KB PRASAC Bank Plc's asset
KB PRASAC Bank Plc

@kbprasacbank.com.kh

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 February 23, 2024.

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About

Description

KB PRASAC Bank Plc., officially launched on February 23, 2024, is the culmination of a strategic merger between Kookmin Bank Cambodia and PRASAC Microfinance Institution. This merger represents a significant development in the Cambodian banking sector, combining the strengths and expertise of two established financial institutions to create a more robust and comprehensive banking entity. The merger of Kookmin Bank Cambodia and PRASAC Microfinance Institution brings together a wealth of experience, resources, and a diverse customer base. This strategic move is expected to enhance operational efficiency, expand market reach, and offer a broader range of financial products and services to individuals, businesses, and communities across Cambodia. KB PRASAC Bank Plc. is poised to leverage its combined strengths to drive innovation, improve customer experience, and contribute to the overall growth and stability of the Cambodian economy. With a strong foundation and a strategic vision, the newly formed bank is well-positioned to meet the evolving needs of its customers and to play a significant role in the development of the financial sector in Cambodia. The launch of KB PRASAC Bank Plc. signifies a new chapter in the banking landscape of Cambodia, characterized by increased competitiveness, improved services, and greater opportunities for financial inclusion and growth. It will be interesting to observe how the bank evolves and makes a positive impact on the financial well-being of individuals and businesses in the country.

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Company Type

Privately Held

Company Size

10,001+

Year Founded

2023

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