Sacombank sets up subsidiary in Cambodia

March 14, 2011 | 16:00
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The State Bank of Vietnam late last week approved the Saigon Thuong Tin Commercial Bank (Sacombank)’s proposal to set up a subsidiary bank in Cambodia.

The subsidiary bank is named Sai Gon Thuong Tin Bank Cambodia Limited (Sacombank Cambodia ), headquartered in the capital city of Phnom Penh .

Sacombank Cambodia is licenced to operate for 50 years under Vietnamese and Cambodian regulations.

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