Cambodia’s largest commercial bank, Acleda, plans to instal 30 automatic teller machines (ATMs) this year as the bank expects about a million new depositors during the

coming year.

Acleda president and chief executive In Channy told the Post yesterday additional ATMs would be installed in Phnom Penh, in several provinces and in district-level offices in response to the increase

in clients.

The bank was looking for bidders to instal these machines this year, Channy said.

“We will extend gradually because of the increase of our clients,” he said. “We see there are long lines of clients waiting at ATMs. We will instal the new machines to make it easier to withdraw money.”

National Bank of Cambodia director-general Nguon Sokha said the number of ATMs would increase because of the establishment of new banks in the Kingdom and because existing banks and micro-finance institutions were extending their services.

The Post reported at the end of 2011 there were 500 ATMs across the country. The number rose to 613 at the end of the first quarter of 2012.