ANZ Bk Cambodia JV Seeks Profits In The Ruins, by Phelim Kyne
Tuesday, March 22, 2005
But Kith said ANZ Royal has targeted a market of around 100,000 urban residents with money ’under the bed (and) under the pillow’ to support a banking network that will start with three Phnom Penh branches this year and grow to 30 outlets nationwide by 2010. ANZ Royal will power that expansion by offering Cambodian consumers a previously unavailable array of retail banking services, including the country’s first ATMs linked to international networks and consumer mortgage and automobile loans.
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Source: Dow Jones Newswire