Friday, June 6, 2025
CN
  • About
  • Advertise
  • Careers
  • Contact
Money Compass
  • Home
  • Financial News
  • Investment News
  • Other News
    • Bursa News
    • Government News
    • Listing Companies News
    • Oversea Financial & Investment News
  • Interviews
    • Features Interviews
    • Corporate Interviews
  • Financial & Investment Articles
  • PR Newswire
  • Login
No Result
View All Result
Money Compass
Home PR Newswire

CUB Cambodia Approved to Launch Escrow Services, Bolstering Customer Asset Protection

by
January 23, 2025
in PR Newswire
0
CUB Cambodia Approved to Launch Escrow Services, Bolstering Customer Asset Protection
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

TAIPEI, Jan. 22, 2025 /PRNewswire/ — Cathay United Bank (CUB), a subsidiary of Cathay Financial Holdings—the largest financial group in Taiwan—has firmly established its presence in Cambodia for over a decade, actively supporting local government’s initiatives. Recently, Cathay United Bank Cambodia (CUBC) received approval from Cambodia’s Trust Regulator to offer escrow services. This milestone underscores CUBC’s commitment to fostering economic growth across diverse sectors and boosting investor confidence in Cambodia.

Since the enactment of Cambodia’s Law on Trust in 2019 and the establishment of the Trust Regulator in 2021, the trust business in Cambodia has witnessed remarkable growth. According to the Ministry of Economy and Finance of Cambodia, the country’s GDP is projected to grow 6% in 2024 and accelerate to 6.3% in 2025, with an average growth rate projected to be above 6.6% from 2026 to 2027.

Related posts

Gemini Announces Confidential Submission of Draft Registration Statement for a Proposed Initial Public Offering

Gemini Announces Confidential Submission of Draft Registration Statement for a Proposed Initial Public Offering

June 6, 2025
Carlsberg lays on the perfect ride to surprise taxi drivers during the UEFA Nations League Finals™ 2025

Carlsberg lays on the perfect ride to surprise taxi drivers during the UEFA Nations League Finals™ 2025

June 6, 2025

Kevin Yeh, President of CUBC, emphasized the significance of the new escrow service: “Cambodia’s economy continues to grow steadily, with real estate transactions being a key focus of the local market. Given the large transaction amounts involved, ensuring secure payments between buyers and sellers is crucial. This escrow service provides a secure platform for holding and disbursing funds. CUBC will safeguard the transaction funds and release them to the seller only after all contractual conditions are met, ensuring the smooth completion of transactions. We have high expectations for the future growth of escrow services.”

CUBC is dedicated to enhancing customer experience through its customer-centric approach and comprehensive financial services. In 2023, CUBC became the first Taiwanese bank in Cambodia to offer KHQR payments by integrating with the National Bank of Cambodia’s Bakong system. Additionally, for eligible corporate customers, CUBC provides a dedicated support team and video customer service to streamline processes and save time.

CUBC also offers its Global MyB2B service, which is secure, simple, and convenient. This platform enables easy access to global account consolidation, trade finance, cash management, and other financial services, helping clients optimize operational efficiency and create seamless financial experience across online and offline channels. CUBC will continue to prioritize the needs of its customers by offering bespoke solutions, and plans to further strengthen its digital development and enhance the customer experience.

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/cub-cambodia-approved-to-launch-escrow-services-bolstering-customer-asset-protection-302358029.html

SOURCE Cathay United Bank

​ 

Previous Post

J.S. Held Releases 2025 Global Risk Report Addressing Critical Risks Amid Uncertainty

Next Post

Huawei, Chulalongkorn University, and BUPT Collaborated to Foster ICT Talent at Asia Pacific Cloud AI Forum & Huawei Developer Competition 2024 Final

Next Post
Huawei, Chulalongkorn University, and BUPT Collaborated to Foster ICT Talent at Asia Pacific Cloud AI Forum & Huawei Developer Competition 2024 Final

Huawei, Chulalongkorn University, and BUPT Collaborated to Foster ICT Talent at Asia Pacific Cloud AI Forum & Huawei Developer Competition 2024 Final

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

BROWSE BY CATEGORIES

  • Blog
  • Bursa News
  • Corporate Interviews
  • Features Interviews
  • Financial & Investment Articles
  • Financial News
  • Government News
  • Investment News
  • Listing Companies News
  • Oversea Financial & Investment News
  • PR Newswire

BROWSE BY TOPICS

2018 League Balinese Culture Bali United Budget Travel business Champions League Chopper Bike Doctor Terawan industrial Istana Negara Malaysia Market Stories National Exam net zero emissions targets 2025 Renewable energy Visit Bali

Recent News

  • Gemini Announces Confidential Submission of Draft Registration Statement for a Proposed Initial Public Offering
  • Carlsberg lays on the perfect ride to surprise taxi drivers during the UEFA Nations League Finals™ 2025
  • Carlsberg lays on the perfect ride to surprise taxi drivers during the UEFA Nations League Finals™ 2025

Category

  • Blog
  • Bursa News
  • Corporate Interviews
  • Features Interviews
  • Financial & Investment Articles
  • Financial News
  • Government News
  • Investment News
  • Listing Companies News
  • Oversea Financial & Investment News
  • PR Newswire
  • About
  • Advertise
  • Careers
  • Contact

Copyright © 2024 Money Compass Media (M) Sdn Bhd. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Features Interviews
  • Government News
  • Financial News
  • Investment News
  • Listing Companies News
  • Corporate Interviews
  • Bursa News
  • Financial & Investment Articles
  • Oversea Financial & Investment News

Copyright © 2024 Money Compass Media (M) Sdn Bhd. All Rights Reserved