Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - New Briefs: MBf Bank on the Ground in Phnom Penh

New Briefs: MBf Bank on the Ground in Phnom Penh

The MBf Asia Capital Corporation of Hong Kong has stepped forward to open an affiliate

bank-the MBf Asia Capital Bank Ltd. in Phnom Penh on Dec. 15.

"This is a private, full-service commercial bank," said Joseph Arul Raj,

the Malaysian manager of MBf Asia Capital Bank Ltd.

The initial level of capitalization was not made public, but the manager said he

was satisfied with the requirements of the National Bank of Cambodia.

"Cambodia is a good market because of its triangle locality. It is a good center

for business," said Raj.

The fully-computerized MBf Asia Capital Bank Ltd. provides foreign exchange services

(in U.S. dollars and riel), fixed deposits and currency account services. The interest

rate for U.S. $ savings accounts is 2.5 percent a year.

Regardless of the political situation in the country, the bank is looking forward

to providing credit facilities to customers who have "repaying capacity,"

he said.

MBf Asia Capital Bank is located at 45 Sivutha St., Sangkat Chaktomuk, Khan Daun,

Phnom Penh.

0

Comments

Please, login or register to post a comment

Latest Video

Bodies of Cambodian peacekeepers returned to Kingdom

The bodies of four Cambodian peacekeepers killed by a Christian militia in Central African Republic were repatriated to the Kingdom and honoured in an airport ceremony on May 21.

Phnom Penh eats: Ptas Nak Battambang

As the name suggests, Ptsa Nak Battambang – which in English means Battambang's house – is the right place for those who want to try some of the province's typical dishes in Phnom Penh.

Military police stand guard outside a polling station that was allegedly prematurely closed to eligible voters during the 2013 general election in Kandal province. Photo supplied

The Ministry of Defence on Friday lashed out at civil society and election monitoring groups, claiming a

Opposition leader Kem Sokha uses his hat to gesture to supporters during a campaign rally yesterday in Siem Reap province. Facebook

Prime Minister Hun Sen yesterday threatened to unleash war on the opposition party if he loses patience with their campaign for the June 4 commune