Expansion of Business in Cambodia... Shinhan Bank Opens Siem Reap Branch

Expanded to 14 Local Branches

At the opening ceremony of Shinhan Cambodia Bank Siem Reap branch on the 17th, Kim Nam-su, Head of Shinhan Cambodia Bank (third from the right), Park Do-kwon, Consul General of the Siem Reap branch (fourth from the right), Lai Samin, Head of the Central Bank Siem Reap branch (fourth from the left), and officials are taking a commemorative photo. (Provided by Shinhan Bank)

[Asia Economy Reporter Minwoo Lee] Shinhan Bank has increased its local branches in Cambodia to 14 by opening an additional branch in Siem Reap.

Shinhan Cambodia Bank, Shinhan Bank's local subsidiary in Cambodia, announced on the 18th that it has opened a branch in Siem Reap.

Siem Reap is Cambodia's second-largest city, with commercial facilities concentrated around historical sites including Angkor Wat and hotels. The branch was established based on the assessment that the economy is gradually recovering after COVID-19 and has high potential for future development.

Through this, the strategy is to expand financial services beyond the capital Phnom Penh to other regions, enhancing geographic accessibility for local customers and Korean companies operating in Siem Reap. In the first half of next year, Shinhan Bank plans to further expand branches focusing on key areas in Phnom Penh and major hubs such as Sihanoukville.

Along with the opening of the Siem Reap branch, Shinhan Cambodia Bank donated funds to the locally renowned free children's hospital, Angkor Hospital for Children, and conducted food sharing volunteer activities.

A Shinhan Bank official said, "Through the opening of the Siem Reap branch, we will provide more convenient financial services to corporate and individual customers located in northwestern Cambodia," adding, "We will continue to build channels in regions with high growth potential according to our localization strategy."

This content was produced with the assistance of AI translation services.