BRED signs MOU with Borey Vimean Phnom Penh  - BRED Bank Cambodia

BRED signs MOU with Borey Vimean Phnom Penh 

BRED Bank Cambodia has signed a Memorandum of Understanding with leading borey developer, Borey Vimean Phnom Penh. Under the agreement, BRED Bank will provide home loans to buyers in a number of the prestigious developments being built by the company. 

The bank will provide competitively priced finance for up to 80% of the property’s value over a tenor of up to 20 years.  

“We’re delighted to be involved with Borey Vimean Phnom Penh,” said BRED Bank CEO, Mr. Nicolas Hollanders. “The company is one of the most exciting residential developers in the Kingdom with a superb reputation for building a diverse range of high-quality homes.” 

“While our focus is on providing finance for prospective home buyers, we’re also hugely impressed by the fact that Borey Vimean Phnom Penh is developing thriving communities where homeowners have all the modern infrastructure they need right on their doorstep.” 

Borey Vimean Phnom Penh is currently developing three major projects in the capital, building a wide range of impressive villas and shop houses at Mongkol Ratanak in Kandal Province, Mongkul Udom at Cheasophara Street and The Empire at National Road 6A, Khan Chroy Changva. 

While this is the first time that BRED Bank Cambodia has worked with Borey Vimean Phnom Penh, Mr. Hollanders is very upbeat about ongoing opportunities with the developer. “The team at Borey Vimean Phnom Penh shares our positive vision for economic and social progress in Cambodia. Home ownership is an important part of that vision and we are delighted to be able to play a key role in turning people’s dreams into reality.”  

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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.

Thank you!