Prince Bank liquidator begins depositor payouts as Cambodia advances resolution process

PHNOM PENH, Mar. 20, 2026 (KPT) — The liquidator of Prince Bank has begun compensating depositors, marking a key step in Cambodia’s efforts to ensure an orderly resolution of troubled financial institutions, officials said Thursday.

Morisonkak MKA Audit-Accounting, the appointed audit and liquidation firm acting as temporary administrator, announced that depositors can start claiming compensation from March 23, following the conversion of the bank’s assets into cash.

Repayments will be made either by bank transfer for depositors who have provided account details, or in person at Prince Bank’s office for those who have not. Claimants must present relevant documents for verification.

The payout process comes amid ongoing resolution measures by the National Bank of Cambodia (NBC), after Prince Bank and Panda Commercial Bank were placed under temporary administration and later moved into liquidation.

NBC governor Chea Serey said liquidation procedures are applied when institutions cannot meet withdrawal demands over time, with assets converted gradually to ensure fair repayment. She stressed that the process requires patience to avoid selling below market value, and that all depositors are treated equally under Cambodian law.

Prince Bank was placed under temporary administration in January, followed by Panda Commercial Bank in February, as part of wider efforts to strengthen confidence in the banking sector.