Sai Gon – Hanoi Bank launches subsidiary in Cambodia hinh anh 1At the inauguration ceremony (Source: VNA)

Phnom Penh (VNA) – The Sai Gon – Hanoi Bank (SHB) opened its wholly-owned subsidiary in the Cambodian capital, Phnom Penh, on September 9.

The SHB Cambodia Bank has a charter capital of 50 million USD, and is the second subsidiary of SHB in Indochina. The first one locates in Laos.

The bank was named the best foreign bank in Cambodia in 2016 by the International Data Group (IDG) and the National Bank of Cambodia.

Addressing the inauguration ceremony in Phnom Penh on September 9, Governor of the National Bank of Cambodia Chea Chanto acknowledged the contributions that Cambodia-based Vietnamese enterprises, including SHB, have made to the country.

On the occasion, the SHB’s management presented 20,000 USD to the Cambodia Fund for the Poor.-VNA