The 2nd Bank from Taiwan Opens in Cambodia

Phnom Penh: Taiwan Cooperative Bank, one of the leading banks in Taiwan, officially commenced business in Phnom Penh on 28 March. Speaking at the ceremony, the vice-governor of the National Bank of Cambodia Mrs. Ouk Maly, said that the presence of the bank in Cambodia will bring new sources of capital, new hi-tech banking solutions, and new employment to Cambodia. In addition, she believes that more investors from Taiwan will come to Cambodia for business opportunities, and the overseas branches reflect determination to move into the international financial market, she added. The bank's branch in Cambodia is the beginning of Taiwan Cooperative Bank for its expansion in the Indo-China Peninsula. Furthermore, the bank will not only serve local businesspeople from Taiwan, but also expand Cambodian local businesses and individual, she added. (Rasmei Kampuchea)