Malay Hong Leong Bank plans Cambodian branch
Malaysia-based Hong Leong Bank, a subsidiary of Hong Leong Financial Group Berhad, is planning to open a branch in Cambodia sometime this year, which would make it the fourth Malaysian bank and the 33rd commercial bank in Cambodia’s crowded banking industry. Ngoun Sokha, director general of the National Bank of Cambodia (NBC), confirmed yesterday that the bank had applied for a licence last year. … Hong Leong Bank has been operating in Malaysia for more than 100 years. In 2011, Hong Leong Bank completed a merger with EON Bank Group. …
