OSK INDOCHINA BANK STARTS OPERATIONS IN CAMBODIA

KUALA LUMPUR, Oct 10 (Bernama) -- OSK Indochina Bank Ltd (OSKIBL) started
commercial banking operations in Phnom Penh, Cambodia, Friday.

With an initial staff strength of 29, it offers a full range of retail
and commercial banking products and services as well as foreign exchange and
capital market expertise, it said in a statement here.

OSKIBL is wholly-owned by OSK Investment Bank Bhd, a wholly-owned
subsidiary of OSK Holdings Bhd (OSK), an investment holding company.

The official opening is slated for Oct 20, with the banking licence to be
handed to OSKIBL by the Governor of the National Bank of Cambodia.

OSK obtained approval in April from Bank Negara and the National Bank of
Cambodia to establish a commercial bank to undertake commercial banking
activities.

OSKIBL has an issued and paid-up share capital of US$13 million, comprising
13 million shares of US$1 each.

OSK is a regional financial services group listed on the Main Board of
Bursa Malaysia Securities since 1991.

The group commenced business in 1963 in Malaysia and has since expanded
geographically to several countries in Asia.

It employs 2,500 professionals in more than 50 locations across its
network.

OSK's subsidiaries are licensed to conduct investment banking, securities
trading and asset management activities in Malaysia, Singapore, Hong Kong and
Indonesia.

In Cambodia, OSK operates as a commercial bank. It also has a
representative office in Shanghai.