Taiwan’s leading bank opens in Cambodia to boost trade
The China’s Taiwan leading bank, Mega International (ICBC), on September 30th, opened its first branch in Phnom Penh, aiming to attract more Taiwanese investors to Cambodia and boosting further business. “The Mega ICBC will bring capital investment injection into the economy of Cambodia, employment opportunities, upgrading the know-how of the banking industry, providing more funds to local enterprises, offering better banking services to the customers and to help boom the economy, especially in the factor of international trade,” Chay You Cai, Chairman of the Mega ICBC Phnom Penh branch said during the inauguration. MegaICBC is the most internationalized bank in Taiwan, which has 108 branches in Taiwan, and 32 overseas branches, representatives and subsidiaries. “Mega ICBC Phnom Penh Branch commences to serve in Cambodia and become the 33rd overseas outpost of Mega ICBC, “ he added. Mega ICBC is the sole US dollar clearing and settlement bank in Taiwan which is only one of two banks in Taiwan to supply Chinese RMB banknotes to customers and other local banks in Taiwan…
