Phnom Penh, Cambodia — Prince Bank Plc. wishes to assure all customers, partners, and the public that the Bank continues to operate independently and legally as a licensed commercial bank under the supervision and regulation of the National Bank of Cambodia (NBC). 

The Bank’s corporate governance framework is firmly established in accordance with NBC’s prudential standards and guided by the highest principles of transparency, accountability, and integrity.

In light of the recent notice by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), Prince Bank wishes to emphasize the following:

• Continued Independent Operations:

Prince Bank remains fully operational and compliant with all Cambodian laws and regulatory requirements. The OFAC’s administrative action does not impact the Bank’s ability to conduct business in Cambodia.

• Possible Impact on Certain Partners:

Some international or regional business partners may be required to comply with OFAC’s instructions, which could result in delays or adjustments in specific cross-border or correspondent banking services. The Bank continues to monitor developments closely and remains committed to providing transparent updates to customers as necessary.

• Uninterrupted Banking and ATM Services:

All banking operations, ATMs, digital banking platforms, and branch services remain fully operational. Customers can continue to access their funds, perform transactions, and use all Prince Bank services as usual.

• Independent Governance and Oversight:

Shareholders do not participate in or influence daily operations. Prince Bank maintains a clear separation between ownership and management, ensuring decisions are made independently and in the best interests of customers and stakeholders.

• Distinguished and Independent Board of Directors:

The Bank is overseen by a highly reputable, independent Board composed of seasoned professionals who ensure strong governance, compliance, and risk management in line with Cambodian regulatory expectations and international best practices.

• Experienced CEO and Management Team:

Prince Bank’s leadership team, headed by a CEO with extensive regional banking experience, ensures the Bank remains stable, professionally managed, and focused on long-term growth and customer trust.

Prince Bank remains steadfast in its mission to protect customer interests, maintain financial stability, and uphold integrity in every aspect of its operations. The Bank continues to work closely with the National Bank of Cambodia to ensure full regulatory compliance and operational transparency.

Our customers’ trust and confidence remain our highest priority.

For further information, please contact:

Corporate Communications Department

Prince Bank Plc.