Tokyo, Sept 1, 2008 (Jiji Press) - SBI Holdings Inc. <8473> opened a bank in Phnom Penh, Cambodia, Monday, becoming the first Japanese financial company to launch banking operations in the Southeast Asian country.
Phnom Penh Commercial Bank Ltd., owned 40 pct by SBI and 57 pct by South Korea's Hyundai Swiss, initially focuses on deposit-taking business. It plans to expand into such fields as real estate-related financing and financing for foreign firms operating in Cambodia.
Phnom Penh Commercial Bank Ltd., owned 40 pct by SBI and 57 pct by South Korea's Hyundai Swiss, initially focuses on deposit-taking business. It plans to expand into such fields as real estate-related financing and financing for foreign firms operating in Cambodia.
| By Jiji Press, (c) Jiji Press |
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