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

Explore the durian and rubber farms of Kampong Cham

Take a drive north of Kampong Cham, past the dirt roads and the dense greenery.

Kem Sokha talks politics, power and Hun Sen

Kem Sokha, leader of the Cambodia National Rescue Party, sat down with The Post’s Alex Willemyns and Mech Dara to discuss his supporters’ initial disappointment with this year’s

The final results from the National Election Committee for the June 4 commune elections show the Cambodian People’s Party taking 1,156 communes to

NEC officials tally votes during a recount last week in Phnom Penh.

Cambodia’s National Election Committee last week rejected 33 of 61 complaints filed over the conduct of June 4’s commune election, according to a s