Prince Bank Honored as Best Bank for SMEs in Cambodia 2024 by Euromoney
Recognition highlights Prince Bank’s commitment to supporting local businesses and driving economic growth
Prince Bank has been named the ‘Best Bank for SMEs in Cambodia 2024’ by Euromoney, reflecting its dedication to providing innovative financial solutions tailored to the needs of small and medium-sized enterprises. Mr. Honn Sorachna, Managing Director and CEO of Prince Bank, expressed gratitude for the honor, attributing the bank’s success to the trust and collaboration of its customers and partners. Over the past nine years, Prince Bank has established itself as a key player in Cambodia’s banking sector, known for its customer-centric approach and cutting-edge financial offerings that simplify business complexities.
The award underscores Prince Bank’s leadership in offering comprehensive services for SMEs, including business loans, trade finance, overdrafts, payroll services, and efficient cash management solutions. The bank has also developed advanced digital platforms—PRINCE Mobile, PRINCE MobileBiz, and PRINCE Merchant—that enable SMEs to manage accounts, process real-time payments, and make investments remotely. In collaboration with the Credit Guarantee Corporation of Cambodia, Prince Bank provides specialized loan programs such as the PGS Women’s Loan scheme and the Portfolio Guarantee Scheme for Women Entrepreneurs, offering loans up to one hundred thousand US dollars with favorable terms to support business growth and resilience.
Prince Bank continues to enhance its offerings and leverage technological advancements to deliver more efficient financial solutions, ensuring that SMEs thrive in Cambodia’s dynamic economy. The bank’s strategic partnerships and proactive efforts to understand and address the challenges faced by SMEs have been instrumental in its success. Additionally, Prince Bank contributes to Cambodia’s broader economic growth through corporate social responsibility initiatives that promote financial literacy among SME owners. The Euromoney award recognizes Prince Bank’s unwavering dedication to empowering local businesses, setting new standards in the banking industry, and fostering inclusive growth and long-term prosperity in Cambodia.
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The award underscores Prince Bank’s leadership in offering comprehensive services for SMEs, including business loans, trade finance, overdrafts, payroll services, and efficient cash management solutions. The bank has also developed advanced digital platforms—PRINCE Mobile, PRINCE MobileBiz, and PRINCE Merchant—that enable SMEs to manage accounts, process real-time payments, and make investments remotely. In collaboration with the Credit Guarantee Corporation of Cambodia, Prince Bank provides specialized loan programs such as the PGS Women’s Loan scheme and the Portfolio Guarantee Scheme for Women Entrepreneurs, offering loans up to one hundred thousand US dollars with favorable terms to support business growth and resilience.
Prince Bank continues to enhance its offerings and leverage technological advancements to deliver more efficient financial solutions, ensuring that SMEs thrive in Cambodia’s dynamic economy. The bank’s strategic partnerships and proactive efforts to understand and address the challenges faced by SMEs have been instrumental in its success. Additionally, Prince Bank contributes to Cambodia’s broader economic growth through corporate social responsibility initiatives that promote financial literacy among SME owners. The Euromoney award recognizes Prince Bank’s unwavering dedication to empowering local businesses, setting new standards in the banking industry, and fostering inclusive growth and long-term prosperity in Cambodia.
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