Kookmin Bank Cambodia brings the number of commercial banks in the Kingdom to 25
In recent years many Korean come to do investment and investing their businesses in the Kingdom looking forward to the opportunities to grow their financial through their businesses.
Together, the bank sector is also growing fast and many Korean bank itself launched. May 2009, another commercial Korean bank (Kookmin Bank) launched which made the 5th commercial bank from South Korea.
Among other commercial bank, Kookmin Bank become the 25th commercial bank in Cambodia. Instead of global financial crisis and many Korean firms leave the kingdom the bank is still believe ready to be bring the business forward.
He said that as the supervisory authority for the banking industry, the central bank supports free and fair competition to ensure loans with reasonable interest rates.
Banker with entrepreneur spirit is what Cambodian expect to have and as General manager of the Kookmin bank saying that it is not to late to invest in Cambodia.
So in term of having more investors is to have a better financial firm and credible bank then the good sign economic booth with many banks will attract more entrepreneurs come to invest. Now many business firm are still waiting to see the opportunity to throw their businesses in. Banking is one of the trust for business investment. Together when more bank that mean it bring more competitive service and value for people.
Source: The Phnom Penh Post

icebreaker 3:29 pm on April 20, 2009 Permalink
Yeah, but do we have choice?
Piseth 3:31 pm on April 20, 2009 Permalink
Definitely, yes. We do have choice. Just feel sad for those villagers neung na.
visal 8:12 pm on April 20, 2009 Permalink
it is a heavy burden to loan.
Piseth 3:29 pm on April 21, 2009 Permalink
So you have to be smart before deciding anything like this.