Maruhan Japan Bank is located at Phnom Penh, 04 October , Maruhan Japan Bank Plc’s paid‐up capital has swelled to USD44million.From USD25million, the bank has increased its capital for additionalUSD19million and this has been approved by the National Bank of Cambodia (NBC) recently, with this forward plan, Maruhan Japan Bank has positioned itself as one of the leading banks in terms of total capital scale among other commercial banks in Cambodia.Under the NBC’s revised Prakas (B7‐08‐193) of new capital requirement and criteria, commercial and specialized banks incorporated locally need to increase respective total capital before end of this year. According to the Prakas, commercial banks must have a minimum capital of KHR 150,000,000,000 (one hundred fifty billion Riel) which is equivalent to USD35.5million at the current USD/KHR rate.
This measure is in line with the government’s initiative in ensuring financial security and stability in the Kingdom. Maruhan Japan Bank’s General Manager Shizuo Onishi said: This capital injection reflects our commitment as a financial partner in the Kingdom of Cambodia supporting visionary investors and local communities for long‐term development.”In addition, this capital injection signifies MARUHAN Japan Bank’s intention to expand its business and further strengthen and improve the bank’s market position. There will be an increased focus oncustomer service and satisfaction, innovative products and services, towards achieving continuedprofitable growth to enhance shareholder returns.Mr. Onishi, General Manager added, “With this additional capital increment, Maruhan Japan Bank is now a 100% entity owned by the Japanese. On corporate social responsibility (CSR) front, Maruhan Japan Bank firmly believes in promoting growth and well being in the communities in which it serves. The bank has initiated donation drives to help thousands of less fortunate Cambodians across the nation.Maruhan Japan Bank located on 1061 with phone number +855(0)23-999010