Maybank plans Cambodia subsidiary

Malayan Banking Bhd (Maybank), one of Malaysia’s largest banks, plans to transition its Cambodian branch into a subsidiary in a bid for larger market share in the Kingdom’s crowded Cambodian banking sector. The bank, which opened as a branch in 1993, received a local incorporation licence from the National Bank of Cambodia in late March, allowing it to operate autonomously of its parent company in Malaysia. Maybank has 11 branches in the Kingdom, according to its website. …

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