Cambodia awards Korean lender a commercial bank licence


DGB Specialized Bank, a wholly-owned subsidiary of DGB Daegu Bank, was given the nod by the Kingdom’s central bank on September 30. - The Phnom Penh Post/Asian News Network

PHNOM PENH, Oct 13 (The Phnom Penh Post/ANN): South Korea’s DGB Daegu Bank said it received a licence from the National Bank of Cambodia (NBC) to transform its specialised banking unit in the Kingdom into a full-fledged commercial bank.

DGB Specialized Bank, a wholly-owned subsidiary of DGB Daegu Bank, was given the nod by the Kingdom’s central bank on September 30, South Korea’s Yonhap News Agency has reported.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

Iran-US talks begin in Islamabad under Pakistan's mediation
Philippines among seven priority countries in US food assistance programme
Gap between rich and poor nations is growing even wider, UN report says
Tourist boat capsizes in northern India, killing at least 10
Vietnam drug lord busted after using toothpaste tubes, flight attendants for smuggling
Better days ahead - Oil ends lower ahead of US-Iran ceasefire talks, posts steepest weekly loss since 2022
How lessons from Iran war could shape mainland China’s calculus on Taiwan
Middle East war to cut growth, deliver cascading impact, World Bank chief says
Artemis II astronauts safely back on Earth after trip around the moon
Global drug makers face pricing pressure as China targets affordable healthcare

Others Also Read