Despite the time of the global financial crisis, Malayan banking Bhd (Maybank) still opened its fifth branch located at Olympic stadium in Phnom Penh city, it is expected that the new branch will help boost loan and deposit growth by 38 percent and 15 percent respectively by the end of June next year.

Maybank Olympic branch offers commercial and retail banking services, such as trade finance (letter of credits, trust receipts, bank guarantees…etc), remittances, housing loans, over-draft facilities and SMEs loans.

“This latest branch will offer a range of business and retail facilities to cater to local as well as Malaysian and Singaporean business with interests in the country,” Bernama quoted Abdul Farid Alias, Maybank senior Executive Vice-president and Head of International, as saying.

Maybank opened its first main branch in Phnom Penh of the Kingdom of Cambodia since 1993 with its wide range of products and services, it has become the preferred financier of many Malaysians and Singaporeans owned corporations investing in Cambodia’s infrastructure development and service sectors.

So far, Maybank is operating in 13 countries over the world, including Malaysia, Singapore, Indonesia, the Philippines, Vietnam, China, Papua New Guinea, Brunei, Pakistan, Bahrain, Uzbekistan, United Kingdom and the United States.

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