Japan's
second-largest bank, Bank of Tokyo-Mitsubishi UFJ, officially opened a
representative office in Phnom Penh on Friday.
The office would serve as an information
centre for potential investors and hoped to attract more Japanese companies,
Masato Miyachi, general manager of the bank’s Asia and China division, said.
“We will further development in Cambodia by
offering effective information geared towards the needs of our Japanese
customers,” Miyachi said.
National Bank of Cambodia deputy governor Neav
Chanthana said the opening of the office demonstrated Japanese investors’
rising confidence in Cambodia’s banking sector.
The bank had a Phnom Penh branch until 1967,
when internal strife led to its closure.
“Now we can resume our history by opening a
new representative office here,” Miyachi said.
May Kunmakara
The Phnom Penh Post
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