BRED Bank Cambodia has signed a memorandum of understanding with Parkco Estates Co. Ltd and will work closely with the developer to attract new homebuyers at their Borey Sovannaphumi project.
The bank has committed initial funding of USD 1.5million to the partnership, allowing home buyers at Borey Sovannaphumi to borrow up to 70% of the value of their new property over a period of up to 20 years. New buyers will also benefit from BRED Bank’s excellent first year rate of only 6.99%.
Borey Sovannaphumi is located in the north-east of Phnom Penh between the Mekong and Tonle Sap Rivers, close to the Morodok Techo National Stadium, the Win-Win Memorial and the prestigious Garden City Golf Club. The borey offers an excellent mix of shop houses and luxury villas – some with their own swimming pool!
“This is another excellent opportunity for our bank and our customers,” said BRED Bank Cambodia CEO, Mr. Nicolas Hollanders. “It’s an exceptional development in a superb area of the city and we’re delighted to be working closely with the Parkco Estates team to promote property purchases at Borey Sovannaphumi.”
To find out more about home loans from BRED Bank Cambodia, call 1800 20 1234, speak to one of our Relationship Managers or ask at the Borey Sovannaphumi sales office.
BRED Bank (Cambodia) Plc. issues urgent fraud warning
BRED Bank Cambodia has been recently made aware that fraudsters have been using images of the bank’s Battambang Branch building alongside a modified version of our logo and name to attempt to defraud unsuspecting customers.
Please note that BRED Bank Cambodia has no association with an organisation calling itself ‘BAB Bank’ or ‘BAB Loan’ and that ‘BAB Bank’ or ‘BAB Loan’ is NOT a licensed bank.
BRED Bank Cambodia only has one branch in Battambang Province located at No. 36 & 37, Steet 1, Prek Moha Tep Village, Sangkat Svay Por, Krong Battambang, Battambang Province. If any customers see any evidence of fraudsters attempting to use BRED Bank Cambodia photography or logos, this should be reported immediately to the bank and the authorities. BRED Bank Cambodia will also take legal action against any organisation or individuals who use the bank’s imagery and brand identity without permission.
We urge all of our customers to be extremely cautious and aware of potential scams and to report any suspicious sources immediately. You should also be aware that BRED Bank Cambodia shall not be held responsible for any action carried out by ‘BAB Bank’ or ‘BAB Loan’ or for any loss incurred by any individual or organisation associated with these criminal activities.