Prince Bank Celebrates 9 incredible years of growth, success, and commitment to be the leading trusted bank in Cambodia

[Phnom Penh 18 July 2024] Prince Bank, a Cambodian bank, recently celebrated its 9th anniversary, marking nearly a decade of providing financial services to the country's financial landscape and indirectly through our various activities in nation-building. Since its establishment in 2015 as a microfinance institution and in 2018 as a full-fledged commercial bank, Prince Bank has aimed to provide banking excellence by combining technological innovation with a strong emphasis on customer satisfaction, providing solutions that prioritize and has led us to become one of the most trusted banks in Cambodia. Celebrating its 9th anniversary, Prince Bank has not only achieved a significant milestone but has also exceeded all expectations to emerge as a major player in Cambodia's banking sector. Over the course of its remarkable nine-year journey, Prince Bank has built trust and financial strength, with sizable assets totaling at about $1.4 billion. The bank's capital adequacy ratio stands around 27% in 2023, surpassing regulatory requirements and positioning the bank for substantial growth and dominance in the future.

With a growing customer base of 100,000, Prince Bank has become a stronger financial institution, with deposits inching towards $1 billion and loans coming close to $800 million. The bank's long-term dedication to supporting the Cambodian Riel, its partnerships with the National Bank of Cambodia (NBC) and the Association of Banks in Cambodia (ABC), and its significant role in various financial initiatives demonstrate its unwavering commitment to strengthening Cambodia's economic ecosystem, advancing financial literacy, and nation-building. Furthermore, Prince Bank's initiatives go beyond finance and contribute back to the Cambodian community through active involvement in corporate social responsibility (CSR) efforts, particularly in promoting sports and education programs for the betterment of the future generation.

Throughout its journey, Prince Bank has distinguished itself by achieving substantial growth in its assets, expanding its customer base, and increasing its physical and digital presence. The bank has expanded its range of services to include various innovative financial products, such as different types of loans (personal, auto, and housing loans) and advanced mobile banking applications (PRINCE Mobile, PRINCE MobileBiz, and PRINCE Merchant App), tailored to meet the digital banking needs of its customers. These applications are designed with cutting-edge features to ensure they are easy to use, convenient, and secure. 

Prince Bank also plays a crucial role in regional economic development by focusing on small and medium-sized enterprises (SMEs). Understanding the challenges faced by SMEs, such as limited financial access, the bank provides customized solutions like business loans with favorable terms, financial advice, and market access to empower these businesses, thereby fostering community economic prosperity.

Furthermore, Prince Bank has partnered with two international money transfer services, RIA Money Transfer and MoneyGram. The bank provides a wide range of debit and credit cards (standard, classic, platinum, and diamond tiers) affiliated with major payment networks such as Mastercard, Visa, and UnionPay. Recently, Prince Bank has become the first and only bank to offer its customers a wide range of high-yield savings products, including the Clever Savings Builder account, Clever Savings account, Wealth Double Fortune account, and Clever Merchant account, which are bundled with bancassurance and protection for our customers' well-being. 

With a network of 36 branches, 84 ATM service locations, and four exclusive Priority Banking lounges, Prince Bank ensures comprehensive financial services and a customized banking experience for its diverse customers. In 2023, the bank received several international awards from prestigious organizations like International Banker, Asiamoney, and International Finance Magazine. These accolades affirm the bank's commitment to excellence in banking and recognize its continuous effort to offer products and services that align with its dedication to going the extra mile for its customers, as reflected in its slogan, "We Try Harder for You."

On the occasion of Prince Bank's 9th anniversary, Mr. Honn Sorachna, CEO and Managing Director, expressed his heartfelt gratitude to the customers, business partners, regulators, stakeholders for their unwavering support and trust in Prince Bank. Additionally, he took the opportunity to show his appreciation to the bank's employees, from the frontlines to the leaders, recognizing that Prince Bank would not be who it is today without their commitment and determination to succeed and overcome challenges. He also expressed his pride in having such remarkable colleagues and extended his sincere thanks to the valued business partners and customers for their trust and continuous support for Prince Bank throughout the years. And most importantly, the invaluable guidance and support given by the regulators are highly valued and appreciated. He emphasized the commitment to redouble efforts and try harder to provide valued and high-quality financial services in Cambodia.

The 9th-anniversary celebration was a moment of reflection and anticipation, providing an opportunity for the bank’s stakeholders, including employees, customers, and partners, to celebrate the milestones achieved and look forward to the future with optimism. As it steps into the next chapter, Prince Bank remains dedicated to its mission of being a Cambodian bank serving Cambodians with exceptional banking services while contributing to the overall development of Cambodia.

If you need further information or consultation on Prince Bank’s financial services, please feel free to contact 1800 20 8888 (Toll-free), our friendly and well-trained contact center representatives are ready to help you.