The Cambodia Herald -- Maybank Cambodia Plc said it inaugurated a new branch in Takhmao on Wednesday and planned to establish another four branches in Cambodia this year.
“We are expanding to the area of Takhmao to allow for greater banking accessibility to the community in the area," chief executive Lee Tien Poh said in a statement.
"The opening of this new branch reflects our mission of humanising financial services and our long term commitment to support the economic development of the country, particularly its City Development Strategy for the capital of Phnom Penh and its surrounding areas identified as secondary centers.
"Our presence in Takhmao will provide opportunities to people in Takhmao and its surrounding to enjoy easy access as well as convenient and safe banking services," he said.
Lee said deposits at the Malaysian bank's 16 branches in Cambodia grew 40 percent in 2013.
In addition to Phnom Penh, the bank also has branches in Battambang, Kampong Cham, Siem Reap, Sihanoukville and Sisophon.
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