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European Bank Adds Cambodia to Network


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Khmer Times/May Kunmakara

France’s BRED Bank, one of the largest lenders in Europe, plans to open its first branch in Cambodia by the end of the year as it expands its network in ASEAN, its CEO said, adding that it aims to assist small and medium-sized enterprises (SMEs) and boost exports and imports.

Cambodia will be the third member of ASEAN that the bank has a presence in, after Singapore and Malaysia.

BRED Bank CEO Olivier Klein led a delegation to meet Secretary of State Kem Sithan in Phnom Penh on Wednesday to announce the opening of the branch, saying it wanted to participate in the growth of Cambodia’s financial sector.

read more: http://www.khmertimeskh.com/news/19971/european-bank-adds-cambodia-to-network/

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