Phnom Penh: KB PRASAC Bank proudly sponsored National Reading Day 2025, held from 8 to 11 March at the Institute of Technology of Cambodia (Sala Techno) under the theme “Reading Connects People Across Generations in Society.” This sponsorship reflects the bank’s unwavering commitment to promoting education and fostering a reading culture across Cambodia.

On that occasion, KB PRASAC Bank set up an exhibition booth to contribute to promoting financial inclusion by sharing financial knowledge in the digital age, as well as promoting savings and spending management via savings accounts and the use of KB PRASAC Mobile app.

As a result of KB PRASAC Bank’s contribution to strengthening human resources, 47 library buildings in various provinces have been built and equipped in accordance with the standard of Ministry of Education, providing students and communities with greater access to knowledge and learning resources.

Phnom Penh: KB PRASAC Bank, in collaboration with the Ministry of Public Works and Transport (MPWT), has launched a payment service of MPWT public services via KB PRASAC Mobile app.

This partnership underscores a shared commitment to advancing digitalization, promoting cashless transactions, and enhancing the efficiency of public service delivery across Cambodia.

Via KB PRASAC Mobile app, customers can now pay for a wide range of MPWT services conveniently and securely, including:

• Purchase Number plate
• Vehicle​ registration
• Vehicle​ technical​ inspection
• Driver​ license​ issuance​ and​ renewal,​ and
• Land transport​ license​
• Other services

It is noteworthy that KB PRASAC Bank has recently launched a new, convenient payment service Phnom Penh – Sihanoukville Expressway via KB PRASAC Mobile app. This innovative solution allows travelers to bypass both entrance and exit tolls by utilizing Automatic Number Plate Recognition (ANPR) and Electronic Toll Collection (ETC) lane systems easily and without queuing.

We are excited and honored; and would like to warmly welcome to the precious presence of H.E. Yim Leat, Deputy Governor of NBC, and the esteemed members of the delegation during their official visit to KB PRASAC Bank Head Office on 5 February 2025.

We are grateful for NBC’s ongoing guidance and steadfast support in our shared mission of financial inclusion, consumer protection, financial literacy, and promoting the use of Khmer Riel. We look forward to supporting further NBC’s initiatives that foster the economic development of Cambodia.

KB PRASAC Bank is proud to announce its collaboration with the General Department of Taxation (GDT) to provide a convenient and secure tax payment service at the Bank’s selected key branch counters nationwide.

Customers of KB PRASAC Bank can now fulfill their tax obligations by paying the following taxes:

• Tax on Means of Transportation
• Property Tax
• Enterprise Tax, which includes monthly taxes (Salary Tax, WHT, Prepayment Tax, VAT, etc.) and annual taxes (Income Tax, Patent Tax, etc.).
• Other taxes

KB PRASAC Bank has installed the dedicated tax collection counter with a free-of-charge service at bank’s branches for streamlining financial transactions to be easier and faster in serving service for individuals and businesses alike.

In the near future, KB PRASAC Bank plans to further enhance convenience by expanding its tax payment services to digital platforms, including KB PRASAC Mobile app and KB PRASAC Corporate. This advancement will provide customers with an even more seamless, secure, and accessible way to fulfill their tax obligations anytime, anywhere.

As a key player in Cambodia’s socio-economic development, KB PRASAC Bank recognizes the critical role of tax compliance in fostering national growth. The Bank has been acknowledged as one of Cambodia’s largest taxpayers, earning Letters of Appreciation from Samdech Techo Hun Sen, then-Prime Minister of Cambodia, and H.E. Kong Vibol, Director-General of the GDT. These accolades highlight the Bank’s steadfast commitment to transparency and good corporate tax governance.

Please be informed that KB PRASAC Bank has consistently been awarded the prestigious “GOLD” Certificate of Tax Compliance from the GDT since the certification’s inception.

For more information, please visit Tax Payment Service or call 086 999 911 or 023 999 911.

Phnom Penh, 1 January 2025 – KB PRASAC Bank is pleased to launch a new, convenient payment method designed to enhance the travel experience on the Phnom Penh – Sihanoukville Expressway via KB PRASAC Mobile app. This innovative solution allows travelers to bypass both entrance and exit tolls by utilizing Automatic Number Plate Recognition (ANPR) and Electronic Toll Collection (ETC) lane systems easily and without queuing. This new payment method underscores KB PRASAC Bank’s commitment to enhancing customer convenience and streamlining financial transactions in Cambodia’s growing infrastructure and digital service landscapes.

Top up for Tolls Fee Payment with Ease: All users of KB PRASAC Mobile app can now top up for toll fee payment their own or relatives’ vehicle’s license plate balance directly through the app. This feature enables automatic deduction of toll fees according to the traveled distance and the type of vehicle at the exit point. Customers can top up up to USD 1,000 to their vehicle’s license plate balance, facilitating quicker and more efficient travel for every journey.

How to top up the balance via KB PRASAC Mobile app: First login to KB PRASAC Mobile app and follow few steps below:

1. Tap Payments
2. Tap Public Services and select PPSHV Expressway
3. Select plate type and enter plate number
4. Enter desired top-up amount
5. Tap Pay and then tap Confirm

No KB PRASAC Mobile app yet? You can download KB PRASAC Mobile app for your smartphone and create a savings account by yourself and top up the vehicle’s license plate balance for Phnom Penh–Sihanoukville Expressway before your departure.

Understanding ANPR and ETC: ANPR is a priority gate for automatic payment via license plate number. Customers need to top up the amount in advance, without having to take a card at the entrance. The amount will be automatically deducted from the KB PRASAC savings account at the exit. ETC is another priority gate of the Phnom Penh-Sihanoukville Expressway toll booth and has an automatic opening and closing barrier for vehicles to enter and exit. To enter and exit this gate, drivers must install an OBU device on the windshield of their vehicles. If your vehicle is not equipped with an OBU device, it will not be able to enter or exit this “ETC gate” even if you have already topped up money to your license plate.

For more information, please visit PPSHV Expressways Payment or call 086 999 911 or 023 999 911.

Phnom Penh, 25 December 2024 — KB PRASAC Bank is pleased to launch NSSF Enterprise Contribution Payment service via KB PRASAC Mobile app and KB PRASAC Corporate. Enterprises and legal entities can conveniently pay National Social Security Fund (NSSF) Enterprise Contributions for their employees.

With this new feature, customers as enterprises and institutions can use this innovative service to streamline payment processes, increase efficiency and cash security for their businesses. Via KB PRASAC Bank’s digital means, service fees for NSSF enterprise contribution payment are waived.

This latest offering reflects KB PRASAC Bank’s ongoing efforts to leverage digital innovation to meet the evolving needs of its customers, contributing to a more streamlined and secure financial ecosystem and promoting the growth of businesses in Cambodia.

For more information, please visit NSSF Enterprise Contribution Payment or call 098 999 911 or 023 999 911.

Kampot, Cambodia: KB PRASAC Bank is delighted to join the SEA Festival, held from 13 to 15 December 2024, in Kampot province, a vibrant celebration aimed at enhancing the value of local products, showcasing Cambodia’s tourism potential, and highlighting the eco-tourism opportunities along the nation’s stunning coastal areas. This annual event reflects the spirit of collaboration and innovation in driving sustainable economic growth and cultural pride.

At the festival, KB PRASAC Bank has hosted a booth to enable tourists to gain knowledge on using financial services that suit their needs, as well as consultation on KB PRASAC Bank’s financial products and services. In addition, the bank also participates in promoting financial inclusion and instilling savings habit with formal financial institutions by offering digital account opening with promotions that offer cash prizes and many souvenirs.

As part of its dedication to sustainable development, KB PRASAC Bank is also promoting green loans during the festival, encouraging environmentally responsible investments that benefit both customers and the planet.

Phnom Penh: KB PRASAC Bank, one of the leading commercial banks in Cambodia, is proud to sponsor the “Safe Finance” project by supporting the publication of textbooks on strengthening safe finance in communities in the objective to increase financial literacy, rights, and consumer protection in Cambodia.

This project was initiated by the National Bank of Cambodia and the Cambodian Microfinance Association and supported by several banking and financial institutions, including KB PRASAC Bank.

As a leading commercial bank, KB PRASAC reaffirms its commitment to engage with key players in the financial sector to promote the financial inclusion and customer protection and drive economic growth through providing a wide range of financial services.

Seoul, 13-Sep-2024: KB Financial Group Chairman Yang Jong Hee​ and the Group management team as well as management team of KB PRASAC Bank paid a courtesy call on Samdech Techo Hun Sen, Cambodian Senate President, at Incheon Inspire Resort, Incheon, Republic of Korea, on 11 September 2024.

This courtesy meeting was held during Samdech Hun Sen’s visit to Korea to deliver a special speech under the theme “Journey Towards Coexistence and Prosperity in ASEAN” at the 25^th World Knowledge Forum in South Korea.

Mr. Yang Jong Hee briefed Samdech Techo on the business situation of KB PRASAC Bank, a subsidiary of Kookmin Bank, in continuing to provide a wide range of inclusive and innovative financial services and in participating in social activities such as donating funds to the Samdech Techo Hun Sen Scholarship Foundation, saving Cambodian children by providing surgery to children with heart disease, and constructing libraries and classrooms with fully furnished of study materials in accordance with the standard.

Furthermore, Mr. Yang Jong Hee commented that KB Financial Group signed an MoU with the National Bank of Cambodia, highly graced by Samdech Thipadei Hun Manet, Prime Minister of Cambodia, during his visit to Korea last May 2024, to establish a QR code-based payment system between both countries in the objective to facilitate the payments of tourists and businesses. He added that, KB PRASAC Bank inked an MoU with Cambodia’s Ministry of Labor in providing the low interest rate loans to Cambodian workers dispatched overseas to South Korea, Japan, and other countries.

At the end of the meeting, Mr. Yang Jong-hee added that KB PRASAC Bank will follow and implement the National Bank of Cambodia’s Directive on Credit Restructuring to alleviate the expenses of customers who have to fulfill their loan repayment obligations and to promote economic growth through the increment of cash-flow. He also expressed his profound gratitude to Samdech Techo for allowing him and his team to pay a courtesy call on the occasion of Samdech’s visit to Korea and wished Samdech and the accompanying delegation Happiness, Prosperity, Success, and Growth.

Please note that KB Financial Group is Korea’s leading financial services provider offering broad range of financial products and services. The Group was founded in 2008 to better serve clients, enable growth and deliver value in a rapidly changing financial environment. The core strengths are expertise, a broad customer base, wide distribution network and strong brand with 11 subsidiaries. Learn more at www.kbfg.com

Phnom Penh, Cambodia, 9 August 2024– KB PRASAC Bank is pleased to announce the signing of a Memorandum of Understanding (MoU) with the Ministry of Labor and Vocational Training to offer unsecured loans to workers and trainees recognized by the Ministry of Labor and Vocational Training who aspire to work overseas. This collaboration aims to support individuals who need financial assistance during the documentation process required for overseas employment.

The signing ceremony was highly graced by Samdech Moha Borvor Thipadei Hun Manet, Prime Minister of Cambodia.

The unsecured loans will provide much-needed financial support to workers and trainees, ensuring they can cover the costs associated with preparing documents and other necessary expenses for working abroad. With a maximum loan amount of USD 5,000, an affordable interest rate of 8.5% per annum, and a loan term of up to 24 months, these loans are designed to be accessible and beneficial for those in need.

Mr. OUM Sam Oeun, President and CEO of KB PRASAC Bank, commented on the new initiative, saying, “We are committed to empowering the workforce and trainees of our nation. By providing these unsecured loans, we aim to remove the financial barriers that often hinder individuals from pursuing opportunities abroad. This partnership with the Ministry of Labor and Vocational Training reflects our dedication to supporting the economic growth and development.”

Workers and trainees who are recognized by the Ministry of Labor and wish to apply for an unsecured loan to support their journey to work abroad are encouraged to visit any KB PRASAC Bank branch for more details on how to apply or call 086 999 911 or 023 999 911.

The Management and Staff of KB PRASAC Bank are pleased to celebrate the historic event of the groundbreaking ceremony of Funan Techo Canal on 5 August 2024.

Funan Techo Canal is 180 kilometers long and 5.4 meters deep (underwater), passing through four provinces, including Kandal, Takeo, Kampot and Kep. There are 208-km sideroads starting from the Mekong River, Prek Takeo village, Samrong Thom commune, Kien Svay district, Kandal province connecting to the sea in Kep province, with 3 sluice gates and 11 bridges. Funan Techo Canal project will immensely benefit Cambodia both economically and socially.

Phnom Penh, 26 June 2024 – KB PRASAC Bank has been awarded the prestigious “GOLD” Certificate of Tax Compliance by the General Department of Taxation (GDT) for the period of 2024 to 2025. This recognition is a result of the bank’s unwavering commitment to full tax compliance, transparency, and prompt tax payments.

An officer of KB PRASAC Bank expressed his pride and gratitude, stating, “Receiving the GOLD Certificate of Tax Compliance is a significant achievement for KB PRASAC Bank. It reflects our diligent efforts to adhere to the tax compliance guidelines set by the Royal Government of Cambodia. This award is a testament to the dedication and integrity of our entire team in ensuring transparency and fulfilling our tax obligations to support Cambodia’s continuous development.”

He further added, “On behalf of the management of KB PRASAC Bank, we extend our heartfelt thanks to the General Department of Taxation (GDT) for this esteemed recognition. We remain committed to maintaining the highest standards of tax compliance and contributing positively to the nation’s growth.”

This accolade underscores KB PRASAC Bank’s dedication to ethical business practices and its role as a responsible corporate citizen in Cambodia. For info about KB PRASAC Bank, please visit us at www.kbprasacbank.com.kh

Phnom Penh, 13^th June 2024: KB Kookmin Bank (President & CEO Mr. Lee Jae Keun) announced on 12^th June 2024 that it held a scholarship award ceremony for children with heart disease in Cambodia.

KB Kookmin Bank, the parent company of KB PRASAC Bank, has been supporting heart surgery for children with heart disease in Cambodia since 2014, starting from the opening of the Heart Centre at Hebron Medical Center in Cambodia. To date, more than 250 children have received heart surgeries and made their dreams and hopes come true. This year, the bank supports 25 children with heart disease.

The scholarship ceremony was attended by KB PRASAC Bank President & CEO, Mr. OUM Sam Oeun, KB PRASAC Bank Deputy CEO, Mr. Kim Hyeun Jong, Country Director of Hebron Medical Country (HMC), Mr. KIM Woo Jung, Hospital Director of HMC, Mr. BAE Kian, Hospital Operating Director of HMC, Mr. KIM Yong KI, to present scholarships to children with heart disease and encourage them to grow for their bright future.

Since 2012, KB has also been conducting a social contribution project by inviting Cambodian children with heart disease to Korea for free surgery. Until now, more than 100 children with heart disease have undergone surgery in Korea and returned home healthy.

“We are providing scholarships so that children with heart disease can get a new life through surgery and fulfil their dreams,” said a KB official. “We will continue to generously support children, who are the future leaders, so that they can grow up properly.”

In addition, the bank has also been supporting surgery and treatment for children suffering from facial deformities in Korea, providing them with new hope.

About KB Kookmin Bank

KB Kookmin Bank is a Korea’s leading bank with the largest customer base and branch network in the nation. The bank is also leading the digital finance era, providing differentiated financial products and services engineered by its innovative financial know-how.

KB Kookmin Bank is a member of the largest financial group in South Korea. The group was founded in 2008 for giving a better customer service, growth and value in a rapidly changing world. Learn more at www.kbfg.com

About KB PRASAC Bank Plc.

KB PRASAC Bank Plc. is a newly formed commercial bank aims to deliver comprehensive and innovative banking services in Cambodia, promoting financial inclusion, economic growth, and providing state-of-the-art digital banking solutions to meet market demands. Learn more at www.kbprasacbank.com.kh

About Hebron Medical Center (HMC)

Hebron Medical Center is a non-profit charity organization dedicated to providing medical assistance to underprivileged Cambodian citizens. The center provides more than 60,000 outpatient treatments and thousands of operations, including open-heart surgeries annually. You can access Hebron at #102, St.68K, Phum Prey Sala, Sangkat Kakab2, Khan Porsenchey, Phnom Penh, Cambodia. Learn more at www.hebronmc.org

Phnom Penh, May 17, 2024 – KB PRASAC Bank Plc., one of subsidiaries of KB Kookmin Bank, has​ announced that the bank together with its shareholder, KB Kookmin Bank, have officially signed MoU for cross-border QR code payment between Cambodia and South Korea which is initiated and led by the​ National Bank of Cambodia (NBC). The signing ceremony was held during the Business Forum in South Korea on 16^th May with the arrangement of the Cambodia Chamber of Commerce and Korea Chamber of Commerce and Industry.

The signed memorandum of understanding (MoU) is to promote cross-border QR code payment​ transactions, remittances, payments in the national currency between Cambodia and South Korea towards building trust, security, efficiency, stability and more environmentally beneficial for the people and businessmen of both countries, especially to promote access to financial services of Cambodian migrant workers.

This innovative service will allow KB PRASAC Mobile users to seamlessly scan and pay with QR of KB Kookmin Bank throughout Korea. Only Khmer Riel account will be applicable for this service via KB PRASAC Mobile app. All customers can now open a Digital Account by just downloading KB PRASAC Mobile app and self-onboarding for scan and pay in Korea in the future.

This digital means of payment will eliminate the physical cash usage, the bother of currency exchange, and ensuring a cost-effective and user-friendly experience for KB PRASAC Mobile users and KB Kookmin Bank’s customers.

An officer of KB Kookmin Bank stated that the MoU between NBC and Kookmin Bank is a new and strategic milestone to allow its subsidiary, KB PRASAC Bank Plc., to offer another alternative of payment instruments to customers with a convenient and secure way to make cashless payments in Korea including the affordable remittances for Cambodia migrant workers. At the same time, customers of KB Kookmin Bank will be able to immediately scan and pay via KB PRASAC KHQR in Cambodia, too.

He added that the innovative payment and remittance solutions will be a safe, convenience and formal channels for cross-border QR code payment and remittances that benefits to not only citizens of both countries but also support the development of economic and financial relations. KB PRASAC Bank, a Cambodian subsidiary of KB Kookmin Bank, will play a key role in establishing and operating a payment system, including as a settlement bank for settlement funds.

The bank’s officer would like to express the sincerely thank the NBC for this initiative and giving the great opportunity for Kookmin Bank and KB PRASAC Bank to join the universal quick response (QR) code system for offering customers a seamless cross-border payment experience.

Please be noted that KB Kookmin Bank and KB PRASAC Bank have been supporting the surgery expenses to more than 100 children who have heart disease at Hebron Medical Center in Phnom Penh since 2014. Furthermore, KB PRASAC Bank has joint the sponsorships in various social activities such as donation to Cambodian Red Cross, Smile Cambodia, and building reading culture of Cambodian students through its library projects.

Phnom Penh: KB PRASAC Bank, one of the top five commercial banks in Cambodia, has extended a heartfelt gesture by donating 100 million Riel to the Cambodian Red Cross (CRC) in commemoration of the 161^st Anniversary of World Red Cross and Red Crescent Day on May 8^th, 2024. The event was celebrated with the theme “Together with Cambodian Red Cross for Healthy and Climate-Resilient Communities.”

Mr. OUM Sam Oeun, KB PRASAC Bank CEO, said, “We are deeply honored to contribute to the vital humanitarian work of the Cambodian Red Cross. This donation symbolizes our unwavering commitment to supporting our communities.”

KB PRASAC Bank has consistently embraced social responsibility initiatives to enrich the communities. The bank actively participates in various endeavors, including combating the Covid-19 pandemic, constructing library and school building, awarding outstanding talented students, sponsoring National Reading Day, sponsoring NBC’s Financial Literacy Awareness, ‘I love Riel’ Campaign, and providing emergency relief to its clients as well.

​​​This substantial contribution underscores KB PRASAC Bank’s commitment to supporting the humanitarian efforts of the Cambodian Red Cross. The bank hopes that this donation will empower the CRC to expand its relief programs to reach more vulnerable individuals in need.

Kampong Thom Province: A new 5-room school building was officially handed over to Ou Teuk Thla Primary School in Teuk Thla village, Kraya commune, Santuk district, Kampong Thom province on Monday morning, April 22, 2024 in the objective of enhancing education sector.

The ceremony was presided over by H.E. Sum Sannisith, Deputy Governor of the National Bank of Cambodia —high representative of Lok Chumteav Dr. Chea Serey, Governor of the National Bank of Cambodia—, Mr. Long Kiseng, Governor of Santuk District, and Mr. Oum Sam Oeun, Chief Executive Officer of KB PRASAC Bank Plc. The event was also attended by local authorities, teachers, students and people in the community.

Speaking on the occasion, Mr. Oum Sam Oeun said that the great wealth of the nation is human resources. In line with its social mission, KB PRASAC Bank has been actively involved in the promotion of the education sector. To date, KB PRASAC has provided 45 library buildings to high schools, secondary schools and primary schools in various provinces throughout the country, equipped with facilities, books and documents, as well as providing librarian training in accordance with the library standards of the Ministry of Education, Youth and Sport.

For the case of Ou Tuek Thla Primary School, the Bank has built a fully-furnished 5-room school building, aiming at providing classrooms with better teaching and learning environment for students and teachers. KB PRASAC Bank is immensely proud to be a part of the National Bank of Cambodia’s initiative to materialize this school building project in the remote and vulnerable Ou Teuk Thla community. He also urged students, teachers and the entire community to take care of the achievement to be able to use for many generations to come and encourage all their children to go to school.

H.E. Sum Sannisith, Deputy Governor of the National Bank of Cambodia, said that the National Bank of Cambodia is very proud to have initiated the construction of this school building, seeing the plight of the students at this school who do not have a proper school building. On behalf of the parents and guardians of the students, NBC would like to express our sincere thanks to KB PRASAC Bank for fully funding the construction of this 5-room school building. This beautiful and robust school building will motivate students to study hard and come to school regularly on time, without worrying about weather condition. At the same time, he also requested the parents and guardians to send their children to school both male or female, emphasizing the importance of education for improving living standard of the family. He added that sending children to school is like saving and accumulating wealth and is an investment for your children’s future to become a good resource in society development. He also emphasized in providing higher education to daughters because both men and women have the same capacity if they work hard and keep trying.

About KB PRASAC Bank

KB PRASAC Bank Plc. is a big new commercial bank in Cambodia formed through the successful merger between Kookmin Bank Cambodia Plc. and KB PRASAC Microfinance Institution Plc. KB PRASAC Bank Plc. aims to be the bank for all segments of society, from micro-businesses in rural areas to international enterprises. We are committed to providing comprehensive financial services that cater to every generation and become your lifetime financial partner.

More information www.kbprasacbank.com.kh

KB PRASAC Bank Plc. held blessing ceremonies at Head Office and all branches in all provinces, cities and capital to receive blessings from monks and celebrate the upcoming Khmer New Year, the year of Dragon.

May the devada (angel) of the New Year bless you and your family with prosperity and success together forever.

Phnom Penh – KB PRASAC Bank Plc., a new commercial bank formed through the culmination of a strategic merger between Kookmin Bank Cambodia and PRASAC Microfinance Institution, was officially launched on 23^rd February 2024, and graced by Lok Chumteav Dr. Chea Serey, Governor of the National Bank of Cambodia, a testimony of the pledge of the bank to be the trusted lifetime financial partner for all customers.

In her excellency’s speech, Lok Chumteav Dr. Chea Serey, Governor of the National Bank of Cambodia, congratulated the success of the merger of both financial institutions to be a new and big commercial bank by highlighting the importance of the merger of business which will strengthen the institution’s stability and resilience by increasing assets and deposits, enabling access to more convenient and diverse financial sources, reducing expenses, expanding the market, and diversifying products and services for customers, particularly SMEs, thus further improving Cambodia’s financial inclusion.

Lok Chumteav Dr. Chea Serey would also like to encourage KB PRASAC Bank Plc. to 1). Continue to contribute to the support and development of the communities, as well as continue to promote financial inclusion, in particular, the innovation of financial services for SMEs. 2). Continue to pay attention to customer protection and transparency in the provision of financial services, as well as the promotion of financial literacy in society 3). Provide loans to customers with affordable rates, and 4). Promote access to women’s financing and green loans in line with customer needs.

In his address, Mr. Yang Jong Hee, Chairman & CEO of KB Financial Group Inc., emphasized the importance of the relationship between Republic of Korea and Kingdom of Cambodia that have strengthened their foundation of ‘Economic Partnership’ with the implementation of the Free Trade Agreement (FTA) in 2022, the increase of the investment, creating job opportunities for Cambodian youths, and human resources development through the acceptance of Cambodian students to work and study in Korea.”

“In line with the Group’s market expansion strategy and seeing the potential of Cambodia’s rapid economic growth, KB Financial Group has penetrated Cambodian market by establishing Kookmin Bank Cambodia in 2009 and KB Daehan Specialized Bank Plc. (KDSB) in 2018; and in 2021, we welcomed PRASAC Microfinance Institution into the KB Financial Group family,” he added. “Following these steps, in August 2023, Kookmin Bank Cambodia and PRASAC Microfinance Institution merged to form a commercial bank named KB PRASAC Bank Plc., leading to today’s official grand opening.”

Mr Yang continued that KB Financial Group, a number one financial group in Korea and KB Kookmin Bank, a largest commercial bank in Korea, and a parent company of KB PRASAC Bank, will bring the banking experience, state of the art of Information Technology, digital solution, and financial support for Cambodian through the merged bank.

KB PRASAC Bank does not only provide banking services but also helps in the financial consultation and decision making to our customers, stating that, “Our customers will be always first, and KB PRASAC Bank will offer best financial products tailored to suit their diverse life cycles, aspiring to become trusted lifetime financial partner of our customers”.

Mr. Oum Sam Oeun, President & CEO of KB PRASAC Bank, expressed his enthusiasm for the journey ahead, stating, “We are so excited that we unite under the banner of KB PRASAC Bank Plc., thus making us even more empowered to fulfill the meaningful mission in enhancing financial inclusion and driving economic growth in Cambodia. We have more ability to provide the innovative, cutting-edge, and unparalleled services to meet the evolving needs of our customers through a combination of expertise, information technology, digital capabilities in answering to demands of all types of customers – Individual, Company and SME.

“KB PRASAC Bank is committed and ready in the implementation of our core strategy on customer-centric focus and ensuring that every decision we make is guided by the best interests of our customers. KB PRASAC Bank aims to be the bank for all segments of society, from micro-businesses in rural areas to international enterprises. We pledge to stand by you through providing comprehensive financial services that cater to every generation,” He added.

In closing, Mr. Oum Sam Oeun expressed his sincere gratitude to the National Bank of Cambodia, Ministry of Commerce, regulators, local authorities for advising and especially to valued customers who have supported and chosen KB PRASAC Bank as their lifetime financial partner.

About KB PRASAC Bank

KB PRASAC Bank Plc., has a commercial license from the National Bank of Cambodia and received the approval from the Ministry of Commerce to conduct its banking operations officially in August 2023; and is an affiliate of KB Kookmin Bank – Korea. The perfect synergy leverages the strength of nearly 30 years of experience of PRASAC in microfinance sector and the world-class financial innovation of KB Kookmin Bank in banking sector, allowing the merged bank to deliver more comprehensive and innovative banking services and products to the customers in banking market of Cambodia. The bank has consolidated total assets of USD 5.7 billion, deposit balance of USD 3.1 billion, total loan portfolio of USD 5.0 billion, 192 branch offices, and more than 10,000 staff. The bank is dedicated to promoting financial inclusion, driving economic growth, and providing innovative banking solutions to its diverse clientele.