MALAYSIA'S MAYBANK OPENS FIFTH BRANCH IN CAMBODIA

KUALA LUMPUR, Aug 10 (Bernama) -- Malayan Banking Bhd (Maybank), Malaysia's
largest banking and financial services group, has opened its fifth branch in
Cambodia.

Located in Chbar Amplov town, south-east of Phnom Penh City, the branch
would offer commercial and wholesale banking together with selected retail
banking services.

In a statement here Monday, Maybank said that it would also offer trade
finance facilities, deposit and placement products, remittance and foreign
exchange service as well as housing loans.

Maybank head of international, Abdul Farid Alias, said the opening of the
fifth branch was part of the bank's strategy to strengthen its presence in the
region as well as support the expanding Cambodian economy.

"Our Cambodian operations, which began in 1993, have shown positive growth
over the years arising from the rapid economic growth there.

"In the past three years, for example, loans grew by 185 percent while
deposits grerw by 27 percent," he said in the statement.

He said the bank would continue to increase its range of facilities and
services to reach even more segments of the local market as it expanded its
operations in Cambodia.
-- BERNAMA