BIDC opens branch in Kampong Cham, Cambodia

The Bank for Investment and Development of Cambodia Plc has opened a new branch in Kampong Cham province.

Nguyen Van Hien, General Director of BIDC, said the establishment of BIDC Kampong Cham-the fifth branch in the banking system aims to meet local demand for capital.

BIDC is one of three big banks wholly invested by Vietnam. It was established in 2009 with the approval of the Vietnamese and Cambodian Governments and is currently listed among the top 4 largest banks in Cambodia with its total assets worth US$450 million.