KUALA LUMPUR: Maybank (Cambodia) Plc has launched its Maybank Premier Wealth service in Cambodia to provide affluent customers personalised and comprehensive financial solutions.
It was launched in conjunction with the opening of Maybank’s 18th branch in Phnom Penh, said Maybank in a statement yesterday.
Maybank Premier Wealth customers will have dedicated relationship managers to assist them with their banking needs.
They can also conduct their banking transactions in the privacy and comfort of Maybank Premier Wealth Lounges in Cambodia, Malaysia, Singapore and Indonesia.
They will enjoy preferential rates and charges, as well as exclusive privileges for selected Maybank banking services, in addition to other financial and non-financial products or services offered by Maybank partners, ranging from insurance and health services to airport lounge facilities.
Maybank International chief executive officer Pollie Sim said in view of the positive economic outlook and growing affluent segment in Cambodia, Maybank aimed to boost its segment growth in total investable assets to more than US$200 million (RM700 million ) for the first five years.
Cambodia’s gross domestic product (GDP) is expected to grow between 7.3 per cent and 7.5 per cent from next year to 2019.
Last year, Cambodia’s GDP recorded strong growth of 7.1 per cent.
“The rise in income will see a parallel demand for various goods and services, including financial services, which will further drive economic growth,” said Sim.
With an increasingly sophisticated market in Cambodia, the group noted the special needs of these high-net worth customers who are looking for not just a banking provider but also a progressive financial partner.
The new branch in Cambodia that showcases the first Premier Wealth Lounge will be supported by 13 employees, led by the branch manager and premier wealth head.
It offers a full range of banking services, including deposits and placements, trade finance, loans, remittances, mortgages and global ATMs.