The Bank is currently 100% owned by local shareholder called “Daun Penh Land Co., Ltd”.
On 23 January 2007, the Bank was incorporated by Korean shareholders under registration number Co-3374/07E. On 23 May 2007, the Bank obtained a license from the National Bank of Cambodia (“NBC”) to operate as a commercial bank, and officially commenced operations on 01 June 2007. Thereafter, the Bank decided to downsize the Bank’s operations to Specialized Bank with new license from NBC number SB-09 effective from 01 July 2011.
In late 2018, the shareholders of the Bank entered into Share Sale and Purchase Agreement (SSPA) to wholly sell the Bank to Daun Penh Land Co., Ltd. The transaction got approval from NBC on 05 June 2018 and ratified amended Memorandum Article of Associations (“MoA”) on 22 October 2018.
The Bank operates in Phnom Penh and Kandal Province through its branches. In addition, the Bank commits to expand banking operations through alternative channel networks in many allowable business models in order to provide better customers’ experiences and to expand the outreach.