News

KDIC puts Tomato Bank on the chopping block

14 March 2017
The Phnom Penh Post
Banking and financial services / Banking and financial services policy and regulation / Economy and commerce / Foreign investors / Investment / Investment policy and regulation / Major banks
Cambodia / Gwak Bumgook / Kim Doo-yoon / Tomato Savings Bank / Tomato Specialized Bank

Tomato Specialized Bank, the smallest bank in the Kingdom, is attempting to sell a majority stake in its operations in order to dilute the equity stake of its defunct majority shareholder while securing a partner able to help it meet the central bank’s revised minimum ...

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KDIC puts Tomato Bank on the chopping block

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