Phnom Penh, Cambodia – April 8, 2025 – PPCBank and Prudential Cambodia proudly marked the fifth anniversary of their groundbreaking partnership by extending their Memorandum of Understanding (MoU) for another five years. Since April 27, 2020, the collaboration has revolutionized life insurance accessibility in Cambodia, providing families with financial security and peace of mind.

The milestone was celebrated at a special event held at the Sun & Moon Riverside Hotel, attended by key leaders from both organizations, valued partners, and customers. The renewed MoU underscores their shared vision of making life insurance solutions more accessible to Cambodian families while integrating innovative technologies and championing financial literacy.

A Partnership That Impacts Lives

Together, PPCBank and Prudential Cambodia have protected more than 1,000 customers and paid 25,000 USD in claims, directly contributing to resilient communities and a brighter future for Cambodia.

"The extension of our MoU reflects the strength and success of our partnership," said Mr. Lee Jin Young, President of PPCBank. "Over the past five years, we have made a tangible difference in the lives of our customers, and this next chapter enables us to expand offerings, leverage innovative solutions, and continue supporting Cambodian families with financial protection," he added. 

Recent advancements include the integration of insurance payments into PPCBank's mobile banking platform, enabling customers to manage their insurance conveniently through the PPCBank Mobile App. This innovative feature has simplified access and improved user experiences.

Driving Financial Literacy and Empowerment

In addition to offering cutting-edge solutions, the partnership prioritizes sustainable growth by investing in the professional development of insurance consultants and promoting financial literacy across Cambodia.

"We are thrilled to celebrate five successful years with PPCBank," said Mr. Ponlu Tola, CEO of Prudential Cambodia. "This renewed MoU solidifies our commitment to empowering Cambodian families and delivering peace of mind through accessible and reliable financial protection."

"Every policy we provide is more than a product—it's a promise of resilience, security, and brighter futures," Mr. Ponlu Tola emphasized.

Looking Ahead

The renewed MoU marks a significant milestone in PPCBank and Prudential Cambodia's partnership, positively impacting thousands of families. As the collaboration enters its next phase, both companies are steadfast in their commitment to empowering lives, fulfilling dreams, and shaping Cambodia's future.

About PPCBank

PPCBank is one of Cambodia’s leading financial institutions and is committed to providing high-quality banking services and solutions to meet the diverse needs of Cambodian families and businesses. With a strong focus on innovation, customer satisfaction and financial inclusion, PPCBank continues to play a pivotal role in Cambodia’s banking sector.

About Prudential Cambodia

Since its establishment in 2013, Prudential Cambodia has become one of the largest life insurers in the country, providing customizable solutions to over 500,000 customers. Prudential Cambodia is an affiliated company of Prudential plc. 

Prudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. Prudential’s mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions.

The business has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts. It is a constituent of the Hang Seng Composite Index and is also included for trading in the Shenzhen-Hong Kong Stock Connect programme and the Shanghai-Hong Kong Stock Connect programme. 

Prudential is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America, nor with The Prudential Assurance Company Limited, a subsidiary of M&G plc, a company incorporated in the United Kingdom.

For more information, please visit: www.prudential.com.kh