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Logo of Phnom Penh Post newspaper Phnom Penh Post - Bank pullout

Bank pullout

| Publication date 11 October 2002 | 07:00 ICT

Bank pullout

Crédit Agricole Indosuez Bank has announced it will close its sole branch

in Cambodia. In a letter to the National Bank of Cambodia on September 18, the French

bank cited "purely strategic reasons" for its decision. Representatives

for the bank refused to provide more details, and depositors have 60 days to close

their accounts.

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