Public Bank Establishes Cambodian Securities Subsidiary

via CAAI

KUALA LUMPUR, Oct 25 (Bernama) -- Public Bank Bhd announced on Monday that its wholly-owned subsidiary Cambodian Public Bank Plc has established a wholly-owned subsidiary, CampuBank Securities Plc, in Cambodia.

The new subsidiary will carry out securities underwriting business, securities dealing business, securities brokerage business and investment advisory business in Cambodia, Public Bank said in a statement on Monday.

"CampuBank Securities was established to support and participate in the Cambodian government's initiative to develop a capital market, and enhance the the group's role in the financial services industry in Cambodia," it said.

With its licence, CampuBank Securities can provide share broking and corporate finance related services, and this will increase the suite of products available to customers of Cambodian Public Bank, it added.

The issued and paid-up capital of CampuBank Securities is 40 billion Khmer Riels (RM31.3 million).