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.