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Mon, 1 February 2021
South Korean-owned Phnom Penh Commercial Bank Plc (PPCBank) and Prudential (Cambodia) Life Assurance Plc on February 1 struck a bancassurance partnership to provide additional options in financial products to the Kingdom’s consumers.
The agreement was signed between PPCBank president Shin Chang-moo and Prudential Cambodia CEO Sanjay Chakrabarty in Phnom Penh.
Shin said the partnership will serve as a one-stop-shop for financial solutions that will improve customer experience and convenience. The accord will provide service packages such as wealth protection and child financial security, he said.
He said: “This enables fully-informed and effective [financial] decision-making . . . PPCBank acknowledges the need for full banking accessibility in Cambodia.