NBC Applauds Four Banks for Expanding Services

At the second Bankers Annual Dinner on Friday, the National Bank of Cambodia recognized several banks for expanding their services in Cambodia’s still-growing financial sector, NBC Director General Tal Nai Im said Sunday.

The NBC awarded Canadia and Acleda banks for overall service and ANZ Royal and Singapore Banking Corporation for ATM and electronic services, she said by telephone. The NBC also recognized Can­adia Bank, Cambodian Me­kong Bank, the Singapore Banking Corporation and Union Com­mer­cial Bank for their joint venture ATM system, she said.

“The banking system in Cambodia is improving when compared to the past,” she said. “There are more electronic service provid­ers, credit cards, and many more customers believe their money is safe in the bank.”

NBC president Chea Chanto presented the awards, which were based on a bank’s number of branch­es, ATMs and customers, Tal Nai Im said.

Pung Kheav Se, chairman of the Association of Banks of Cambodia and chairman of Canadia Bank, said the global financial crisis has slowed down the economy and affected the financial sector.

“I am confident and looking forward that the Cambodian economy and the banking sector in particular will weather the storm for a bright­er future in late 2009 and early 2010,” he said, according to a copy of his speech.

In Channy, president of Acleda Bank, said by telephone Sunday that spreading branches throughout the provinces is essential to the economic development of the country’s rural areas.

“[The award] means we are participating in local economic development throughout the country,” he said, adding that Acleda now has 220 offices and branches.

ANZ Royal CEO Stephen Hig­gins said he appreciated the recognition. ANZ Royal has 130 ATMs and is the only bank offering electronic banking, he added.

According to a copy of Chea Chan­to’s speech, there are a total of 313 ATMs throughout the country.

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