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.