HISTORY |
By the late 1980's, the group that ultimately
founded MekongBank understood that Cambodia would
need a modern banking system of international
standards in order for the economy to realize
its potential. From that time, they began to plan
for the institution that became known as MekongBank
(the legal name remains Cambodia Mekong Bank Public
Limited).
MekongBank began operations in May 1994 with
a subscribed and paid-in capital of US$10 million.
Subsequently the subscribed capital was increased
to US$20 million, of which US13$ million have
been paid-in. MekongBank is fully in compliance
with the capital requirements imposed by the central
bank of Cambodia.
|
VISION |
From the date of its foundation, MekongBank has
stressed the need for developing and maintaining
the highest standards of professionalism and ethical
business standards. These principles are constantly
reinforced through staff training programs and
by management example. To reinforce this commitment,
MekongBank has always retained the services of
recognized international accounting firms as independent,
external auditors. In addition to standard auditing
services, these firms have provided continuing
advice regarding financial and management systems.
|
MISSION |
MekongBank strives to remain at the forefront
of the private banking community in Cambodia.
Its overriding policy is to combine financial
strength, technical innovation and superior service
with professionalism and ethical business practice.
|
SHAREHOLDERS AND DIRECTORS |
Shareholders
Mr. Khov Sambath 8%
Ms. Khov Ly Houng 23%
Mr. Khov Boun Chhay 69%
Board of Directors
Mr. Michael C. Stephen, Chairman
Mr. Bretton G. Sciaroni
Mr. Tay Kah Chye
Mr. Khov Boun Chhay
Mr. Khov Sambath
Mrs. Ung Kuy Eng
President and CEO
Mr. Khov Boun Chhay
Auditor
PricewaterhouseCoopers, Cambodia.
|
|
SERVICES |
MekongBank is licensed to provide all forms of
domestic and international banking services. The
Bank's clients include prominent local and international
businesses engaged in trading, construction, services
and manufacturing, as well as Multinational Corporation
with investment in the country.
As part of its commitment to providing superior
services, MekongBank has become an industry leader
in the area of staff training. As a matter of
policy, each employee is expected to be familiar
with of the bank's services and operations. To
insure that this goal is met, members of senior
management conduct training seminars at least
once each week. The bank sends selected staff
members to attend training courses abroad and
is also working within the Association of Banks
in Cambodia (with substantial assistance from
the ASEAN Bankers Association) to develop training
facilities within the country.
|
INFORMATION TECHNOLOGY (IT) |
MekongBank joined Visa International in June
1997. The following year it became the first bank
in Cambodia to provide on-line connections to
Visa international global authorization and settlement
network. In April 2001, MekongBank issuing visa
cards in its own name, the first financial institution
to do so in Cambodia. The bank also expects to
introduce on-line services for other international
credit cards.
Largely as a result of its deep involvement in
the credit cards business, MekongBank has been
a pioneer in the use of technology in banking
services in Cambodia. The bank has made substantial
and continuing investments in Information Technology,
and plans to take advantage of its superior technological
capabilities by offering transaction-processing
services to corporations and financial institutions
in Cambodia and in the region.
|
BRANCHES |
MekongBank's branch network includes three offices
in Phnom Penh, one in Siahnoukville and one in
Siem Reap. There are plans to open a branch in
Battambang during the second half of 2003. In
addition, the bank operates money exchange counters
in Phnom Penh and Siem Reap. All this units are
on-line and capable of processing credit card
and other transactions. Branches will be established
as required in other major cities throughout the
country.
|
INTERNATIONAL POLICY |
A fundamental policy of MekongBank is to become
Cambodia's leading international financial institution.
To foster this goal, correspondent relations have
been established with major banks in Europe, Asia
and the United States. Thought our principle international
correspondent and strategic partner, ABN-AMRO
Bank, we have access to their global network of
over 3500 locations in 76 countries. Another crucial
element in MekongBank's international policy involves
the establishment of strategic alliances with
key financial institutions throughout the region.
MekongBank also participates actively in efforts
to promote the development of the banking sector
industry in Cambodia. In addition to its involvement
with the Association of Banks in Cambodia, senior
management and members of the board maintain a
continuing dialogue with business and government
leaders in Cambodia and the region.
|
