Sumimoto Mitsui sins agreement with Acleda
One of Japan’s biggest banks, Sumimoto Mitsui Banking Corporation (SMBC) signed agreement with Acleda Bank to share market data and banking services. The deal will give Japanese investors information on the economy and offer other banking services and is aimed at improving bilateral trade and investment. The deal would also allow SMBC to feel out the market before applying for a full commercial banking license, according to Nguon Sokha, director-general of the National Bank of Cambodia. …
