A Change of Guard

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Tuesday 26 October 2010

Public Bank’s Cambodian unit sets up securities business

PETALING JAYA: Public Bank Bhd unit Cambodian Public Bank plc (CampuBank) has established a wholly-owned subsidiary, CampuBank Securities plc, in Cambodia.

CampuBank Securities had obtained a securities company licence from the Securities and Exchange Commission of Cambodia, which would enable it to carry out securities underwriting business, securities dealing business, securities brokerage business and investment advisory business in Cambodia, Public Bank told Bursa Malaysia yesterday.

It said the issued and paid-up capital of CampuBank Securities was equivalent to about RM31.1mil.

“CampuBank Securities was established to support and participate in the Cambodian government’s initiatives to develop a capital market, thus enhancing Public Bank’s role in the financial services industry in Cambodia.

“With its licence, CampuBank Securities will be able to provide share broking and corporate finance related services.

“This will serve to increase the suite of products available to the customers of Campu Bank,” the bank said.

CampuBank, which has carried out commercial banking business in Cambodia since May 1992, currently has 20 branches strategically located in the country, according to Public Bank.

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