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

  • 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