Phillip Bank Plc. would like to address a message currently circulating on Telegram implying potential regulatory action against several banks, including Phillip Bank.
We would like to clarify that such claims are false, unfounded and do not reflect the bank’s actual standing. Phillip Bank is taking the matter seriously and is taking appropriate steps to address the spread of inaccurate and misleading information that may cause unnecessary concern among customers and the public. We’ve also informed National Bank of Cambodia regarding the circulation of this misinformation.
Phillip Bank remains financially sound, fully operational and in full compliance with all regulatory requirements set by the National Bank of Cambodia (NBC). The bank continues to meet all prudential standards, reporting requirements and supervisory expectations of the NBC.
Phillip Bank is part of PhillipCapital Group, a Singapore-based integrated financial services group with shareholders’ funds of approximately $4 Billion. PhillipCapital is currently operating in 16 countries and managing $65 billion worth of assets.
The Group’s presence in Cambodia has evolved over more than a decade through a series of strategic developments: PhillipCapital first acquired Kredit Microfinance Institution in 2012, and in 2014 acquired Hwang DBS Commercial Bank, which was later rebranded as Phillip Bank.
Today, PhillipCapital operates a comprehensive financial services ecosystem in Cambodia that includes Phillip Bank, Phillip Life Assurance, Phillip General Insurance and Phillip Trustee Cambodia, reflecting the Group’s long-term commitment to the Cambodian market.
With 71 branches nationwide and over 1,600 employees, Phillip Bank continues to serve individuals, families and businesses across Cambodia while maintaining the standards and governance expected of a Singapore-linked financial institution.
Phillip Bank remains firmly committed to transparency, regulatory integrity and safeguarding the interests of our customers. Customers are encouraged to rely on the bank’s official communication channels for accurate information.
For any enquiries or assistance, customers may contact our 24/7 Customer Hotline at (855) 86 930 000 / 89 989 818 / 88 465 9999, or visit our official website at www.phillipbank.com.kh and Facebook page @PhillipBankCambodia for updates.
