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.

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 KB PRASAC Microfinance Institution Plc. (“KB 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 KB PRASAC branches with 8 KBC branches.
The perfect synergy leverages the strength of nearly 30 years of experience of KB 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 KB 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 KB 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 KB 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 KB 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