Maybank to open 1st provincial branch

The Phnom Penh Post
http://www.phnompenhpost.com/

Written by Peter Olszewski
Tuesday, 09 June 2009

SIEM REAP

MALAYAN Banking Bhd, also known as Maybank, will open its first provincial branch in Siem Reap on Monday, as part of an expansion plan started because the Kingdom is "now considered stable", said Chou Teong Boon, branch manager.

He said Siem Reap was chosen as the first provincial outlet primarily because of the availability of a good location in the city centre on Tep Vong Street.

"We are expanding into the provinces to give better coverage and reach for Maybank," he said, "And the Siem Reap branch will also serve as a learning centre for our proposed provincial expansion."

Chou Teong Boon said other provinces earmarked for expansion are Battambang, Kampong Cham and Sihanoukville.

The Siem Reap branch will initially employ 10 to 11 staff, all from the city.

"That's the beauty of our expansion - we will employ and train people from the provinces where we open and therefore bring employment to those provinces. Our Siem Reap staff numbers will be expanded as our business in the province grows," said Chou Teong Boon.

The new Siem Reap branch follows the opening of the bank's third branch in Phnom Penh on Phnom Mao Tse-tung Boulevard in January.

Another Phnom Penh branch at Chbar Ampeou is under construction and scheduled to open in August, said the bank - which began operations in 1993 - while a fifth Phnom Penh branch is planned on Sihanouk Boulevard.