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BRANCH BANKING | Staff Reporter, Malaysia

RHB Indochina Bank opens two more branches in Cambodia

It's the bank's 10th and 11th branch in the country.

According to a release, RHB Indochina Bank Limited, a member of the RHB Banking Group, Malaysia’s fourth largest fully integrated financial services group, officially opens the Mao Tse Tung and Boeung Keng Kang branches today.

This marks RHB Indochina Bank’s 10th and 11th branch opened in Cambodia over a period of 8 years bringing it to a total of seven branches in Phnom Penh and four branches in the provinces, namely, Kampong Cham, Battambang, Siem Reap and Preah Sihanouk.

The grand opening of the new branches were officiated by Her Excellency Ouk Maly, Deputy Governor, National Bank of Cambodia and was attended by His Excellency Dato’ Sri Hasan Malek, Ambassador of Malaysia to the Kingdom of Cambodia, Tan Sri Azlan Zainol, Chairman of RHB Banking Group,Tuan Haji Khairuddin Ahmad, Chairman of RHB Indochina Bank Limited, Dato’ Khairussaleh Ramli, Group Managing Director of RHB Banking Group as well as other Board of Directors and Senior Management of the RHB Banking Group.

“As a Group, we have the capabilities and resources to support our regional expansion plans and we will continue to build on our strength within the region. We target for our international operations to contribute 20% of the group’s profitability by 2020. This is in line with our Reframed Group Strategy which emphasises on performance and the delivery of superior customer experiences to all our customers,” said Dato’ Khairussaleh Ramli.

RHB Indochina Bank’s asset grew 62% in 2015 and it has been growing at an average of 50% every year since inception. From the time RHB commenced business in 2008, the bank has been very fortunate to have the unwavering support of its customers.

The Mao Tse Tung Branch and Boeung Keng Kang Branch will offer customers a wide range of retail and commercial banking products and services including over-the-counter transactions comprising current account, savings account, fixed deposit, remittances, foreign exchange, money transfer services, trade financing and loan facilities. The branch is also equipped with the industry’s first 24-hour full-function Automated Teller Machine (ATM) services for cash deposits, cash withdrawal, cheque deposit and cross-currency withdrawals, all-in-one.

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