History

Standing in Cambodian financial market with almost 30 years, KB PRASAC Bank Plc. develops itself in various stages. With strong the shareholder, KB Kookmin Bank – Korea, KB PRASAC Bank is able to participate in providing tailor–made financial services to customers and beyond.

2023

  • KB PRASAC Bank Plc. has a commercial bank license from the National Bank of Cambodia (NBC) and merger approval from Ministry of Commerce (MoC).
  • KB PRASAC Bank Plc. has its registered share capital of KHR 2,400 billion (equivalent to USD 600 million); and it has a sole shareholder KB Kookmin Bank Co., Ltd., located in Korea.
  • KB PRASAC Bank Plc. originates and changes its identity after merger between KB PRASAC Microfinance Institution Plc. (KB PRASAC MFI Plc.) and KB Kookmin Bank Cambodia Plc. (KBC).
  • The Bank still ranks its position in number 2 in term of operational networks and staff, allowing customers to easier in accessing to physical branch offices.

2022

  • KB PRASAC MFI Plc. increased its registered share capital to KHR 1,600 billion (equivalent to USD 400 million). This shares is distributed among 2 shareholders, KB Kookmin Bank Co., Ltd. and KB Kookin Bank Cambodia Plc. (KBC).
  • KB PRASAC reached USD 4 billion in loan outstanding.
  • KB PRASAC also launched 2 new branch offices, bringing the total offices of 184 and operates 98% of total country’s villages.

2021

  • KB PRASAC starts its mission to merge and transform itself to be a commercial bank.
  • Remaing 30 percent stake of KB PRASAC has been acquired by KB Kookmin Bank Co., Ltd.
  • KB PRASAC increased its registered share capital to KHR 1,200 billion (equivalent to USD 300 million).
  • KB PRASAC reached USD 4 billion of Total Assets.

2020

  • KB PRASAC has a major and strategic shareholder after KB Kookmin Bank Co., Ltd. acquired 70% of the shares.
  • KB PRASAC increased its registered share capital to KHR 920 billion (equivalent to USD 230 million).
  • KB PRASAC obtained securities listing certificate from Cambodia Securities Exchange (CSX).
  • KB PRASAC changed its legal identity and brand name “PRASAC Microfinance Institution Limited” to “PRASAC Microfinance Institution Plc.“

1995-2019

  • Originated in 1995 as a development project under the name of PRASAC, funded by the European Union (EU).
  • Then transform to rural credit operator and licensed microfinance with providing full-fleged financial services to customers.