navigate_nextMedianavigate_nextOur Newsnavigate_nextACLEDA Bank Plc. and KEB Hana Bank Sign MOU
ACLEDA Bank Plc. and KEB Hana Bank Sign MOU
September 23, 2015
Phnom Penh, September 23, 2015, ACLEDA Bank Plc., the bank you can trust, the bank for the people, and the leading Cambodian commercial bank for all sectors, has announced today that ACLEDA Bank Plc. signs a Memorandum of Understanding with KEB Hana Bank to establish a basis framework in cooperation across a range of banking business.
Dr. SO Phonnary, Executive Vice President & Group Chief Operations Officer of ACLEDA Bank Plc., said the partnership with KEB Hana Bank can make international fund transfer/payment possible for Cambodian workers plus others who need to make their payment possible for their relatives or love one available at the their native villages in and outside Cambodia, and not limited to this, however it can be both ways. Under this MOU, both banks provide mutual benefit to the customer such as:
- Remittances between Cambodia and Korea
- Mutual Referral of Customers
- Mutual exchange of staff
- Other Banking cooperation
Mr. Chi Ok Kim, Global Head of Financial Institutions Department of KEB Hana Bank, said the agreement will be a great opportunity for the KEB Hana Bank and ACLEDA Bank Plc. through the partnership with of Cambodia and Korea, these citizens have access to affordable and convenient money transfer services.
About ACLEDA Bank Plc.
By the end of August, 2015, ACLEDA Bank Plc. has 256 branches throughout Cambodia, 41 branches and offices in Laos, and 6 branches and offices in Myanmar with the total assets of roughly US$3,711 million, loans outstanding of US$2,364 million, and deposits of US$2,660 million. It has 5 subsidiaries: ACLEDA Bank Lao Ltd., ACLEDA Securities Plc., ACLEDA Training Center, ACLEDA MFI Myanmar Co., Ltd., and ACLEDA Properties Ltd.
About KEB Hana Bank
KEB Hana Bank (herein under "KEB Hana") the merged entity between Hana Bank and Korea Exchange Bank launched effective on September 1, 2015. Through this integration, KEB Hana has become the largest bank in terms of total assets, equivalent to 285 trillion won, and secured the largest market shares in major business areas such as foreign exchange, trade finance and private banking. KEB Hana manages overseas network of 125 in 24 countries, the most extensive in Korea. The Bank is a wholly owned subsidiary of Hana Financial Group, one of the largest financial holding companies in Korea, and serves as its main flagship. For more details, please visit www.kebhana.com.
ACLEDA Bank Plc.
Mr. PROM Visoth
E-mail: visoth@acledabank.com.kh
KEB Hana Bank
Mr. Jin Uk Kim
E-mail: kju119@hanafn.com