BOC to expand operations in Cambodia

Bank of China prompted by rapid business growth in Cambodia.

Zhu Shuming, BOC deputy governor, said the bank has started to make profits from its business operations and was the seventh largest bank in Cambodia. BOC began operating in Cambodia two years ago.

He said the bank planned to increase its investment in Cambodia through opening more sub-branches.

"The bank's progress shows that Cambodia's banking sector still has much room to grow," Zhu said.

Cambodian government officials said the presence of BOC has largely contributed to developing Cambodian economy and strengthening the banking system. They noted that BOC that is playing a vital role in promoting trade and investment ties between Cambodia and China.

China set a target last year to boost bilateral trade volume to US$5 billion by 2017. BOC intends to lend more to trade sector in order to help the two countries achieve the goal.

Cambodia has 33 commercial banks, serving about 1.6 million borrowers and 1.9 million depositors, said the government.

Also Read

Krungthai Bank temporarily closes 4 branches due to floods

Bank Negara Malaysia releases policy document on claims settlement practices

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit