J Trust Royal Bank Ltd, the Kingdom’s largest Japanese-owned financial institution and a majority shareholder of ANZ Royal Bank (Cambodia) Ltd, has announced that it will collaborate with the Ministry of Public Works and Transport to facilitate payments of transaction fees for citizens.

A group of delegates led by Narita Hang Chuon, head of corporate banking at J Trust Royal Bank, met with Minister Sun Chanthol on Friday and unveiled the plan.

Chanthol welcomed the collaboration with the bank and said the ministry has been cooperating with other financial institutions to provide locations where citizens can pay fees.

“The Ministry of Public Works and Transport is open to cooperation with any financial institutions in Cambodia to provide better services to the people. Streamlining the public service fee payments can save time and reduce unnecessary expenses for the people,” he said.

He urged the bank to work with the ministry’s information and communications technology (ICT) department and the public relations department to further speed up the work task of connecting systems between the bank and the ministry.

J Trust Royal Bank, a subsidiary of the Tokyo-based J Trust Group, completed the acquisition of a 55 per cent stake in ANZ Royal Bank in August last year.

ANZ Royal Bank was established in Cambodia in 2005 as a joint venture between ANZF and Royal Group Finance Co Ltd, which is a subsidiary of local conglomerate Royal Group of Companies Ltd.