Logo of Phnom Penh Post newspaper Phnom Penh Post - In Brief: New Vattanac branch

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.

MOST VIEWED

  • Negotiations on EBA being held

    In an effort to defuse tensions, a senior government official said Cambodia is negotiating with the European Union (EU) on the Everything But Arms (EBA) trade deal, which allows the Kingdom to export goods to the 28-member bloc tariff-free. The EU notified Cambodia on October 5

  • Ministers to tackle sea pollutants

    Preah Sihanouk provincial authorities and members of local communities have collected 77 tonnes of water hyacinth at a Sihanoukville beach, Preah Sihanouk Provincial Hall spokesperson Or Saroeun said. He told The Post yesterday that the aquatic weeds had been floating along some of the province’s

  • Chinese police escort deported scam suspects

    Ninety-one Chinese nationals accused of extorting money from victims in a Voice over Internet Protocol (VoIP) scam were deported from Phnom Penh International Airport on Monday under the escort of 182 Chinese police personnel. General Department of Immigration head of investigations Ouk Hay Seila told reporters

  • Sam Rainsy, government group set to clash at IPU Geneva meet?

    Opposition figure Sam Rainsy has been invited to speak at the General Assembly of the Inter-Parliamentary Union (IPU) in Geneva, according to a former Cambodia National Rescue Party (CNRP) lawmaker. A government delegation is also set to attend the meeting, a National Assembly press release