A Change of Guard

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Sunday, 25 May 2008

1st Japanese commercial bank opens in Cambodia

PHNOM PENH -A Japanese commercial bank, MARUHAN Japan Bank, was launched Thursday in Cambodia, a move its chairman said will help attract investment from Japanese companies to Cambodia.

At the launch, Han Chang-woo said, “It is the first Japanese commercial bank to come to the Kingdom of Cambodia, a country that has captured the world’s imagination.” He said the establishment of the bank was a result from last year’s visit of Prime Minister Hun Sen to Japan during which he had signed an agreement on the protection and promotion of investment between the two countries.

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