new entry demonstrated the soundness and strength of Cambodia’s financial sector. In Channy, president and CEO of ACLEDA Bank, welcomed the investment, stating this emphasizes the trust in the Cambodian banking regulations and systems, as well as the growth of Cambodian economy.

Vice president and advisor to Canadia Bank, Dieter Billmeier, noted that CIMB was a well known, respected and experienced Asian bank that could bring its expertise to the Kingdom.

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