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In Brief: CAMPU Bank wins 6th banking award

In Brief: CAMPU Bank wins 6th banking award

The UK-based financial monitor The Banker on Thursday named the Cambodian Public Bank (Campu) as the recipient of the Bank of the Year award for the sixth straight year. Net profits were up 58 percent in 2008, and loans and deposits grew 77 percent and 29 percent, respectively, over the previous year's numbers, while new accounts for loans were up 31 percent, said a statement from the bank released on Thursday. It was assigned a D+ Bank Financial Strength Rating by Moody's Investors Service, the highest for a bank in Cambodia, the statement added. Campu is owned by Malaysia-based Public Bank and has paid-up capital of US$90 million.

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