What is Maybank in Cambodia?
The Maybank branch in Phnom Penh in Cambodia became operational in december 1993. The Cambodian branch of Maybank offers wide range of financial services to many Malaysian and Singaporean owned corporations who invests in the infrastructure development and some service sectors in Cambodia. After this the branch of Cambodia Maybank has expanded its banking services to local businesses by targeting the local market, commercial and corporate sectors. The Maybank in Cambodia embarks on expanding its branches in Cambodia so it opened its second branch at Toeuk Thla in March 2008 to complement the services nearby airport and Phnom Penh industrial area. It opened its another branch in Mao Tse Toung Blvd in January 2009. With the addition of many branches now it has a total of 16 branches in Cambodia. Due to opening of these branches the Maybank's commitment to Cambodia is reaffirmed. Now they are able to serve the larger community of Cambodia. It has an average asset growth of 32% year-on-year. To make its long-term commitment in Cambodia as a regional bank in April 2012 it was locally incorporated to become Maybank ( Cambodia) Plc. It offers many banking services as term loan, housing loan, project financing, internet banking, trade financing, shipping guarantee, retail banking, fixed deposits, ATM services etc. The branches opened in Cambodia helps to facilitate the economic growth in the country.