DGB Daegu Bank wins license to operate commercial bank in Cambodia

DGB Daegu Bank, a small South Korean bank, said Thursday that it has been granted a license to expand its banking businesses in Cambodia.

DGB Specialized Bank, a wholly owned subsidiary of DGB Daegu Bank, got the nod from the Cambodian authorities to operate as a commercial bank in the Southeast Asian country on Sept. 30.

Currently, DGB Specialized Bank is only allowed to extend loans to Cambodians.

In full: https://en.yna.co.kr/view/AEN20201008008600320

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