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In Brief: New Vattanac branch

In Brief: New Vattanac branch

Vattanac Bank on Monday opened its third branch near Olympic Market in Phnom Penh. Its president, Chhun Leang, said at the opening ceremony, "Although some huge international banks have faced closure due to the crisis, Vattanac is still strong."  The expansion comes after the bank opened its first branch in the capital in 2002 followed by a Siem Reap branch in 2005. The bank had total assets of US$190 million at the end of 2008, financial results show, with total lending of $103.89 million.

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