23 June 2009
The Saigon Thuong Tin Joint Stock Commercial Bank (Sacombank) officially opened a branch in Phnom Penh on June 23, becoming the 27th the foreign bank to operate in Cambodia and the first Vietnamese bank in Cambodia. This event marks another milestone in the bank’s regional growth of the Indochina network.
Chairman of Sacombank - Mr. Dang Van Thanh affirmed that the bank and the Sacombank Group will provide convenient services and smart financial solutions for customers in Cambodia. He also pledged that his bank will work to contribute to promoting healthy, dynamic development in the financial-monetary market in Cambodia .Through its newest branch, Sacombank will offer 23 financial-banking services for individuals and businesses in the host country. It has also targeted Vietnamese businesses in Cambodia, overseas Vietnamese, and Vietnamese people working for local and international organizations there.
As per its development plan, Sacombank will open two transaction offices in Phnom Penh by 2010.
Apart from its more than 400 branches sub-branches scattered throughout Vietnam, Sacombank has opened branches in China, Laos and Cambodia to help implement Vietnam’s cooperation agreements with those countries effectively. Earlier, on June 22nd, Chairman of Sacombank Mr. Dang Van Thanh was welcomed by Cambodian Prime Minister Hun Sen and National Assembly Chairman Heng Samrin, and talked about prospects for cooperation on banking and finance to serve the development of their national economies.
8 December 2010
Sacombank (Cambodia) Plc. had celebrated grand opening the first branch in Phnom Penh with the present of Deputy Director General, Representative of His Excellency CHEA CHANTO - Governor of the National Bank of Cambodia, His Excellency, Member of the Board of Directors of Sacombank, Management and many honorable guests.
The Olympic Branch is confronting the Olympic market where there are lots of traders. It is crowded and busy with small shops and restaurants. Money transfer to various destinations is on demand. Therefore, this is a strategic location to offer financial services, such as lending to small businesses and money transfer with express remittance service (within an hour) to/from Vietnam, Cambodia and Laos.
During his speech, the representative of His Excellency CHEA CHANTO Governor of the National Bank of Cambodia stated thanks to Sacombank for its great effort of expanding branch network. Especially, opening Olympic Branch to contribute and strengthen the banking sector in Cambodia. Sacombank has brought in professional experiences, new banking technologies, and new products and services to meet customer’s demand.
30 August 2011
In order to serve Vietnamese Community who are looking for transaction service to or from home country, Sacombank has selected a very busy road of No 717-719 Monivong Boulevard, Boeng Keng Kang III, Khan Chamkamon, Phnom Penh, to set up an operating office in Vietnamese Supermarket, giving it a name of Vietnamese Supermarket Branch that was opened on 30 August 2011.
5 September 2011
In order to provide a better convenient service and accessibility to the customer, Sacombank continuously widen its network throughout the city by reaching out to the outskirts of town area of Chbar Ampoeu by launching the third branch; Chbar Ampeou Branch, located at No 577A-578B, National Road No 1, Sangkat Chbar Ampeou II, Khan Mean Chey, Phnom Penh.
5 October 2011
Sai Gon Thuong Tin Commercial Join Stock Bank (Sacombank) announces the opening of the 100%foreign-owned Sacombank (Cambodia) Plc. in Cambodia. The new bank has received approval from the National Bank of Cambodia and supported by the State Bank of Vietnam and thus comes under the legal jurisdiction of the Kingdom of Cambodia in terms of capital requirements, accounting system and statutory reporting. This is an important milestone that opens a new era in regional business development and expansion of Sacombank in Indochina. It also contributes to an increase in cross-border trade between Vietnam and its neighboring countries.
22 March 2012
After nearly 3 years since Sacombank (Cambodia) Plc has opened its first branch in the heart of the city; 60 Preah Norodom Blvd, Phnom Penh, the firm has served a big number of clients throughout the city. Sacombank (Cambodia) Plc has been continuously expanding its network by opening branches of Olympic Branch, Vietnamese Supermarket Branch and Chbar Ampov Branch, and now Sacombank (Cambodia) Plc. continue to open the new branch in province to implement the network strategy – The Kampong Cham Branch in Kampong Cham province.