Logo of Phnom Penh Post newspaper Phnom Penh Post - Chinese ambassador hails UCB

Chinese ambassador hails UCB

Chinese ambassador hails UCB

CHINA’S ambassador to Cambodia showed up at the grand opening of the Olympic Market branch of the Union Commercial Bank on November 17, lending some weight to UCB’s expansion plans and underscoring the bank’s close relationship with China.

Ambassador Pan Guang Xue made the first cut on the ribbon, followed by Deputy Governor of the National Bank of Cambodia Neav Chanthana as UCB’s Chief Executive Officer Oknha Yum Sui Sang also welcomed Jin Yuan, the economic and commercial counselor from the Embassy of the People’s Republic of China and at least 50 other dignitaries at the opening.

Yum said UCB had embarked on a programme of expanding physical presence in Phnom Penh at strategic locations “where there is real and urgent need for closer and better procession of services to our customers”.

Yum also serves as Chairman of The China Hong Kong & Macau Expatriate & Business Association in Cambodia, an association that was founded by businessmen from Hong Kong and Macau to expand their businesses – many of them garment factory owners.

At the recent opening ceremony, Yum said he hoped UCB’s Olympic branch would be the first of many such branches to open in Phnom Penh in the coming years.

“As the bank broadens its outreach to its existing and new customers and brings our brand of service to the citizens of Phnom Penh, we will continue to stress our commitment to customers and their needs,” he said.

Yum took pride in UCB’s actions during the July 1997 period of civil strife and military action – when they took the decision to keep regular banking services open even as tanks rolled around the streets.

“We will strive to continue our tradition of being always available to service the customer, just like we did during the stormy and eventful days in July 1997 when we continued to allow normal banking services including unlimited cash withdrawals because we strongly believe the needs of the customers is greater than our need for caution,” Yum said.

“Today we strongly believe this policy of fulfilling the customers’ needs first has received wide support from our customers and we hope to bring this brand of service and our commitment to a wider audience.”

Yum said UCB had recognised the changing face of Phnom Penh and its ever growing population.

“Phnom Penh is growing fast in business and commerce, and this will increase the wealth of the people,” Yum said.

The Union Commercial Bank has branches in Siem Reap, Battambang, Sihanoukville with a head office in Phnom Penh as well as the new Olympic Market branch.

UCB specialises in personal banking services including credit cards, loans and trade finance and always puts the customer first.

MOST VIEWED

  • Angkor Wat named as the top landmark for the second year

    Travel website TripAdvisor has named Cambodia’s ancient wonder Angkor Wat as the top landmark in the world for the second year running in their Travelers’ Choice Award 2018, an achievement Cambodian tourism operators expect will attract more tourists to the Kingdom. The website uses traveller

  • Hun Sen detractors ‘will die’

    Prime Minister Hun Sen on Wednesday said those who curse or insult him would eventually die without a plot of land to bury their bodies after being killed by lightning, suffering the same fate as those who recently died in Thmar Baing district in Koh

  • New US bill ‘is a violation of Cambodian independence’

    After a US congressmen introduced bipartisan legislation that will enact sanctions on Cambodian officials responsible for “undermining democracy” in the Kingdom, government officials and the ruling Cambodian People’s Party on Sunday said they regarded the potential action as the “violation of independence and sovereignty

  • NOCC to contest petanque, tennis axe

    The National Olympic Committee of Cambodia will lobby hard over the next few weeks for the inclusion of the Kingdom’s most productive medal-earning sport, petanque, along with vovinam and tennis after the disciplines were left out of the initial list of 30 preferred sports for