Sunday, 12 October 2008

OSK Indochina Bank opens in Phnom Penh

KUALA LUMPUR: OSK Indochina Bank Ltd (OSKIBL) had on Friday commenced commercial banking operations in Phnom Penh.

With initial staff strength of 29, OSKIBL offers the full range of retail and commercial banking products and services as well as foreign exchange and capital market expertise.

OSKIBL is a unit of OSK Investment Bank Bhd, a unit of OSK Holdings Bhd. OSKIBL has a paid-up of US$13mil (RM42.5mil).

In April this year, Bank Negara approved OSK’s plan to set up a commercial bank in Cambodia to undertake commercial banking activities.

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