Korea Business News Agency - NSP NEWS AGENCY.

(Seoul=NSP News Agency) soon ki Lee Journalist = NH Bank advances into the Cambodian financial market in earnest.

NH Bank received a final approval for the acquisition of SAMIC, a local micro-loan corporation, from the Commerce Department of Cambodia Central Bank on Aug 17, 2018, a month after the success in the approval of stock trading agreement of Cambodia Central Bank on July 18, 2018.

Via the corporation, NH Bank formally launches ‘NH Finance Cambodia’ by succeeding in acquiring an overseas local corporation for the first time.

Currently, the local corporation is establishing a network centered on the small and medium cities in the region and plans to expand the network based on three cities(Phnom Penh, Sihanoukville and Siem Reap) of Cambodia.

In addition, it is going to expand real estate mortgage and SME-related loans actively, and introduce agricultural finance models such as installment finance related to farm machinery.

NSP News Agency/NSP TV soon ki Lee Journalist, s8789@nspna.com
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