[Phnom Penh, 04th July 2023] - MBCambodia Bank, a leading financial institution in Cambodia, is pleased to announce the successful completion of its business trip to Singapore from June 26th to 29th, 2023. Led by the Chairman Mr. Dinh Quang Huy, and top management, the visit aimed to strengthen relationships with financial institutions, enhance human resource strategies, and seek advice from renowned international credit rating agents.

During the trip, MBCambodia Bank engaged with five prominent banks in Singapore, including Hong Leong Bank, Shinhan Bank, DZ Bank, MayBank, and OCBC Bank. The primary objective of these meetings was threefold: firstly, to introduce MBCambodia Bank's profile, products, and services; secondly, to diversify the source of funding from overseas; and thirdly, to establish correspondent bank relationships for improved banking transactions and enhanced convenience for MBCambodia customers. Furthermore, these interactions enabled MBCambodia Bank to align its internal procedures with the international banks' standard requirements, ensuring compliance and operational efficiency.

In addition to engaging with financial institutions, MBCambodia Bank focused on enhancing its human resource strategies. The trip provided an opportunity to define ways to improve staff competency and devise comprehensive HR solutions tailored to the specific needs of MBCambodia. By exploring best practices and seeking expert advice, the bank aims to elevate its workforce capabilities and foster a culture of excellence within the organization.

Additionally, to evaluate its creditworthiness and raise its status in the financial industry, MBCambodia Bank sought counsel from renowned worldwide credit rating firms. Meetings with representative from Moody's and Fitch Ratings gave the bank helpful input and suggestions on how to prepare for MBCambodia in order to be ready for next year's ratings.

The Chairman of MBCambodia Bank expressed great satisfaction with the outcomes of the business trip, stating, "Our visit to Singapore has been immensely fruitful. Engaging with esteemed financial institutions, refining our human resource strategies, and receiving guidance from international credit rating agents has further solidified our position as a leading bank in Cambodia. We remain committed to providing our customers with exceptional services while upholding the highest standards of integrity and compliance."

The successful business trip to Singapore represents a significant milestone for MBCambodia Bank, showcasing its dedication to fostering international partnerships, strengthening internal capabilities, and ensuring the bank's sustained growth in the ever-evolving financial landscape.