Dai-ichi Life Holding, Inc. in Japan in cooperation with Vattanac Bank has formally entered the Cambodian Insurance Market. A press con launching was held at Rosewood Hotel in Phnom Penh on April 24, 2019.
Dai-ichi Life Cambodia and Vattanac Bank will further support the Cambodian government’s social development objectives by raising public awareness on the importance of long-term financial planning
Most banks stayed away from direct lending to real estate. For the ones that do so the amount is much smaller compared to other sectors or industries. Risks apparently dissuade these banks from getting more involved with the sector.
More than 60 Vattanac Bank workers protest over failed payment of $10,000.