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In Brief: Maybank opens branch

KUALA Lumpur-based Maybank opened its sixth Cambodia branch Monday which it hopes will help boost loan and deposit growth by 38 percent and 15 percent respectively by June next year, according to a press release. The branch was opened near Phnom Penh’s Olympic Stadium, it added. “The new branch will tap the growing opportunities in Cambodia,” Abdul Farid Alias, Maybank’s senior executive vice president, said in the announcement, adding that deposits and total assets for Cambodia operations grew by 27 percent over the past three years.

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