Question 1

What is KB PRASAC Bank?

Accepted Answer

KB PRASAC Bank is a commercial bank in Cambodia formed through the merger of PRASAC Microfinance Institution Plc. and KB Kookmin Bank Cambodia Plc. in August 2023. As a subsidiary of KB Kookmin Bank of South Korea, it is one of the largest commercial banks in Cambodia.

With consolidated total assets of approximately USD 5.64 billion, deposit balances of USD 3.53 billion, and a loan portfolio exceeding USD 5.18 billion, KB PRASAC Bank ranks as the fourth-largest commercial bank in Cambodia by scale. The bank operates over 188 branch offices across the country and employs more than 10,000 staff members, making it the second-largest in terms of operational networks and workforce.

Question 2

When was KB PRASAC Bank founded?

Accepted Answer

KB PRASAC Bank's origins trace back to 1995 when PRASAC was established as a development project funded by the European Union. It initially operated as a rural credit operator before transforming into a licensed microfinance institution providing full-fledged financial services.

The institution evolved significantly over the decades. In 2020, KB Kookmin Bank acquired a 70% stake in PRASAC Microfinance Institution, followed by the acquisition of the remaining 30% in 2021. Meanwhile, KB Kookmin Bank had separately entered the Cambodian market in 2009 by establishing Kookmin Bank Cambodia.

The merger between PRASAC Microfinance Institution Plc. and KB Kookmin Bank Cambodia Plc. was approved by Cambodian authorities in August 2023, officially creating KB PRASAC Bank Plc. The bank held its grand opening ceremony on February 23, 2024, in Phnom Penh, presided over by Dr. Chea Serey, Governor of the National Bank of Cambodia.

Question 3

Where is KB PRASAC Bank headquartered?

Accepted Answer

KB PRASAC Bank is headquartered in Phnom Penh, Cambodia. The bank's main office is located on Street 271, Sangkat Tuol Tumpung 2, in the capital city.

As the administrative and financial center of Cambodia, Phnom Penh serves as the strategic hub for the bank's nationwide operations and its connection to its parent company, KB Kookmin Bank, based in South Korea.

Question 4

Where does KB PRASAC Bank operate?

Accepted Answer

KB PRASAC Bank operates throughout Cambodia with one of the most extensive branch networks in the country. With over 188 branches nationwide, the bank has established a presence covering approximately 98% of Cambodia's villages, particularly strong in rural and regional areas.

This extensive reach reflects the bank's microfinance heritage through PRASAC, which historically focused on serving rural communities and small businesses. The bank maintains operations in both urban centers and remote regions, enabling it to serve diverse customer segments from micro-businesses in villages to larger enterprises in cities.

The bank's widespread physical presence positions it as one of the most accessible financial institutions in Cambodia, bridging urban and rural banking needs.

Question 5

What services does KB PRASAC Bank offer?

Accepted Answer

KB PRASAC Bank provides comprehensive commercial banking services tailored to diverse customer segments. Core offerings include deposit accounts (savings and term deposits), various loan products ranging from microloans for farmers to SME financing and housing loans, and payment services.

The bank has made significant investments in digital banking infrastructure. In 2024, KB PRASAC launched its KB PRASAC Mobile app, KB PRASAC Merchant app, and KB PRASAC Corporate platform. The mobile banking app allows customers to open digital accounts instantly, transfer funds within the bank and to other institutions via Bakong, pay utility bills, top up mobile phones, and conduct ATM QR transactions.

Additional digital features include cross-border QR payment services allowing customers to make payments in Thailand using the PromptPay system, KHQR code scanning for merchant payments, and corporate internet banking with secure OTP generation and approval workflows. The bank offers services in both Khmer Riel (KHR) and US Dollar (USD) currencies.

Question 6

What makes KB PRASAC Bank unique?

Accepted Answer

KB PRASAC Bank stands out for its unique combination of deep local market knowledge spanning nearly 30 years and world-class Korean banking technology and expertise. This merger has created a rare hybrid institution that maintains strong rural microfinance roots while offering sophisticated commercial banking services.

The bank's extensive operational network of 188+ branches reaching 98% of Cambodia's villages is unmatched by most commercial banks, providing accessibility that few competitors can match. This positions KB PRASAC Bank to serve everyone from rural micro-businesses to urban enterprises.

Another distinctive feature is the bank's comprehensive digital transformation launched in 2024, including instant digital account opening, cross-border QR payments with Thailand, and integrated mobile, merchant, and corporate banking platforms. The bank's registered share capital of KHR 2,400 billion (approximately USD 600 million) demonstrates strong financial backing from its sole shareholder, KB Kookmin Bank.

KB PRASAC Bank's stated mission of being a "trusted lifetime financial partner" reflects its customer-centric approach, offering financial products tailored to different life stages and business needs across all segments of Cambodian society.

Question 7

What type of financial institution is KB PRASAC Bank?

Accepted Answer

KB PRASAC Bank is a licensed commercial bank regulated by the National Bank of Cambodia (NBC). The bank received its commercial banking license and merger approval from Cambodian authorities in August 2023.

As a commercial bank, KB PRASAC Bank operates under the full regulatory framework applicable to commercial banks in Cambodia, allowing it to offer a complete range of banking services including deposit-taking, lending, payment services, and digital banking. This classification distinguishes it from its predecessor microfinance institution status and enables broader banking activities.

The bank is structured as a public limited company (Plc.) and is wholly owned by KB Kookmin Bank Co., Ltd. of South Korea, making it a foreign-owned subsidiary operating in Cambodia's banking sector. KB PRASAC Bank is also listed on the Cambodia Securities Exchange (CSX), having obtained its securities listing certificate in 2020 while still operating as PRASAC Microfinance Institution.

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About KB PRASAC Bank in Cambodia