BIDC opens new branch in Cambodia
The Bank for Investment and Development of Cambodia Plc (BIDC), one of three big banks wholly invested by Vietnam, has opened a new branch in Kampong Cham province.
Nguyen Van Hien, general director of BIDC, said the establishment of BIDC Kampong Cham-the fifth branch in the banking system aims to meet local demand for capital.
BIDC, established in 2009 with the approval of the Vietnamese and Cambodian governments, is currently listed among the top four largest banks in Cambodia with its total assets worth $450 million.
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