PHNOM PENH: Panda Commercial Bank Plc has become the second bank in Cambodia to have its licence revoked by the National Bank of Cambodia (NBC) this year. It follows the closure of Prince Bank Plc.
According to a Feb 23 NBC announcement, the bank has been placed temporary administration, as its financial condition had continuously deteriorated to the point where it would no longer be able to provide banking services.
The NBC has appointed Morisonkak MKA Audit-Accounting Co, Ltd as the temporary administrator and liquidator of Panda Commercial Bank Plc.
“During this period, Panda Commercial Bank Plc is suspended from providing new banking services, including accepting deposits and issuing loans. Morisonkak MKA Audit-Accounting Co., Ltd is granted full authority to manage and handle all operations and assets of Panda Commercial Bank Plc from the date of this announcement onward,” it said.
It noted that documentation for the withdrawal of deposits will be processed according to the order of priority, in compliance with the Law on Banking and Financial Institutions. Borrowers from Panda Commercial Bank Plc are required to continue meeting their obligations as usual.
The bank received its commercial banking license in 2019. As of the end of 2025, the bank had total assets of approximately $776 million, loans of about $536 million, deposits of around $502 million, and a market share equivalent to 0.77 per cent of the banking system.
“The National Bank of Cambodia and relevant ministries and institutions will continue to closely and carefully monitor the liquidation process to protect the interests of depositors and other customers,” noted the NBC.
In early January, the NBC revoked the licence of Prince Bank Plc after the bank’s major shareholder was arrested by Cambodian authorities and transported to China for prosecution. - The Phnom Penh Post/ANN
