Maybank Cambodia, a subsidiary bank of Malaysia-based Maybank, has expanded its branch network by opening a new branch Toul Kork District in Phnom Penh. This new branch marks the seventh branch in the country.

The new branch will offer retail and commercial banking services such as deposit and placement, trade finance, remittances, foreign exchange and mortgage as well as an automated teller machine.

Abdul Farid Alias, international head of Maybank, said: “This latest branch completes the four new branches we planned to open this year. We are pleased to be able to expand our network to provide to the growing community in the capital city including the local as well as Malaysian and Singaporean companies with operations in Cambodia. We are planning to open one more branch by the end of this financial year ending 30 June 2010.”