Phnom Penh, Mar 20, 2024

Oriental Bank Explores Strategic Partnership with Malaysia China Chamber of Commerce to Foster Business Growth in Cambodia

[Phnom Penh, 20 March 2024] – Oriental Bank, an innovative financial institution committed to driving economic growth and financial inclusion, has recently engaged in a pivotal meeting with the Malaysia China Chamber of Commerce (MCCC) to explore avenues of collaboration aimed at bolstering business opportunities for investments into the Kingdom of Cambodia.

The meeting brought together key representatives from Oriental Bank and the MCCC to discuss strategic initiatives that will facilitate stronger connections and provide essential financial services to MCCC members planning to operate in Cambodia. With a focus on fostering an environment conducive to business expansion and development, Oriental Bank is dedicated to supporting the growth aspirations of local and international businesses within the region. The team at Oriental Bank also did a presentation of the innovative digital solutions offered, including but not limited to its latest state of the art Corporate Mobile and Internet Banking  (MCorp and ICorp), interest bearing checking accounts, etc.

During the meeting, Oriental Bank reiterated its commitment to serving as a reliable financial partner for MCCC members, offering a comprehensive suite of financial solutions tailored to meet the diverse needs of businesses across various sectors. These services include: sharing of market information in the Kingdom, assisting businesses in making informed decisions and optimizing investment portfolios utilizing digital banking solutions specifically for seamless and efficient financial management.

Datuk Phan Ying Tong, the MD/CEO of Oriental Bank, expressed enthusiasm about the potential collaboration with the Malaysia China Chamber of Commerce, stating, "We are excited about the prospect of working closely with the MCCC to empower investors interested in doing business in Cambodia with access to innovative financial solutions, local networks and expertise. Through this strategic partnership, we aim to contribute significantly to the growth and success of these businesses and to attract more investments into the Kingdom."

Mr. Loo Kok Seong, President of the Malaysia China Chamber of Commerce, also shared positive sentiments about the collaboration, emphasizing the importance of strong partnerships in driving economic growth and prosperity. "The collaboration with Oriental Bank presents an excellent opportunity for our members to access comprehensive financial services that will facilitate their business expansion and development in Cambodia. We look forward to a fruitful partnership that benefits our members and contributes to the overall business ecosystem." Other members that were present were MCCC Vice President - Dato’See Meng Geok, MCCC Deputy Treasurer -  Dato’Yeat Siaw Ping, WEC Treasurer – Coral Chia Peck San and Affairs Advisor - Mr. Tan Peng Chong.

Oriental Bank and the Malaysia China Chamber of Commerce are committed to working collaboratively to provide the best means for business expansion for Malaysian and Chinese businesses into Cambodia.