News

IFC sells stake in Cambodia's commercial bank to Japanese bank

The International Finance Corporation (IFC), a member of the World Bank Group, has sold its 12.25 percent stake in Acleda bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) in an undisclosed amount after having supported Acleda for over 15 years, said an IFC news statement ...

Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=235929

PPSEZ signs MoU with Tokyo bank

Tokyo-based Sumitomo Mitsui Banking Corporation (SMBC) has signed a memorandum of understanding with the Phnom Penh Special Economic Zone (PPSEZ) to help support Japanese investment in Cambodia. The MoU was signed by SMBC President and CEO Takeshi Kunibe and PPSEZ Chairwoman Lim Chhiv Ho earlier this ...

May Kunmakara
http://www.phnompenhpost.com/business/ppsez-signs-mou-tokyo-bank

Japanese Mizuho Bank to Open Representative Office

One of Japan’s largest banks will open a representative office in July due to burgeoning interest in Cambodia most likely by Japanese investors, a bank official said yesterday. Mizuho Financial Group will open a small office in Phnom Penh Tower on Monivong Boulevard on July 8, ...

http://www.cambodiadaily.com

Sumimoto Mitsui sins agreement with Acleda

One of Japan’s biggest banks, Sumimoto Mitsui Banking Corporation (SMBC) signed agreement with Acleda Bank to share market data and banking services. The deal will give Japanese investors information on the economy and offer other banking services and is aimed at improving bilateral trade and investment. The deal would ...

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