PHNOM PENH, Cambodia – Wing Bank (Cambodia) Plc. has announced a landmark USD 500 million credit commitment to support micro, small, and medium enterprises (MSMEs), startups, and women entrepreneurs, reinforcing its role in driving inclusive economic growth in Cambodia.
This large-scale financing initiative is being implemented through strategic partnerships with the Women’s Economic Development and Entrepreneurship Center (WEDEC), the General Department of Customs and Excise of Cambodia (GDCE), and the Ministry of Industry, Science, Technology & Innovation (MISTI).
Supporting Women-Led Businesses and Inclusive Entrepreneurship
The initiative places a strong emphasis on women’s economic empowerment, aiming to help Cambodian women launch, expand, and scale sustainable businesses. The program directly responds to the call to action made by First Lady Lok Chumteav Dr. Pich Chanmony Hun Manet during the official inauguration of WEDEC in Phnom Penh.
Neak Oknha Kith Meng, Chairman of Wing Bank’s Board of Directors and CEO of Royal Group, highlighted the critical role women entrepreneurs play in national development. He reaffirmed Wing Bank’s long-term commitment to providing the financial resources needed to support their growth and competitiveness.
USD 200 Million Credit Facility with GDCE and Digital Payment Incentives
As part of its expanded support, Wing Bank signed a Memorandum of Understanding (MoU) with the General Department of Customs and Excise (GDCE), committing USD 200 million in credit for businesses engaged in trade and customs-related activities.
A key feature of this partnership is a five-day interest-free credit period for enterprises that settle customs duties and taxes using Wing Bank’s digital payment platforms, helping businesses improve cash flow and streamline operations.
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Building a Resilient and Inclusive Economy
Dr. Han Peng Kwang, CEO of Wing Bank, emphasized the broader economic impact of the initiative:
“By simplifying access to finance and digital solutions for MSMEs, startups, and women entrepreneurs, we are not only enabling individual business success but also building a more resilient, inclusive, and innovative economy for Cambodia. When these businesses thrive, the entire nation benefits.”
Additional USD 200 Million Commitment to Innovation and Competitiveness
Wing Bank has also entered into an MoU with the Ministry of Industry, Science, Technology & Innovation (MISTI), pledging an additional USD 200 million in credit. This funding is dedicated to supporting business development, innovation, and market competitiveness, particularly for local enterprises seeking to upgrade technology and expand into new markets.
Beyond Financing: Training, Capacity Building, and Long-Term Impact
In addition to financial support, Wing Bank will collaborate with its partners to deliver training programs, workshops, and capacity-building initiatives. These efforts are designed to equip entrepreneurs with practical skills, financial literacy, and digital tools to maximize the impact of the financing packages.
Through these strategic partnerships, Wing Bank strengthens its position as a key enabler of Cambodia’s socio-economic development, promoting financial inclusion, innovation, and accessible banking solutions for businesses of all sizes.
How Entrepreneurs Can Access Wing Bank Financing
MSMEs, startup founders, and entrepreneurs seeking financing to support business growth are encouraged to visit any Wing Bank branch nationwide or reach out via customer service channels and the official Wing Bank Facebook page for more information.