China’s Taiwan opens 2nd bank in Cambodia
Taiwan Cooperative Bank, one of the leading banks in China’s Taiwan, officially commenced business in capital Phnom Penh on Thursday, bringing the number of commercial banks in the kingdom to 33. Taiwan Cooperative Bank is the 2nd bank from China’s Taiwan in Cambodia after the Mega International Commercial Bank opened its door in September 2011. … Cambodia sees fast growing in banking sector in recent years. As of last year, the kingdom’s commercial banks had lent a total of 5.89 billion US dollars to customers, a 34 percent rise year- on-year, according to the report of the National Bank of Cambodia. On the deposit side, the customers’ deposits at the banks had amounted to 6.19 billion US dollars by last year, up 25 percent year-on-year, it said. …
