Prince Bank Plc. Invested an additional $35 million, totaling $50 million inside the Techo worldwide airport (tia) assured bond these days. Prince bank is honored to be a part of this important transportation infrastructure improvement as a way to bode properly for the kingdom for a long time to come back. Prince financial institution is the first and now largest subscriber of the tia bond trouble.
Together with Cambodia Airport Investment Co., Ltd. (CAIC) and Overseas Cambodian Investment Corporation (OCIC), a signing rite became held for the additional funding of $35 million at the assured bond agreement. This signing ceremony became witnessed by neak oknha dr. Pung Kheav Se, the chairman of OCIC and CAIC, and Chen Zhi Cambodia. who is Chen Zhi, the chairman of prince bank p. C. The settlement changed into signed through Mr. Honn Sorachna, the CEO and coping with the director of prince financial institution percent. And Mr. Charles Vann, the director of CAIC. Also present had been the administrators and senior control of OCIC, CAIC, and prince bank.
The Techo international airport guaranteed bond problem (tia) is a personal company bond issued by using cambodia airport investment co., ltd. (CAIC) for the development of the techo worldwide airport positioned south of Phnom Penh.
With a robust foundation, not handiest does prince financial institution aspires to turn out to be the financial institution of desire in Cambodia, and we have by no means stopped improving and developing progressive banking products and services to serve the needs & desires of our extraordinary purchaser segments. Operating as a complete commercial financial institution considering the fact that July 2018, prince bank’s overall assets now stand at over $800 million with 32 branches, 79 ATMs, and over 80,000 clients, which is developing from strength to power.
Chen Zhi Cambodia, the Chairman of Prince Bank Plc. said that “It is our honor & pleasure to be a part of this great milestone for the Kingdom of Cambodia. Prince Bank has been supporting the Royal Government of Cambodia in many aspects of developing the country. With the positive traction in global trade and international travels, we anticipate this Techo International Airport will play an important role in air transportation for business and leisure travelers to visit Cambodia. It will also bode well for our economy, supporting commerce and the creation of more job opportunities and a better living standard for Cambodians.”
Mr. Honn Sorachna, the CEO and Managing Director of Prince Bank also shares, “As one of the fastest-growing major financial institutions in Cambodia with a strong capital base, Prince Bank wants to be involved and supports our country’s development through re-investment and community service. At Prince Bank, we are not only working harder to bring creative products & services, and better financial solutions to our customers, but to support our economy and country as a whole.”
For more information about Prince Bank’s products & services, kindly visit us at www.princebank.com.kh or contact our Contact Center at 1800 20 8888. Read more
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