Phnom Penh Commercial Bank

Phnom Penh Commercial Bank

PPCBank Head Office
Company type	Private
Industry	Banking
Founded	September 2008; 15 years ago (September 2008)
Headquarters	Phnom Penh , Cambodia
Area served	Cambodia
Owner	JB Financial Group [ko] (60%; 2016–present) OK Financial Group (40%; 2016–present)
Parent	Jeonbuk Bank [ko] (50%; 2016–present) JB Woori Capital (10%; 2016–present) Apro Financial [ko] (40%; 2016–present)
Website	ppcbank.com.kh

Phnom Penh Commercial Bank (PPCB; Khmer: ធនាគារ ភ្នំពេញ ពាណិជ្) is a public bank of Cambodia. The bank was founded on 1 September 2008 with US$15m in paid in capital.^[1] The head office of the bank is located at #217, Norodom Blvd, Sangkat Tonle Bassac, Khan Chomkarmon.

The bank was established as a joint venture of Hyundai Swiss Savings Bank (now SBI Savings Bank) of South Korea, and SBI Group of Japan.^[2][3] The SBI Group has invested $6 million for a 40% interest in the new Cambodian bank while Hyundai Swiss Savings Bank has invested $8.55 million for a 57% stake. The remaining 3% investment was held by another South Korean financial group.^[4] The Phnom Penh Commercial Bank is Cambodia's 23rd commercial bank,^[5] and was the first bank launched by a Japanese company in Cambodia.^[6]

In 2016, the bank was acquired by a consortium of South Korean JB Financial Group [ko] and what is now OK Financial Group (a conglomerate run by Korean Japanese entrepreneurs), each obtaining 60% and 40% of stakes respectively. As a result, the bank is currently owned by two subsidiaries of JB Financial Group – Jeonbuk Bank [ko] (a regional bank that primarily serves the North Jeolla Province; 50%) and JB Woori Capital (unrelated to neither Woori Financial Group nor its subsidiary Woori Bank; 10%) – and one subsidiary of OK Financial Group – Apro Financial [ko] (which issues high-interest loans under the trade name of Rush & Cash; 40%).^[7]