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. …
