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MGN Emperor Bank begins operations in Phnom Penh

Chea Vannak / Khmer Times Share:
MGN Bank
MGN Emperor Bank head office on Norodom Blv. TK/ Tep Sony

MGN Emperor Bank launched in Phnom Penh on Sunday aiming to become a leading digital bank in the Kingdom.

Om Visal, MGN Emperor Bank CEO, said the bank is dedicated to providing innovative digital banking products and services to SMEs in Cambodia.

Speaking at the opening ceremony on Sunday, Mr Visal said the bank will provide the best possible service to customers through state-of-the-art financial and banking technology.

He highlighted three areas of work that will be prioritised in the first few months.

“First, we will equip ATMs with facial recognition technology that provides convenience, speed and safety to customers.

MGN Bank
NBC’s Chea Chanto hands a license from the Central Bank to Om Visal, the bank’s CEO, on Sunday. MGN Emperor Bank

“Second, we will create an Emperor Bank Centre to serve customers with innovated one-stop service that creates new experiences for them.

“Finally, the bank will continue to invest in its people as well as cooperating with fintech companies to create digital data and build a solid foundation for credit risks assessment and business advice for targeted customers,” Mr Visal said.

The governor of the National Bank of Cambodia, Chea Chanto, present at the ceremony, welcomed the addition of MGN to the local banking sector.

He said the bank’s presence is a sign that there is more confidence, support and involvement from foreign investors in the banking and financial sectors in Cambodia.

The new bank is located on Norodom Boulevard, opposite the National Bank of Cambodia.

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