Cambodia Investment Review
Phillip Bank, the only Singaporean-owned commercial bank in Cambodia, has officially opened its newly relocated Paoy Paet Branch. Situated in the burgeoning city of Poipet, which lies on the Cambodia-Thai border, this newly renovated branch aims to meet the growing financial needs of the region’s residents and businesses.
The new branch in Poipet offers a wider space and enhanced convenience for banking services, catering to individuals, businesses, and corporate customers. The branch provides a comprehensive range of banking products and services, including trade finance, banker’s cheques, and both local and international remittance options. This expansion underscores Phillip Bank’s commitment to promoting financial inclusion and supporting economic growth in the region.
Growing Financial Demand Of The Poi Pet Community
Phillip Bank CEO Chan Mach expressed enthusiasm about the branch’s potential impact. “We are thrilled to launch this branch and serve the growing financial demand of the Cambodian community. We are committed to promoting financial inclusion and driving economic growth by offering accessible banking services to every resident of Paoy Paet city and beyond,” said Mr. Chan. “Our newly renovated premises offer a modern and comprehensive range of banking services designed to meet the diverse needs of our customers, from everyday banking to specialized services for SMEs.”
Poipet is experiencing significant economic growth, with increased investment and development in the area. The city’s strategic location near the Cambodia-Thai border makes it an attractive site for businesses and investors. As part of its expansion, Phillip Bank aims to provide the necessary banking infrastructure to support this growth, facilitating financial transactions and services that are essential for economic development.
In addition to the new branch, the ongoing development of infrastructure projects, such as the Phnom Penh-Siem Reap-Poipet Expressway, is expected to further enhance connectivity and boost economic activities in the region. The expressway project aims to improve transportation and logistics, linking major tourist sites and the Cambodia-Thailand border.
As Poipet continues to develop as an economic hub, the presence of Phillip Bank’s new branch is set to play a pivotal role in supporting the city’s growth. By providing essential banking infrastructure, Phillip Bank aims to facilitate financial accessibility and foster community development.
Significant Step In Phillip Bank’s Expansion Strategy
In celebration of the branch’s opening, Phillip Bank is offering exclusive limited-time promotions and special gifts for new account holders. Customers with inquiries about these promotions can contact the Phillip Bank contact center, which operates 24/7, at 086 930 000, 089 989 818, or 088 465 9999.
The launch of the Paoy Paet Branch marks a significant step in Phillip Bank’s expansion strategy, reflecting its dedication to enhancing financial services and contributing to the economic prosperity of Poipet and the surrounding regions.
