Logo of Phnom Penh Post newspaper Phnom Penh Post - ANZ Royal teams up with MFI

ANZ Royal teams up with MFI

ANZ Royal teams up with MFI

ANZ Royal Bank and microfinance institution Hattha Kaksekar Limited (HKL) yesterday signed a pact aiming to expand the firms’ market positions.

At a press conference in Phnom Penh, CEOs from both companies agreed to align their banking systems from early August to reduce transaction times, provide international remittance services to HKL through ANZ and bolster customer referrals between the two.

Grant Knuckey, chief executive of ANZ Royal, said the partnership would also assist the bank in serving customers located in the provinces.

“What this does is essentially expands our branch network, allows both companies to join customer bases and gives each the opportunity to secure new customers,” he said, adding that no plans for a merger had been discussed.

Hout Ieng Tong, CEO of HKL, said the partnership could also result in a rollout of ANZ-HKL branded ATMs in the future.

MOST VIEWED

  • Hong Kong firm done buying Coke Cambodia

    Swire Coca-Cola Ltd, a wholly-owned subsidiary of Hong Kong-listed Swire Pacific Ltd, on November 25 announced that it had completed the acquisition of The Coca-Cola Co’s bottling business in Cambodia, as part of its ambitions to expand into the Southeast Asian market. Swire Coca-Cola affirmed

  • Cambodia's Bokator now officially in World Heritage List

    UNESCO has officially inscribed Cambodia’s “Kun Lbokator”, commonly known as Bokator, on the World Heritage List, according to Minister of Culture and Fine Arts Phoeurng Sackona in her brief report to Prime Minister Hun Sen on the night of November 29. Her report, which was

  • NagaWorld union leader arrested at airport after Australia trip

    Chhim Sithar, head of the Labour Rights Supported Union of Khmer Employees at NagaWorld integrated casino resort, was arrested on November 26 at Phnom Penh International Airport and placed in pre-trial detention after returning from a 12-day trip to Australia. Phnom Penh Municipal Court Investigating Judge

  • Takeo hand-woven silk items provide local high-quality alternative to imports

    After graduating from university and beginning her career as a civil servant at the the Ministry of Economy and Finance, Khieu Sina found time to establish a business that aligns with her true passion – quality hand-woven Khmer goods. Her product line, known as Banteay Srei,

  • Two senior GDP officials defect to CPP

    Two senior officials of the Grassroots Democratic Party (GDP) have asked to join the Cambodian People’s Party (CPP), after apparently failing to forge a political alliance in the run-up to the 2023 general election. Yang Saing Koma, chairman of the GDP board, and Lek Sothear,

  • 11th Chaktomuk Short Film Festival draws to close

    Cambodia's 11th Chaktomuk Short Film Festival wrapped up successfully on November 28 after a four-day run, with the film “Voice of the Night” awarded top prize for 2022. Sum Sithen, the organiser of the short film festival, told The Post that the number of attendees to the