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SBI LYHOUR BANK

Commercial Bank mainly dealing with small loans for retail businesses in Cambodia

SBI LYHOUR BANK

 SBI Holdings acquired LY HOUR Microfinance Institution PLC., which conducted microfinance businesses in Cambodia. After following the process to become a commercial bank, in March 2020 the National Bank of Cambodia officially granted the license. Since June the bank has developed its business mainly with small loans for the retail sector.

 LY HOUR Microfinance, the predecessor of SBI LYHOUR Bank is one of the core companies of the financial conglomerates, which is consist of money exchanges operator, residential real estate developer, fund transfer remittance company, non-life insurance etc. in Cambodia. In December 2018 the total assets of the microfinance were ranked 8th in the country.

 With the investment from SBI Group, the synergy brought from the various businesses LY Hour Group owns and the knowledge of the online financial businesses SBI Group had cultivated as a pioneer of a fintech company, we have developed an advanced commercial bank that not only provides financial services that is highly beneficial for customers but also contribute to further develop the Cambodian economy.

Corporate Profile

Company name

SBI LYHOUR BANK PLC.

Principal business

Commercial Bank

Representative LY HOUR
Location Building 219, Street128&169, Sangkat Mittapheap, Khan Prampir Makara, Phnom Penh
Date of establishment March 23, 2020
Paid-in capital USD75Million
Shareholders *

SBI HOLDINGS 70%
Mr. Ly Hour 30%

URL https://sbilhbank.com.kh/en/home/

* Ownership percentage is based on voting rights. SBI Group's shareholding percentage corresponds to a total percentage based on the IFRS criteria for subsidiary companies and subsidiary funds of the Group.

(As of September 10, 2020)

Corporate Information & SBI Group