Kasikorn Bank Opens Branch in Cambodia

On 8 February 2017, Kasikorn Bank officially opened its first branch in Phnom Penh.

The contact details listed for the branch are as follows:

T: (+855) 23 214 998
E: KH_PhnomPenh@kasikornbank.com
A: 45 Sihanouk Boulevard, Chaktomuk Sub-District, Daun Penh District, Phnom Penh.

Their website is located here.

Their Facebook page is located here.

Compared to rates in America and other western nations, the interest paid on term deposits in Cambodia is very high.

And within the Cambodian micro finance sector, the returns look quite attractive. For example VisionFund Cambodia currently offers 8.00% on a 12 month term deposit of Thai Baht or US Dollars:

TermKHRUSDTHB
3 months5.00%5.25%5.00%
6 months6.25%6.00%6.25%
9 months7.00%6.75%7.00%
12 months9.00%8.00%8.00%
18 months9.50%8.00%8.25%
24 months10.00%8.25%8.50%

In the past, getting money into Cambodia to invest in micro finance term deposits was problematic. However, now that Thai banks are opening branches in Cambodia, that task is much easier.

If you are interested in investing in Cambodian term deposits, please take care to note that the high interest rates that are offered are a reflection of the social, political and economic risks inherent in an emerging economy.

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