CAMBODIAN Public Bank (Campu Bank) opened its 18th branch, located in Phnom Penh’s Steung Meanchey commune, on Wednesday. Officials said the launch was a sign the sector is recovering from the global financial crisis. The latest Campu location is in an up-and-coming commercial and industrial area, and will cater to small and medium-sized factories, wholesalers, retailers and local residents, said Executive Director Phan Ying Tong. The firm received deposits of US$622 million last year, and led Cambodian banks by extending $608 million in loans last year.
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