Sumitomo Mitsui bank returns to Kingdom after 45 years
Sumitomo Mitsui Banking Corporation (SMBC) of Japan will sign a memorandum of understanding with Acleda Bank Plc this weekend for mutual business co-operation. Senior Acleda officials said the agreement would help to improve investment and trade from Japan to Cambodia. ... Acleda will also give Japanese investors and businesses advice on the economy, investment information and additional help so they may invest in a wide number of sectors across the country, he [In Channy, Acleda’s president and CEO] said. ... Both banks will provide mutual support for their respective clients, as well as promote economic co-operation between Cambodia and Japan on the activities such as: loans, deposits, money transfers, cash management, and other trade finance services, said the statement. ...
