Logo of Phnom Penh Post newspaper Phnom Penh Post - Exim Bank plans first foray into Cambodia

Exim Bank plans first foray into Cambodia

Exim Bank plans first foray into Cambodia

State-owned Export-Import Bank of Thailand (Exim Bank) will open a representative office in Cambodia as part of its regional expansion, according to the Thai bank’s newly appointed president, Pisit Serewiwattana.

Pisit told the Bangkok Post yesterday that Exim Bank intends to play a more aggressive role in overseas markets this year by setting up a representative office in Myanmar.

He said the bank will open a representative office in Laos in 2017 and another one in Cambodia thereafter. The expansion is aimed at providing financial services to Thai operators that are making inroads into the Cambodia, Laos, Myanmar and Vietnam (CLMV) region, boosting Thailand’s outward direct investment in the region, he said.

MOST VIEWED

  • Serious flooding across country

    The Kampong Speu provincial Committee for Disaster Management on Wednesday issued an alert after non-stop heavy rain caused widespread flooding. In Koh Kong province, authorities are working with the disaster committee and the Cambodian Red Cross to assist those affected after more than 350 homes were

  • CNRP points to King in call for vote boycott

    Leaders of the former Cambodia National Rescue Party (CNRP) have taken a new tack in their call for a boycott of the national elections later this month. They are now claiming that the people should follow the King, who is expected to abide by tradition

  • Actress’s NGO takes heat for promoting the ruling party

    An actress’s NGO which participated in an election campaign event contrary to the Law on Association and Non-Governmental Organisations (Lango) has been slammed. Chorn Chanleakena, a celebrity and the president of the Association of Artists Volunteering to Help Society, allegedly led its members in

  • Troop moves ‘won’t worry people’

    Senior officials at the Ministry of Defence and National Police said on Tuesday that riot training provided to the country’s police forces were aimed at preventing unexpected demonstrations and strikes before and after the July 29 national elections. The troop mobilisation, they said, would not