PRASAC Thanks Valued Depositors for USD 2 Billion of Deposit Balance

Phnom Penh, 27 November 2020: PRASAC, a licensed microfinance deposit-taking institution (MDI) from the National Bank of Cambodia and a listed MFI in Cambodia Securities Exchange (CSX), has recently achieved a new milestone of deposit outstanding balance at USD 2 billion with 800,000 deposit accounts.

PRASAC Thanks Valued Depositors for USD 2 Billion of Deposit Balance

This adds up to the institution’s solid performance list: total assets of USD 3.39 billion, loan portfolios of more than USD 2.96 billion with 440,000 borrowers and more than 9,000 staff nationwide, according to statistics as of October 2020.

The MDI license above gives PRASAC in offering the deposits service to public since 2011. The deposit portfolio has tremendously grown year-by-year thanks to the trust from the valued customers and the institution’s commitment to provide the best customer service experiences.

“Deposits mobilized by MDI plays a vital role not only as an important source of funds for the institution to lend to rural and urban borrowers but also as instrument for promoting savings and banking habit among the people,” said Mr. Say Sony, Executive Vice President of PRASAC. “This also contributes to the healthy and sustainable economy of the nation.”

Mr. Sony continued, “The great achievement comes from the strong support from all valued customers, the institution’s offer of the high return, excellent customer experience and easy access to banking services through the deployment of the state-of-the-art core banking system, ATM, Cash Deposit Machine, Mobile Banking, Internet Banking, ​POS and QR code or merchant payments, water and electricity bill payments, and interbank fund transfer within Cambodia.”

Mr. Sony added that, “On behalf of PRASAC’s management, we would like to thank all customers, and stakeholders including regulators for feedback and advice since our inception until we are becoming the biggest and trusted institution as today; it is an additional encouragement for us to continue our commitment in providing the excellent customer service and user experiences through formal banking channel.”

To carter the needs of customers, PRASAC provides various types of deposit and savings service with many choices of term namely ​​​Savings Account, Unfixed Deposit Account, Savings Plan Account, Flexi Growth Savings Account, Term Deposit Account, ​Kid Growth Savings Account, and Financial Institution Business Account. Visit this link or any nearest PRASAC branch office for account opening with earning Beyond the High Interest Rate.