RHB Banking Group, a major Malaysian bank, has confirmed its commitment to strengthen and grow its business in Cambodia.
This promise was made by Mr. Danny Quah Boon Leng, RHB’s Managing Director of International Business, during a meeting in Phnom Penh yesterday with H.E. Mrs. Chea Serey, the Governor of the National Bank of Cambodia (NBC).
Praising Tech and Promising Support
Mr. Quah spoke highly of Cambodia’s advancements in financial technology (Fintech), especially the success of the Bakong payment system. He also confirmed that RHB is dedicated to helping train and develop skilled workers in Cambodia’s banking sector.
REAM MORE: Bakong Tourist App: A Complete Guide to Cashless Travel in Cambodia 2025
In response, Governor Chea Serey thanked RHB for their ongoing commitment. She encouraged the bank to increase its support for key parts of the Cambodian economy, such as agriculture, processing industries (agro-industry), and manufacturing.
Economic Outlook
The Governor also took the opportunity to update the RHB delegation on Cambodia’s:
- Economic outlook (what the economy is expected to do).
- The strength and stability of the banking system.
- The importance of increasing financial transparency (making financial activities clear and open).
READ MORE: Why Digital Payments Now Trump Large Cash Bills in Cambodia
