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CIMB looks to Cambodia

CIMB Group Holdings Bhd said Monday that it has applied for a banking licence in Cambodia, though National Bank officials could not confirm the application. “We have applied for licences in Vietnam and Cambodia, that’s all for the moment. But CIMB does have strategies for all other Asean markets,” CIMB chief executive Datuk Seri Nazir Razak was quoted saying by the Bernama news agency. However, he did not reveal the details of the application or when the outcome is expected. Central bank Director General Tal Nay Im and her deputy, Nguon Sokha, said Tuesday they were unaware of the submission. Adrienne Kim, a spokeswoman for CIMB Investment Bank, declined to comment Tuesday.

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