Branch of Bank of China opened in Cambodia

The National Bank of Cambodia (NBC) gave in-principal approval to the Bank of China to open its business in Cambodia in June 2010. Yesterday, it is the first time that branch of Bank of China opened its business operation and customers can open bank accounts at the bank. The office of Branch of Bank of China is located on the first and second floor of Canadia Tower after the bank signed a rental agreement in September 2010.

After granting in-approval from the Central bank in November, All officials from the Industrial and Commercial Bank of China have also voiced ambition to run its business in the Kingdom of Cambodia. And the Bank of China received Central Bank approval this year after the Bank of Agriculture and Rural Development of Vietnam and Malaysia’s CIMB Group.