Logo of Phnom Penh Post newspaper Phnom Penh Post - Japan bank buys major stake in ANZ Royal Bank

Japan bank buys major stake in ANZ Royal Bank

Content image - Phnom Penh Post
A street view of an ANZ Royal Bank branch yesterday in Phnom Penh. Pha Lina

Japan bank buys major stake in ANZ Royal Bank

Japan's largest bank acquired more than half of ANZ’s shares in Cambodia on Thursday, according to a statement from Kith Meng’s Royal Group.

Japan's JTrust Bank, announced that they had acquired a 55% of stake in ANZ Royal Bank.

According to a Royal Group statement, JTrust Bank listed on the Tokyo Stock Exchange, reached a formal agreement to buy the stake in ANZ Royal Bank from Australia’s ANZ Group.

JTrust Bank operates in Japan, South Korea, Indonesia, Thailand and Cambodia, and has been established for more than 40 years.

MOST VIEWED

  • EU parliament’s 13-point vote to decide on possible sanctions

    The European Parliament is due to vote on Thursday on a 13-point resolution on Cambodia – which includes a call for the treason charges against bailed opposition leader Kem Sokha to be dropped – a threat that could see the EU enforce a range of sanctions against

  • Government hits back at threats to pull EBA, suspend UN seat

    The spokesman for the ruling Cambodian People’s Party (CPP) has said the government is in no way concerned after the European Parliament gave it three months to reverse what it called the “systematic repression of the political opposition”. Ignoring the ultimatum could mean facing

  • Chinese influx pushing locals, Westerners out of Preah Sihanouk

    Some within the Kingdom’s tourism industry have speculated that the recent influx of Chinese visitors may hinder domestic tourism as the price of accommodations in the coastal city of Sihanoukville continues to rise. Preah Sihanouk province, which has become a hotbed for Chinese investment

  • Sar Kheng: Sokha requested security

    Interior Minister Sar Kheng on Sunday revealed the story behind the transfer of former opposition party leader Kem Sokha from Trapaing Phlong prison in Tbong Khmum province to his house in the capital. Speaking at the ruling Cambodian People’s Party (CPP) headquarters in Prey