Memorandum of understanding on property financing - BRED Bank Cambodia

Memorandum of understanding on property financing

Between US-based real estate firm Century 21 (Cambodia) and BRED Bank Cambodia
28 January 2021 | Raffle Hotel Le Royal 

US-based real estate firm Century 21 Cambodia has signed a Memorandum of Understanding (MOU) with BRED Bank Cambodia, appointing the bank as its finance partner for properties that are exclusively promoted by the Century 21 Cambodia Network.

The Memorandum of Understanding was signed by Century 21 Cambodia’s Chief Operation Officer, Mr. Seraj Sutton and BRED Bank Cambodia’s Chief Executive Officer, Mr. Guillaume Perdon. 

Seraj Sutton said he is delighted to partner with BRED Bank Cambodia, which is part of the global financial group, BRED Banque Populaire and became the first European bank to operate in Cambodia in 2017. 

“I believe this collaboration will play a strong role in creating better opportunities for customers and investors while enabling more Cambodian people to buy their dream properties,” he said. “Our customers won’t just enjoy their new home ownership, they’ll also benefit from the competitive and flexible financing provided by BRED Bank Cambodia.”

Guillaume Perdon echoed Mr. Sutton’s sentiments: “We’re delighted to have reached this understanding with Century 21 Cambodia. BRED Bank Cambodia has made a strong commitment to support the Cambodian property market. Not only do we offer the highest international banking standards, we’re confident that our home loans represent the best value in the Kingdom. We look forward to a long and exciting partnership with Century 21.”

Century 21 Cambodia is the exclusive sales agent for many of the finest development projects in Cambodia including the FOREST HARMONY, GOLF HARMONY, RESIDENCE HARMONY, LAGOON HARMONY and LIVING HARMONY projects as well as the European Design Luxury Holiday Villas and Condominiums which are being developed at Prey Thnang commune of Teuk Chhou district, some 18 km from Kampot town. 

In October last year, Forest Harmony Co Ltd., announced the soft launch of ‘Golf Harmony’ which is the second phase of its successful Forest Harmony.

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CUSTOMER ANNOUNCEMENT 

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!