KB PRASAC Bank Plc., has recently cooperated with Bill24 Co., Ltd. to launch bill payment service, allowing the Bank’s customers to pay bills of 21 private-owned electricity and water companies nationwide via KB PRASAC Mobile in their mobile phone in a convenient and fast manner at a low cost of only USD 0.12 only per transaction.

Those 21 partner suppliers are listed below:

This is the newest offer after the Bank launched electricity bill payment service for Electricité du Cambodge (EDC) and water bill payment service of Phnom Penh Water Supply Authority (PPWSA) and Siem Reap Water Supply Authority (SRWSA).

Haven’t had KB PRASAC Mobile app yet? Download the app via App Store or Play Store and self-open Digital Account now without visiting any branch (only valid Cambodian ID and phone number are required), then you can pay bills of water, electricity, other financial transactions.

What is even more special is that you will get interest rate up to 4% per annum for Digital Account. The more outstanding balance you maintain in Digital Account, the higher interest rate you will receive.

For more information, please call 023 999 911 or 086 999 911 or visit www.kbprasacbank.com.kh

Phnom Penh, Cambodia, 07 August 2023 — KB PRASAC Bank Plc. is officially announced and launched following the merger between PRASAC Microfinance Institution Plc. (“PRASAC MFI”) and Kookmin Bank Cambodia Plc. (“KBC”). The new merged bank “KB PRASAC Bank Plc. (‘KB PRASAC’)” has a commercial bank license from the National Bank of Cambodia and received a final approval for integration from the Ministry of Commerce recently.

KB PRASAC Bank has now 192 branches throughout Cambodia – 184 PRASAC branches with 8 KBC branches.
The perfect synergy leverages the strength of nearly 30 years of experience of PRASAC in microfinance sector and the world-class financial innovation of Kookmin Bank Cambodia in banking sector, allowing the merged bank to deliver modern and variety of banking services and products combine the state of art of core banking and digital banking system in order to better serve all segments of customers in Cambodia even beyond financial services.

KB PRASAC Bank has a strong shareholder “KB Kookmin Bank” – the largest commercial bank of Korea and a major subsidiary of KB Financial Group Inc., which is Korea-based global leader in universal financial services and a New York Stock Exchange listed holding company. KB Kookmin Bank has its strategic direction to bring all best practices together with digital financial technologies to KB PRASAC Bank for making customers easier access to banking services.

With a shared vision of promoting financial inclusion, KB PRASAC Bank Plc. is committed to be the most trusted financial partner with innovative and sustainable services that are helpful for customer’s growth. The bank aims to provide sustainable access to financial services to communities, and micro, small and medium enterprises.

Mr. OUM Sam Oeun, President and CEO of PRASAC MFI and now the CEO of KB PRASAC Bank Plc., expressed his excitement about this remarkable development, “We are delighted to have received this final approval for the merger process and commercial bank license. On behalf of shareholder and all of us at KB PRASAC Bank, I would like to extend my sincere thanks to the National Bank of Cambodia and the Ministry of Commerce, and relevant authorities for their support during this major consolidation,” he added.

“The merger of the financial institutions as ‘KB PRASAC Bank Plc.’ signifies a powerful synergy that will create more and more benefits to customers in Cambodia. By mixing PRASAC’s long-standing experience in microfinance with KBC’s cutting-edge FinTech solutions and global expertise, we become a new stronger bank with an extensive network, wider branch presence, and increased total assets.”
Mr. Sam Oeun continued, “As we embark on this exciting journey, KB PRASAC Bank Plc. extends heartfelt appreciation to our valued customers for their trust and loyalty. We are committed to working tirelessly to make their lives better and contribute to Cambodia’s development by delivering innovative financial solutions and promoting financial inclusion.”

“We are confident that the merged bank’s expertise, resources, and commitment to excellence will empower customers and communities alike, stay in tune with the best financial partner – KB PRASAC Bank Plc.,” concluded Mr. Sam Oeun.

Please note that all documents such as loan agreements, term deposit certificates, ATM card, credit card, savings passbook and other legal documents of both PRASAC MFI and KBC remain valid. For further information, please kindly contact call center of KB PRASAC Bank via 023 999 911, 086 999 911, 0969 999 911 or email to info@kbprasacbank.com.kh.

About KB PRASAC Bank Plc.
KB PRASAC Bank Plc., a subsidiary of KB Financial Group, is a newly commercial bank in Cambodia formed through the successful merger of PRASAC Microfinance Institution Plc. and Kookmin Bank Cambodia Plc. The bank has consolidated total assets of USD 5.7 billion, deposit balance of USD 2.9 billion, total loan portfolio of USD 5.0 billion, 192 branch offices, and more than 10,000 staff. KB PRASAC offers full-fledged financial services that meet client’s needs and preferences. The bank is dedicated to promoting financial inclusion, driving economic growth, and providing innovative banking solutions to its diverse clientele. For more information, please visit www.kbprasacbank.com.kh

About KB Kookmin Bank
KB Kookmin Bank Co., Ltd. is a leading commercial bank in South Korea that has the largest number of branches in the industry and over 36 million customers equivalent to more than half of the nation’s population. The bank also stands as the leader in digital finance service by operating mobile platforms including Liiv and KB Star Banking with more than 17 million customers. It plays a key role in creating synergy among affiliates within KB Financial Group. For more information, please visit www.kbstar.com / www.kbfg.com.

Phnom Penh, 26 July 2023: PRASAC, the largest microfinance institution in Cambodia with the strong shareholder KB Kookmin Bank from Korea, has offered special interest rate up to 4% per annum for Digital Account which customer can open instantly via PRASAC Mobile Banking app right on mobile phone without the need to visit a branch, providing unparalleled convenience and flexibility.

Customers, aged up from 16 years old with valid Cambodian National Identification Card, can open PRASAC Digital Account without initial and minimum balance. However, the more outstanding balance the customers maintain in Digital Account, the higher interest rate they will receive. The offer is eligible for existing and new customers of Digital Account.

The Interest Rates of Digital Account:

With Digital Account, customers can check account balance, receive and transfer funds within PRASAC and across banks, scan KHQR to transfer funds or pay bills of water, electricity, solid waste and education fee, top up phone and other transactions.

Don’t wait! Open Digital Account now to get such benefits by downloading PRASAC Mobile Banking app from the Google Play Store or Apple App Store.

For more information, please visit Digital Account

PRASAC, the largest microfinance institution in Cambodia with the strong shareholder KB Kookmin Bank from Korea, has opened 2 new branches to provide better and inclusive financial services to customers and especially expand outreach nationwide.

Those 2 new branches are:
  1) PRASAC Trapeang Andoeuk branch, in Stueng village, Ou Saray commune, Tram Kak District, Takeo Province
  2) PRASAC Veal Veng branch, in Pramaoy village, Pramaoy commune, Veal Veng ditrict, Pursat Province.

These 2 new branches add up PRASAC’s office network up to 184, indicating the unrelenting commitment to customer-centric approach and dedication to delivering the best customer experience. We will continue to expand nationwide office and ATM network and spur FinTech as well as to bring our advanced financial products and services to more people across Cambodia.

Oddar Meanchey, 29 May 2023: PRASAC, the largest microfinance institution in Cambodia with the strong shareholder KB Kookmin Bank from Korea, has launched waste bill payment service of Viphou Phopudh Utility Co., Ltd in Oddar Meanchey province via​ PRASAC Mobile Banking for free of charge, every time and everywhere.

For those who have not yet had PRASAC account, you can open Digital Account via PRASAC Mobile Banking by yourself now and enjoy paying waste bill and other transactions for free of charge.

For more info, please call 086 999 911 or 023 999 911

Phnom Penh: KB PRASAC, the largest microfinance institution in Cambodia with the strong shareholder KB Kookmin Bank from Korea, has donated 200 million Riel to Cambodian Red Cross (CRC) in the celebration of the 160th Anniversary of World Red Cross and Red Crescent Day on 8 May 2023, under the theme “Together with Cambodian Red Cross for Social Inclusion.”

As the leading institution, KB PRASAC has actively engaged in social activities in order to create values and benefits for the society. Moreover, KB PRASAC always participates in many initiatives which benefit to society such as the battle against Covid-19 pandemic, the construction of library buildings, 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.

Through this contribution, KB PRASAC is glad to support the social activities of the Cambodian Red Cross. KB PRASAC hopes today’s donation will enable Cambodian Red Cross to further extend its relief program to more vulnerable victims.

KB PRASAC is dedicated to offering full-fledged financial services namely loans, deposits, PPWSA bill payment, EDC bill payment, waste collection bill payment, tuition fee payment, phone top-up, interbank fund transfer via Bakong system and Retail Pay system, inter-branch fund transfer, cash-by-code, foreign exchange, Cambodian Shared Switch (CSS), Fast Payment, real-time fund transfer, payroll, automated teller machine (ATM), cash deposit machine (CDM), KB PRASAC Mobile Banking and KB PRASAC Internet Banking, POS, bank confirmation and other services to target clients.

Phnom Penh: PRASAC, the largest microfinance institution in Cambodia with the strong shareholder KB Kookmin Bank from Korea, received a Letter of Appreciation from Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of Cambodia, in the occasion that PRASAC was named the most significant Tax on Income payer for the financial year 2022.

In the appreciation letter, Samdech Prime Minister stated, “I would like to express my sincere gratitude and admiration to Directors of the Institution who have declared and paid tax on its annual income for 2022 and was accredited as the 2nd largest payer of the Tax on Income among the top 10 enterprises that declared and paid such tax for the year 2022. The company’s fulfillment of the excellent and voluntary tax payment obligation is an excellent example for other enterprises, especially reflecting a high level of tax compliance and good corporate tax governance. Furthermore, I highly praise and admire the enterprise for its crucial contribution to Cambodia’s economy and social development.”

Phnom Penh, 13 April 2023: PRASAC, the largest microfinance institution in Cambodia with the strong shareholder KB Kookmin Bank from Korea, has announced the launch of Digital Account that allows on-the-go customers to open via PRASAC Mobile Banking app instantly by him/herself to perform banking transactions as needed.

Customers, aged up from 16 years old with valid Cambodian National Identification Card, can open PRASAC Digital Account without initial and minimum balance. Customers can check account balance, receive and transfer funds within PRASAC and across banks, scan KHQR to transfer funds or pay bills of water, electricity, solid waste and education fee, top up phone and other transactions.

Customers can top up the Digital Account easily via any PRASAC Cash Deposit Machine or by receiving funds from relatives’ or business partners’ PRASAC accounts or from Bakong wallet or from the app of other banks and financial institutions which are the members of Bakong and Retail Pay systems or at any PRASAC branch during working hours.

For more information, please visit Digital Account
Customers can download PRASAC Mobile Banking app from the Google Play Store or Apple App Store to open PRASAC Digital Account today.