Malaysia’s Hong Leong Bank enters Cambodia

hongleongMalaysia-based Hong Leong Bank has secured a banking licence for its operations in the Cambodia from the National Bank of Cambodia. Operations on July 8, the bank said in a statement to the Bursa Malaysia.

“With the establishment of a bank in Cambodia, Hong Leong Bank would contribute to the banking sector as well as the broader economy of Cambodia,” it said.

The entry into Cambodian is the bank’s second expansion after int ventured into Vietnam at the end of 2008 through another subsidiary and now has four branches in that country. It also owns a minority stake in the Bank of Chengdu Co. Ltd, a China-based bank.

Other than that, Hong Leong Bank also operates wealth management and global markets services in Singapore and Hong Kong.

Hong Leong Bank joins other Malaysian banks such as Maybank, CIMB and Public Bank operating in Cambodia.



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Malaysia-based Hong Leong Bank has secured a banking licence for its operations in the Cambodia from the National Bank of Cambodia. Operations on July 8, the bank said in a statement to the Bursa Malaysia. “With the establishment of a bank in Cambodia, Hong Leong Bank would contribute to the banking sector as well as the broader economy of Cambodia,” it said. The entry into Cambodian is the bank's second expansion after int ventured into Vietnam at the end of 2008 through another subsidiary and now has four branches in that country. It also owns a minority stake in the...

hongleongMalaysia-based Hong Leong Bank has secured a banking licence for its operations in the Cambodia from the National Bank of Cambodia. Operations on July 8, the bank said in a statement to the Bursa Malaysia.

“With the establishment of a bank in Cambodia, Hong Leong Bank would contribute to the banking sector as well as the broader economy of Cambodia,” it said.

The entry into Cambodian is the bank’s second expansion after int ventured into Vietnam at the end of 2008 through another subsidiary and now has four branches in that country. It also owns a minority stake in the Bank of Chengdu Co. Ltd, a China-based bank.

Other than that, Hong Leong Bank also operates wealth management and global markets services in Singapore and Hong Kong.

Hong Leong Bank joins other Malaysian banks such as Maybank, CIMB and Public Bank operating in Cambodia.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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