KUALA LUMPUR: RHB Indochina Bank Ltd, a member of the RHB Banking Group, has opened two branches in Mao Tse Tung and Boeung Keng Kang, Cambodia.

This brings the number of RHB Indochina Bank branches to 11 over eight years.

“As a group, we have the capabilities and resources to support our regional expansion plans and we will continue to build on our strength within the region. We target for our international operations to contribute 20% of the group’s profitability by 2020. This is in line with our reframed group strategy, which emphasises performance and the delivery of superior customer experiences to all our customers,” said RHB Banking Group managing director Datuk Khairussaleh Ramli at the opening of the branches yesterday.

RHB Indochina Bank’s asset grew 62% in 2015 and it has been growing at an average of 50% every year since it commenced business in 2008.

The Mao Tse Tung branch and Boeung Keng Kang branch will offer customers a wide range of retail and commercial banking products and services including over-the-counter transactions comprising current account, savings account, fixed deposit, remittances, foreign exchange, money transfer services, trade financing and loan facilities. The branch is also equipped with the industry’s first 24-hour automated teller machine services.