KB Kookmin Bank Opens Two Branches of Cambodian Local Subsidiary

Simultaneous Opening of Branch 7 and Branch 8

[Asia Economy Reporter Park Sun-mi] KB Kookmin Bank announced on the 19th that it has simultaneously opened the 7th branch, Trolaychangba Branch, and the 8th branch, Jamjjaoji Branch, of its local subsidiary KB Cambodia Bank in Phnom Penh, the capital of Cambodia.

As with the existing branches, local Cambodians were appointed as branch managers for the 7th and 8th branches. These branches will focus on business loans for local small and medium-sized corporations and individual entrepreneurs, as well as housing loans for individual customers.

With this opening, KB Cambodia Bank now has eight networks throughout Phnom Penh since its establishment in 2009, and it is expected that synergy with Prasac Microfinance, which was incorporated as a subsidiary of KB Kookmin Bank in the first half of this year, will expand.

At the opening ceremony, Choi Chang-soo, Head of the Global Business Group, attended and personally encouraged the KB Cambodia employees who are doing their best despite the COVID-19 situation.

A KB Kookmin Bank official stated, “The eight networks of KB Cambodia Bank will serve as a foothold for promoting synergy with Prasac in the future,” adding, “Both companies will devote all efforts to workforce development and local support so that they can emerge as leading foreign banks in Cambodia.”

This content was produced with the assistance of AI translation services.