In a major step aimed at enhancing financial services for its customers, PPCBank has officially entered into a strategic partnership with Ly Hour SBI Insurance Plc. (LHSBI), a renowned and trusted insurance provider in Cambodia. 

A memorandum of understanding (MoU) about the exciting new partnership was signed on March 11, 2025, during a ceremony at PPCBank’s Head Office. The event was graced by senior representatives from both companies, marking a new chapter in the provision of insurance and banking services for the bank’s valued clientele across the Kingdom. 

The new collaboration aims to provide comprehensive insurance coverage for traffic accidents and house fires, offering financial protection to PPCBank’s customers in the unfortunate event of a collision on the road or damage to their homes due to fire or smoke. With this initiative, PPCBank continues its commitment to offering a range of services that prioritise the financial security and well-being of its customers.

The main objective of this partnership is to create a seamless and reliable way for PPCBank customers to access insurance coverage that safeguards them against two of the most common and financially impactful incidents: traffic accidents and house fires. Whether it's a sudden car crash or damage to property caused by fire, both events can leave individuals financially vulnerable. This partnership ensures that PPCBank customers are well-covered, reducing the burden of unforeseen expenses in these situations.

PPCBank’s President, Mr. Lee Jin Young, expressed his enthusiasm about the partnership.

“The collaboration with Ly Hour SBI Insurance Plc. is another milestone in our mission to offer comprehensive and accessible financial services,” he said.

“We understand the importance of protection in today’s fast-paced world, and by joining hands with a leading insurance provider; we can bring even more peace of mind to our customers. With this insurance coverage, our customers will be able to better safeguard their homes, their vehicles and their futures,” he added.

The new cooperation also facilitates a smoother process for customers to make insurance premium payments. Under the new agreement, LHSBI customers will have the convenience of paying their premiums through PPCBank’s Mobile App or at any of PPCBank’s branches nationwide. This integration streamlines the payment process and ensures that customers can access their insurance services with the same ease and efficiency they expect from PPCBank’s banking offerings.

The MoU between PPCBank and Ly Hour SBI Insurance Plc. goes beyond just providing insurance products. It also reflects the shared vision of both organisations to build a mutually beneficial relationship that fosters business cooperation through the referral of insurance products. This collaboration is not only about expanding product offerings but also about aligning the expertise and strengths of both institutions to better serve the needs of Cambodian consumers.

Neak Oknha Ly Sopheap, Executive Board Director of Ly Hour SBI Insurance Plc., shared his thoughts on the partnership.

“Ly Hour SBI Insurance Plc. has always been committed to providing top-tier insurance solutions, and this partnership with PPCBank allows us to extend our reach to a wider audience. Through this collaboration, we aim to deliver more value to customers and offer them a comprehensive range of financial and insurance solutions. We are excited to work with PPCBank to ensure that our customers are well-protected, no matter what life throws their way,” he said.

The partnership underscores the commitment of both companies to delivering exceptional customer service. By integrating Ly Hour SBI Insurance Plc.'s reliable and diverse insurance offerings with PPCBank’s wide range of banking services, the bank is providing its customers with greater convenience and more opportunities to secure their financial future.

PPCBank has long been recognised for its leadership in financial innovation, and this agreement is another example of its dedication to meeting the evolving needs of its customers. As more people seek comprehensive financial services that combine banking, insurance and other essential services, PPCBank continues to position itself as a one-stop solution for all financial needs.

The integration of banking and insurance services is a natural next step for the bank, which has already established itself as a forward-thinking financial institution in Cambodia. With this new collaboration, PPCBank reaffirms its commitment to providing holistic financial solutions that not only address day-to-day banking needs but also offer protection in times of crisis. This approach ensures that customers receive a complete suite of services that protect them, their families and their assets.

This latest strategic partnership is set to usher in a new era of financial protection for Cambodians. By combining the strengths of both institutions, customers will now have access to a broader range of services that will help them better manage their finances while staying protected against unforeseen risks. 

It is not just a partnership; it’s a commitment to delivering comprehensive and accessible financial services to the people of the Kingdom. With the backing of two trusted names in the financial industry, customers can now enjoy a seamless and integrated experience, making it easier than ever to protect what matters most.