SBI LY HOUR Bank Achieves Remarkable Growth in Its Five Years of Operation

Phnom Penh – March 21, 2025 – SBI LY HOUR Bank today announced significant achievements in its continued growth and commitment to serving customers and the public in the Kingdom of Cambodia. In 2020, the bank began as a strong financial institution with assets of $243.8 million, loans of $196.9 million, and deposits of $118.7 million. LY HOUR Microfinance Institution also received a commercial banking license from the National Bank of Cambodia, expanded to 45 branches nationwide, employed 1,157 staff, and provided financial services to over 33,000 customers. Additionally, the bank upgraded its branches and deployed ATMs/CRMs nationwide, while also launching money transfer and leasing services.

In 2021, the bank accelerated digitalization by launching mobile banking and adding QR payment capabilities to its mobile platform. In 2022, the bank expanded its services by launching Visa cards and KHQR. In 2023, the bank strengthened its capital to $100 million, up from $75 million, and implemented the T24 core banking system (Phase 1). In 2024, the bank fully modernized its system by transitioning entirely to the T24 core banking system and launched Cambodia's Visa first Multi-Currency Card.

As of February 2025, the bank has achieved substantial growth with assets of $1.102 billion, loans of $841 million, deposits of $826 million, over 138,000 customers, and 1,379 employees.

“The bank continues to innovate financial services, modernize digital technology, mobile banking, and other support services to meet the bank's year-over-year growth,said Mr. Chea Phalarin, CEO of SBI LY HOUR Bank.. The CEO added, "We extend our gratitude to our supporting customers, shareholders, and all dedicated employees, and especially to the National Bank of Cambodia for their support and facilitation, which have enabled SBI LY HOUR Bank to grow rapidly in its five years of operation, contributing to Cambodia's economic development and improving the livelihoods of customers nationwide."”

On its fifth anniversary and moving forward, SBI LY HOUR Bank is committed to providing innovative and inclusive financial solutions to contribute to Cambodia's economic development.

About SBI LY HOUR BANK PLC.:

SBI LY HOUR BANK PLC. began operations as LY HOUR Microfinance Institution in 2012 and transitioned into a commercial bank after receiving a banking license from the National Bank of Cambodia on March 23, 2020, with strategic investment from Lok Neak Oknha Ly Hour and the giant Japanese corporation, SBI Holdings, Inc.

Currently, SBI LY HOUR Bank has a network of branches operating across 25 provinces and city in Cambodia, with total assets exceeding $1 billion, a total of 51 branch locations, over 30 ATMs/CRMs, and partnerships with over 3,000 LY HOUR Pay Pro Agent locations nationwide to facilitate customer convenience.

Simultaneously, the bank is expanding its branch network, deploying additional ATMs/CRMs, enhancing domestic and international money transfer services through Swift, Ripple, and MoneyGram, and further modernizing digital mobile banking to expand the scope of banking operations and provide better financial services to meet customer needs.

For more information, please visit the official SBI LY HOUR Bank website.