Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - ANZ Royal profits steady

ANZ Royal profits steady

ANZ Royal recorded double-digit growth in 2009 in terms of revenues and profits before provisions and tax, CEO Stephen Higgins told the Post Thursday. This “is quite pleasing in the context of the sharp economic slowdown in 2009”, he said, adding that the bank had initiated higher credit provisions due to the downturn, particularly at the beginning of last year. “This has resulted in the bottom line being lower than 2008, which is not surprising given the environment.” The International Monetary Fund warned last month that Cambodian banks could expect lower profitability in 2009.

0

Comments

Please, login or register to post a comment

Latest Video

First They Killed My Father author Loung Ung on trusting Angelina Jolie to tell a story for all Cambodians

The story of Loung Ung and her family’s suffering under the Khmer Rouge became known around the world with the success of her autobiographical book, First They Killed My Father.

Setting up a drone for flight. Photo supplied

How Cambodia's first drone company is helping farmers

SM Waypoint claims its unmanned aerial vehicles can help local farm and plantation owners increase their yields.

New street food dish shakes things up at Russian Market

Though the bustling food stalls that emerge after dark next to Russian Market can seem intimidating to tourists at first glance, there are street food treats to be enjoyed by all.