CIMB aiming to be top 10 in Cambodia

18 June 2012
The Star
Banking and financial services / Economy and commerce
Banks / Bun Yin / Cambodia / Cambodian banking / CIMB ASEAN Conference / CIMB Bank plc / Deposits / growth in deposits / growth in loans / loan size / StarBiz

CIMB Bank plc, which aims to be among the top 10 banks in Cambodia over the next five years, is targeting more than US$100mil (RM317mil ) in deposits and US$90mil (RM285mil) in total loan size by year-end. Its deputy general manager and head of commercial banking Bun Yin said these targets were commendable judging from the fact that CIMB started operations more than a year ago and was a relatively new player in the Cambodian banking landscape. In an interview with StarBiz on the sidelines of the CIMB Asean Conference recently, Bun said total deposits for the first three months of this year had actually exceeded the US$100mil mark and was confident loans and deposits would grow at a strong rate. …

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