Wing Bank, one of the fastest-growing commercial bank, and Prudential Cambodia, one of the leading life insurance providers in the country, have announced a Memorandum of Understanding (MoU) to explore opportunities for business collaboration. The anticipated collaboration between Prudential Cambodia and Wing Bank is expected to bring significant value to the financial sector in Cambodia and facilitate a brighter and more financially resilient future for the country, and to help people get the most out of life. The MoU was singed on May 12, 2023, at Hotel Cambodiana presided over by Neak Oknha Kith Meng, Chairman of Wing Bank, Chairman and CEO of the Royal Group of Companies, and Mr. Paul Lynch, Group Director of Government Relations of Prudential Plc. The MoU was signed by Mr. Han Peng Kwang, CEO of Wing Bank and Mr. Sanjay Chakrabarty, CEO of Prudential Cambodia. Contributing to Cambodia’s financial inclusion targets The Insurance Regulator of Cambodia (IRC) has set an objective to increase the insurance penetration rate to 5.5% and raise industry density to $135 by 2030. The alliance between Prudential Cambodia and Wing Bank will therefore play a crucial role in contributing to these national goals. Mr. Paul Lynch, Group Director of […]
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