Logo of Phnom Penh Post newspaper Phnom Penh Post - Japanese firm signs agreement with bank

Japanese firm signs agreement with bank

Japanese firm signs agreement with bank

Publicly listed Japanese conglomerate Resona Holdings signed an agreement yesterday with Cambodia Public Bank (Campu) aimed at increasing its customer base in the Kingdom’s banking sector.

Resona Holdings subsidiary firms Resona Bank, Saitama Bank and Kinki Osaka Bank are all part of the agreement, which allows the foreign companies to leverage Campu’s local standing to generate new business, according company officials.

“The number of Japanese companies and [amount of] foreign direct investment here in Cambodia has been increasing, especially in the past few years,” Phan Ying Tong, regional head of Indochina operations at Cambodia Public Bank, said.

“The business collaboration between these banks will strengthen the level of banking service support offered to the customers.”

Ying Tong added that the agreement will enable the two companies to find new clients in there respective markets and improve banking transaction times between Japan and Cambodia.

Citing the last week’s opening of the Japanese-owned Aeon Mall on Sothearos Boulevard, Yuji Kumamaru, the Japanese ambassador to Cambodia, said that a growing number of Japanese companies were shifting their focus to the Kingdom with an eye to new business startups.

“I hope the partnership between Resona and Campu will contribute to the success of Japanese companies in Cambodia,” he said.

MOST VIEWED

  • Ice cream, noodles flagged over carcinogen

    The General Department of Customs and Excise of Cambodia (GDCE) has identified three types of instant noodles and ice cream trademarks originating from Thailand, Vietnam and France that are suspected to contain ethylene oxide, which poses a cancer risk to consumers. The general department has

  • Exclusive interview with Josep Borrell Fontelles, High Representative of the EU

    CAMBODIA is hosting the 55th ASEAN Foreign Ministers’ Meeting (AMM) and Related Meetings this week with top officials from the US, China, and Russia and other countries in the region slated to attend and to meet with face-to-face with their counterparts on the sidelines. In

  • Rise in Thai air routes to Siem Reap fuels travel hopes

    Local tourism industry players are eager for regional airline Bangkok Airways Pcl’s resumption of direct flight services between the Thai capital and Siem Reap town on August 1 – home of Cambodia’s awe-inspiring Angkor Archaeological Park – which is expected to boost the growth rate of

  • Angkor lifetime pass, special Siem Reap travel offers planned

    The Ministry of Tourism plans to introduce a convenient, single lifetime pass for foreign travellers to visit Angkor Archaeological Park and potentially other areas. The move is designed to stimulate tourism to the culturally rich province of Siem Reap as the start of the “Visit

  • ASEAN Foreign Ministers’ meet commences, Taiwan issue possibly on table

    The 55th ASEAN Foreign Ministers’ Meeting (AMM) and related meetings hosted by Cambodia kicks off in Phnom Penh on August 3, with progress, challenges, and the way forward for the ASEAN Community-building on the table. Issues on Taiwan, sparked by the visit of US House Speaker

  • Recap of this year’s ASEAN FM meet and look ahead

    This year’s edition of the ASEAN Foreign Ministers’ Meeting (AMM) hosted by Cambodia comes against the backdrop of heightened global tensions and increasing rivalry between major powers that have been compared to the animosity of the Cold War era. The following is The Post’