MAYBANK OPENS NINTH BRANCH IN CAMBODIA

KUALA LUMPUR, Oct 21 (Bernama) -- Maybank, Malaysia's major financial services
provider, has opened its ninth branch in
Cambodia to expand customer reach and tap the growing economic potential in that
country.

"We have been on an aggressive expansion trail in Cambodia with eight branches
opened in the last two years and are targeting to open two more branches by end
of 2011," said Maybank Head of Global Wholesale Banking Abdul Farid Alias.

Located in Sihanoukville, it is the third provincial Maybank branch
outside Phnom Penh City, in addition to branches in Siem Reap and Battambang, the
bank said in a statement Thursday.

It said six other branches were all within Phnom Penh, namely Kramoun Sar,
Teukthla, Mao Tse Toung, Olympic, Chbar Ampov and Toul Kork.

Abdul Farid said there was a pent up demand for financial services in Cambodia
with its economy enjoying a rebound and diversifying from traditional industries
such as textile production to tourism and oil exploration.

"Cambodia is expected to grow by over four per cent this year and we see good
prospects for the country which continues to attract strong foreign investment.

"Maybank is here for the long-term and we remain committed to helping in the
growth and development of the financial services sector in the country," he
said.

Abdul Farid said the new branch was also part of Maybank’s strategic plans to
expand its footprint in the Indo-China market in line with the bank's vision to
become a regional financial services leader.

The branch adds to Maybank’s international network, which now spans over 1,750
offices in 14 countries, namely Indonesia, the Philippines, Singapore, Pakistan,
Brunei, Vietnam, China, Hong Kong, New York, London, Bahrain, Labuan, Uzbekistan
and Papua New Guinea.
-- BERNAMA




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