12 Jul 2013 11:19
PHNOM PENH, July 8 (Bernama) -- Mizuho Bank, one of Japan's largest banks, opened a representative office here Monday thanks to increasing interest in Cambodia by Japanese investors. Takeshi Fukui, head of Mizuho Bank Phnom Penh Representative Office, said the bank's decision to open the office was made after observing Cambodia's role as an emerging country in Asia, Xinhua news agency reported. "A number of Japanese corporations have expanded their businesses into Cambodia in the last couple of years and it is projected that more Japanese investors will come to Cambodia in the coming years," Takeshi said. "The bank hopes to create a framework to collect and provide information regarding Cambodia and strengthens our ability to support our customers as they consider entering and expanding their businesses in the Cambodian market." To date, Cambodia has five foreign banks' representative offices, 34 commercial banks, seven specialised banks and 37 microfinance institutions. Japanese investors have invested about US$300 million in Cambodia in the last three years. --BERNAMA EE