Bank to join growing group from Taiwan

Taiwan-based Shanghai Commercial & Savings Bank Ltd plans to open a representative office in Cambodia, joining an increasing number of Taiwanese banks and garment industry investors in the Kingdom. …

Shanghai Commercial & Savings would enter a crowded sector, behind other Taiwanese-based financial intuitions [sic]. Hua Nan Commercial Bank said last month that it would open a branch in Cambodia, hoping to capitalise on the country’s high number of Taiwanese investors and high interest rates. …

http://www.phnompenhpost.com/2013061366235/Business/bank-to-join-growing-group-from-taiwan.html